After the first or second time a candidate fails the Series 79 exam, there is a mandatory 30 day waiting period before they can take the exam again. After the third (and subsequent) fails, the waiting period increases to 180 days. Your company must re-sponsor you before you sit down for any retakes. The $395 exam fee applies each time they take the exam.

If you are interested in a broader range of securities supervision, the Series 24 exam is the next logical step. This would certify you as a General Securities Principal, giving you the ability to supervise a more comprehensive range of securities activities. For those with a keen interest in municipal securities, the Series 52 or Series 53 exams would be good additions.