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What is a series 63 license?
Do you need a series 63 license to sell securities?
Should I get a series 7 or 63 license?
What is a series 63 exam?
May 3, 2023 · Learn about the different types of securities licenses, such as Series 7, Series 63, Series 65, and Series 66, and how to get them. Compare the exams, requirements, and career paths for each license.
May 23, 2024 · Keep in mind that the Series 7 license is ideal for those looking to operate broadly in the securities industry, while Series 63 is targeted at those who need to meet state-specific regulations. Both certifications have their unique importance depending on your career ambitions.
If you obtained a General Securities Representative (Series 7) registration prior to November 7, 2011, you will be able to trade municipal securities, structure municipal securities underwritings and perform certain other activities involving municipal securities.
The question of whether a particular person is required to obtain a series 63 license is a specific facts and circumstances analysis, and ultimately would be answered by state law or regulations of each individual state involved.
1. Enroll for an Exam. 2. Schedule an Exam. 3. On the Day of Your Exam. 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.
To take the Series 7 Exam, a candidate must be sponsored by a FINRA member firm, which will file the Uniform Application for Securities Industry Registration or Transfer (Form U4) in the Central Registration Depository (CRD) and pay the required examination fee. Content.
