Series 63 – Uniform Securities Agent State Law
Series 63 – Uniform Securities Agent State Law
FINRA Series 63 - Uniform Securities Agent State Law
The Series 63 exam — the Uniform Securities State Law Examination is a North American Securities Administrators Association (NASAA) exam administered by FINRA. 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 fiduciary obligations
Who should take the exam?
Candidates aspiring to become a securities sales agent, an investment banker, a broker or another professional within the securities industry, then you will most likely need to become licensed through FINRA – The Financial Industry Regulatory Authority. Some of these professions include-
- Financial Advisers
- Investment Bankers
- Financial Services Sales Agents
- Securities Sales Representatives
- Insurance Agents
- Financial Analysts
- Futures Traders
- Investment Advisers
- Commodity Trading Advisors
- Equity Traders
- Retail Broker-Dealers
- Stock Brokers
Course Outline
The important topics covered in this exam are:
- Regulation of Investment Advisers Including State-Registered and Federal Covered Advisers 5%
- Regulation of Investment Adviser Representatives 5%
- Regulation of Broker-Dealers 15%
- Regulation of Agents of Broker-Dealers 15%
- Regulation of Securities and Issuers 5%
- Remedies and Administrative Provisions 10%
- Communication with Customers and Prospects 20%
- Ethical Practices and Obligations 25%
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Exam Format and Information
Exam Name Uniform Securities Agent State Law | Exam Code Series 63 |
| Exam Duration 75 mins | Exam Format Multiple Choice Questions |
| Exam Type Professional | Number of Questions 60 Questions |
| Eligibility/Prerequisite As suggested | Exam Fee $135 USD |
| Exam Language Eglish | Pass Score 43/60 |
Series 63 – Uniform Securities Agent State Law FAQs
Is there a waiting period if I fail the Series 63 ?
The waiting period for the Series 63 is the same as FINRA’s other exams. After the first and second failed attempts, there will be a 30-day waiting period. After the third failed attempt, there will be a 180-day waiting period. For any attempts after the third attempt, there is also a 180-day waiting period between each exam.
How many questions will there be on the exam?
FINRA certification contains 60 questions which need to be completed in 75 minutes.
How much time will be given to complete the FINRA Series 63 exam?
You will get 75 minutes to complete the exam.
How much does the FINRA Series 63 exam cost?
This exam will cost you $135 USD including the additional taxes.
What is the FINRA Series 63 exam?
The Series 63 exam — the Uniform Securities State Law Examination — is a North American Securities Administrators Association (NASAA) exam administered by FINRA. NASAA is in the process of updating questions on the Series 63, 65, and 66 exams in light of the recently enacted SECURE Act.
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 fiduciary obligations
Who are the intended audience for the FINRA Series 63 exam?
Candidates aspiring to become a securities sales agent, an investment banker, a broker or another professional within the securities industry, then you will most likely need to become licensed through FINRA – The Financial Industry Regulatory Authority.
What score is needed to pass the Series 63?
The passing score for the Series 63 -he/she must correctly answer at least 43 of the 60 scored questions.
How old do I have to be to take the Series 63 ?
You must be 18 years or older to take the SIE.
If I pass a FINRA exam, do I still have to take the Series 63 exam?
Most states require the Uniform Securities Agent State Law (Series 63) Exam for individuals who will transact a securities business. This qualification requirement adds onto FINRA's requirements.
What is the cost of the Series 63 exam?
The cost of the Series 63 exam is $135.
What are the main areas to cover in the FINRA Series 63 exam?
In this exam the main highlighted areas are:
• Regulation of Investment Advisers Including State-Registered and Federal Covered Advisers 5%
• Regulation of Investment Adviser Representatives 5%
• Regulation of Broker-Dealers 15%
• Regulation of Agents of Broker-Dealers 15%
• Regulation of Securities and Issuers 5%
• Remedies and Administrative Provisions 10%
• Communication with Customers and Prospects 20%
• Ethical Practices and Obligations 25%
Can I try the free exam before purchasing the whole practice test?
Testpreptraining gives you the option to take a free practice test with different and unique questions before purchasing the complete test.
Can I have access to practice sets even after the training is over at Testpreptraining?
Yes, you will be given access to the practice sets which will be available once you have registered for the course.
Other than mock exams & questions, is there any further assistance I can get from TestprepTraining?
You will get full assistance in any query related to the FINRA Series 63 exam when you prepare with our test series. There is a team of experts who will handle your query.
If I need to cancel my enrollment, can I get a refund?
Yes, you can cancel your enrollment if necessary. We will refund the course price after deducting an administration fee. For more information regarding this you can contact us at our Helpdesk.
How can I pass the FINRA Series 63 exam in my first attempt?
Testpreptraining training course is designed to give you all of the skill-sets necessary to successfully complete the required projects and help you pass the FINRA Series 63 exam in your first attempt.
Do TestprepTraining provide any preparation guidance for this certification exam?
Yes, you will be provided with full assistance with our team of experts, who keeps on updating the tips and tricks regarding the exam on our blog.
How Testpreptraining will help in preparations for FINRA Series 63 exam certification exam than any other websites?
At Testpreptraining you will get a Unique set of questions shuffled with different levels which will help you check your skills and weak areas. Doing these questions will increase your knowledge to score better in the exam.