Series 82 – Private Securities Offerings Representative Exam
Complete preparation for the FINRA Series 82 exam. Master the knowledge and skills needed to excel in private securities offerings.
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Exam Name
Series 82 – Private Securities Offerings Representative
Total Questions
50
Format
Multiple Choice
Duration
1 hour 30 minutes
Passing Score
70%
Cost
$60
Corequisite
SIE Exam
Effective From
2001 – Present
Exam Purpose
The Series 82 exam evaluates whether a candidate has the knowledge and skills required to solicit and sell private placement securities, including understanding regulations, offering documents, customer financials, and suitability.
To become a Private Securities Offerings Representative, candidates must pass both the SIE Exam and the Series 82 Exam.
Exam Pattern
The Series 82 exam is structured around four major job functions, each representing the real responsibilities of a Private Securities Offerings Representative.
This is the largest section of the exam because business development is a core responsibility.
- Understanding the target audience for private placements
- Approaching potential clients ethically and legally
- Explaining private offerings in a compliant manner
- Following advertising and solicitation regulations
This function focuses on proper account-opening procedures and customer evaluation.
- Collecting and verifying customer information (KYC)
- Understanding customer financial background and risk tolerance
- Conducting customer due diligence
- Complying with AML and CIP rules
This section evaluates your ability to service clients after the account is opened.
- Explaining private placement features
- Reviewing offering documents (PPM, subscription agreements)
- Making suitable investment recommendations
- Maintaining proper records
This function deals with execution, verification, and reporting of private offering transactions.
- Completing subscription agreements
- Verifying investor accreditation requirements
- Processing purchases in compliance with offering rules
- Sending confirmations and maintaining transaction records
Total: 50 Questions
Each job function reflects a real, practical responsibility expected from professionals working with private placement offerings. The exam ensures the candidate is well-prepared for regulatory, ethical, and operational duties in private securities markets.
Course Details / What You Will Learn
Our Series 82 course is designed to equip you with complete knowledge and practical skills required to pass the exam and work professionally in the private securities offerings market.
Capital Markets Basics
Primary vs. secondary markets, issuers, investors, intermediaries, and how private markets differ from public markets.
Role of Private Placement Securities
What private placements are, why issuers choose private offerings, risks, benefits, and typical investor profiles.
Regulation D Offerings
Rules 504, 506(b), and 506(c), accredited investor requirements, offering limits, and disclosure requirements.
Private Placement Memorandum (PPM)
How to read and interpret a PPM, including executive summary, business overview, investment terms, and risk factors.
Suitability Analysis
How to assess whether a private placement fits a customer's profile and FINRA's suitability requirements.
Customer Risk Profiling
Evaluating net worth, income, liquidity needs, investment experience, risk appetite, and financial goals.
Anti-fraud Provisions
Key anti-fraud rules such as Rule 10b-5, prohibited misrepresentations, false statements, and material omissions.
Prospecting & Solicitation
How to approach and identify suitable clients, marketing rules, and ensuring all communications comply with FINRA rules.
🎯 Outcome – What You Will Be Able to Do
By the end of the course, students can confidently solicit and communicate with prospective investors, explain and analyze private placement offerings, ensure client suitability and compliance, process and complete subscription transactions, and operate professionally as a Private Securities Offerings Representative.
Our Features – Premium Learning Experience
We provide a structured, high-quality learning system designed to help students confidently clear the Series 82 exam on the first attempt.
Complete Live Classes
Interactive live sessions with expert faculty, real-time Q&A, and learning through examples and case studies.
Recorded Classes for Revision
24/7 access to all class recordings for revising difficult topics and managing study schedules.
1-to-1 Mentorship Sessions
Personalized mentorship with individual doubt clarification, customized study plans, and performance reviews.
Full Syllabus Coverage
Complete coverage of the entire FINRA Series 82 syllabus with notes, examples, charts, and practical explanations.
Latest Exam-Based Teaching
Updated curriculum following recent FINRA updates, realistic practice questions, and current industry examples.
Regular Performance Monitoring
Weekly quizzes, chapter tests, full-length mock exams, and detailed performance reports.
Syllabus Details – Complete Breakdown
This section focuses on how representatives identify prospects, communicate investment opportunities, and follow ethical guidelines.
What You Will Learn:
- Prospecting for clients and identifying investor profiles
- Communicating private offering features
- Marketing rules and regulations
- Anti-fraud regulations and compliance
This part deals with evaluating a customer fiscally and legally before onboarding them for private offerings.
What You Will Learn:
- Collecting KYC details and customer due diligence
- Suitability requirements and investor accreditation
- Financial evaluation and risk assessment
- AML compliance and documentation
This is a core function where representatives educate clients, make recommendations, and maintain proper documentation.
What You Will Learn:
- Explaining PPM & subscription agreements
- Making suitable investment recommendations
- Understanding issuer operations and financials
- Recordkeeping and compliance documentation
This section deals with execution, verification, and reporting of private offering transactions.
What You Will Learn:
- Confirming client purchase instructions
- Trade processing and regulatory compliance
- Documentation handling and record maintenance
- Subscription agreement completion
Student Testimonials
"The classes were extremely clear and exam-focused. The private offerings section became very easy for me."
"Mock tests were exactly like the real exam. I cleared Series 82 on my first attempt."
"1-to-1 mentorship helped me understand suitability and financial profiling deeply."
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Frequently Asked Questions
The exam is moderate in difficulty, but focused preparation helps students clear it on the first attempt.
No. Sponsorship by a FINRA member firm is mandatory.
Yes, SIE is a corequisite.
Only private placement securities (Regulation D offerings).
1 hour 30 minutes.
50 questions, all multiple choice.
Yes, FINRA allows online proctored exams.
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