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The Series 32 exam (or Limited Futures Exam - Regulations) is a test designed by the National Futures Association (NFA) and administered by the Financial Industry Regulatory Authority (FINRA) to help certified commodity futures traders in the United Kingdom and Canada extend their certification to the United States. It is an abridged version of the Series 3 exam that Americans take to become certified commodity traders. If you want a little help preparing for this test, Varsity Tutors can find you a qualified Series 32 tutor to help you reach toward your goals.
The Series 32 exam is computer-based and consists of 35 multiple-choice questions administered over 45 minutes. Topics include the U.S. Commodity Futures Trading Commission and its regulatory program, the NFA and its regulatory program, and regulatory requirements associated with security futures products, managed futures, Commodity Trading Advisors, and Commodity Pool Operators. There is a lot of rote memorization associated with learning all of these rules, but a private tutor can help you come up with handy memorization tricks to keep everything straight.