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The Series 63 exam — the Uniform Securities State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA. The exam consists of 60 scored questions and 5 unscored questions. Candidates have 75 minutes to complete the exam. In order for a candidate to pass the Series 63 exam, they must ...
- What Is The Series 63?
- Understanding Series 63
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The Series 63 is a securities exam and license entitling the holder to solicit orders for any type of security in a particular state. To obtain a Series 63 license, the applicant must pass an exam and possess knowledge of ethical practices and fiduciaryobligations.
As of Dec. 2018, the North American Securities Administrators Association (NASAA), which creates the Series 63 exam, had updated its questions in light of recent changes to the tax code. Questions based on the 2018 tax code were phased out in January 2019. Questions for the Series 65 and Series 66 examswere also updated. The Series 63 (formally kno...
Exam Format
The Financial Industry Regulatory Authority (FINRA) administers the Series 63 exam. There are 60 multiple-choice questions on the exam. The passing score is 72% or 43 of the 60 questions. The candidate must complete the exam within the allotted time of 75 minutes. As of March 2020, it costs $135 to take the exam. The North American Securities Administrators Association (NASAA) developed the exam along with representatives of the securities industry. Candidates for the exam need to be familiar...
Exam Topics
The Series 63 exam covers the principles of state securities regulations and rules prohibiting dishonest or unethical practices. Some 45% of the questions pertain to regulations, 10% to administrative provisions, 20% to customer communication, and 25% to ethical practices and business obligations. The topics on the exam include registration of various persons and securities, and fiduciary responsibility with client funds and securities. For more, see NASSA's Test Specifications. Successfully...
The Series 63 is a securities exam and license for selling securities in most U.S. states. It costs $135 to take the exam, which covers state securities regulations and ethical practices.
- Julia Kagan
- 1 min
May 7, 2020 · What is the Series 63 License? How long is it good for? The Series 63 license, also known as the Uniform Securities Agent license, enables you to sell securities in a particular state.
Mar 19, 2024 · Table Of Contents. show. What is the Series 63 exam. Who takes the Series 63 exam? What can you do with Series 63 license? Series 63 vs 65 vs 66. Series 63 overview. Content of the Series 63. How much does the Series 63 cost. Series 63 pass rate. Is the Series 63 hard? How to prepare for the Series 63. How to take the Series 63.
Jan 28, 2024 · Step 2: Register With FINRA or File Form U4. Independent candidates must register with FINRA using the Test Enrollment Services System (TESS) to file an exam request. Candidates with firm sponsorships must file Form U4 with FINRA. Pay the Series 63 exam costs of $147.
May 23, 2024 · The Series 63 (Uniform Securities Agent State Law) Securities License is a license regulated by the North American Securities Administrators Association (NASAA). The Series 63 is the partner license to the Series 6 and other securities licenses and is used by insurance sales professionals and financial advisors.
