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FINRA Series_63 Exam Overview:

Certification Vendor:FINRA / NASAA
Exam Name:Uniform Securities Agent State Law Examination
Exam Number:Series 63
Exam Price:$147 USD
Real Exam Qty:65 (60 scored + 5 unscored pretest)
Available Languages:English, Spanish
Exam Format:Multiple-choice (4 options), Computer-based
Passing Score:72% (43 out of 60 scored questions)
Certificate Validity Period:Indefinite while active in industry; may be extended via EVEP
Exam Duration:75 minutes
Related Certifications:Series 6
Series 65
SIE
Series 7
Series 66
Recommended Training:FINRA Study Resources
NASAA Official Content Outline
Exam Registration:FINRA Series 63 Page
Prometric Scheduling
NASAA Exam Portal
Sample Questions:FINRA Series_63 Sample Questions
Exam Way:In-person at Prometric test centers; online proctored option available in some regions
Pre Condition:No mandatory prerequisites; often taken alongside SIE, Series 6 or Series 7; no firm sponsorship required for U10 registration
Official Syllabus URL:https://www.finra.org/registration-exams-ce/qualification-exams/series63

FINRA Series_63 Exam Syllabus Topics:

SectionWeightObjectives
Regulations of Investment Advisers5%- Registration and exemptions
- Recordkeeping and reporting rules
- Definition under Uniform Securities Act
Regulations of Investment Adviser Representatives5%- Exclusions and exemptions
- Definition and activities requiring registration
- Registration and post-registration duties
Ethical Practices and Fiduciary Obligations40%- Anti-fraud provisions and misrepresentation
- Prohibited business practices
- Customer suitability and disclosure
- Advertising and communication rules
- Handling of customer funds and securities
- Conflicts of interest and compensation
Administrative Provisions and Remedies15%- Civil and criminal liabilities
- Investigations, subpoenas, and orders
- Judicial review and appeals
- Powers of state securities administrators
Regulations of Agents of Broker-Dealers13%- Definition and scope of activities
- Registration procedures and Form U4
- Exemptions from registration
- Termination and notice requirements
Regulations of Securities and Issuers10%- Registration methods: coordination, qualification, filing
- Definition of securities
- Disclosure and anti-fraud requirements
- Exempt securities and exempt transactions
Regulations of Broker-Dealers12%- Supervision and compliance obligations
- Definition and legal status
- Exclusions and exemptions from registration
- Registration and post-registration requirements

Series_63 Exam FAQ: What Candidates Ask Most

The FINRA Series_63 exam, officially titled Uniform Securities Agent State Law Examination, is the required test for earning the Uniform Securities Agent State Law Qualification certification, a credential at the Entry / State Level Qualification level. Passing it validates the skills FINRA expects from certified professionals, and it can also support progress toward related credentials such as SIE, Series 6, Series 7, Series 65, Series 66.

The Series_63 exam includes 65 (60 scored + 5 unscored pretest) questions, and you have 75 minutes to complete it. Before exam day, divide the available time by the question count so you know the pace you need to hold, and practice flagging time-consuming items for review instead of stalling on a single question. Timed sessions in the Actualtests4sure test engine are the easiest way to build that rhythm before it counts.

You need 72% (43 out of 60 scored questions) to pass the Series_63 exam, and the official registration fee is $147 USD. Keep in mind that a failed attempt means paying that fee in full again for a retake, so avoid booking your seat on a hunch. Work through the Actualtests4sure practice test until your scores sit comfortably above the passing requirement before you schedule the exam.

FINRA asks candidates to meet the following requirement before registering: No mandatory prerequisites; often taken alongside SIE, Series 6 or Series 7; no firm sponsorship required for U10 registration. Exam policies do change, so confirm the latest details on the official exam page at https://www.finra.org/registration-exams-ce/qualification-exams/series63 before you book.

You can book your seat through the official registration channels below:

The Series_63 exam is delivered in the following format: In-person at Prometric test centers; online proctored option available in some regions.

FINRA recommends the following official training for this exam:

A course builds the theory; practice turns it into exam-day performance. Once you finish a class, the 255 practice questions from Actualtests4sure show you how the same knowledge appears in exam-style items.

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The FINRA Uniform Securities Agent State Law Examination exam is organized into 7 major domains. Some of the key domains include:

  • Administrative Provisions and Remedies, accounting for 15% of the exam
  • Regulations of Securities and Issuers, accounting for 10% of the exam
  • Regulations of Investment Advisers, accounting for 5% of the exam

Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.

FINRA Uniform Securities Agent State Law Examination Sample Questions:

Question 1

To say a security is "exempt," means that
I. it is exempt from the state's anti-fraud laws.
II. it is exempt from state registration requirements.
III. any transaction involving it is considered to be an exempt transaction.

A. I and II only
B. II and III only
C. I, II, and III
D. II only


Question 2

Which of the following is not a security, as defined by the Uniform Securities Act?
I. an option contract
II. a futures contract on gold
III. a 401K plan
IV. a variable annuity

A. Only Selection III is not a security.
B. Selections II, III and IV are not securities.
C. None of the selections listed are securities.
D. Only Selections II and III are not securities.


Question 3

An investment adviser may act as a custodian for a client's securities if
I. the Administrator of the state doesn't have a rule prohibiting custodial arrangements.
II. he informs the state Administrator in writing that he will be acting as a custodian for the client.
III. he arranges to pay an independent certified public accountant to perform an unannounced audit of his
books each year so that the accountant can report his findings to the state Administrator.

A. I and II only
B. I only
C. I, II and III
D. I and III only


Question 4

Which of the following is a security as defined by the Uniform Securities Act (USA)?

A. a futures option contract on wheat
B. a term life insurance policy
C. Both A and B are securities as defined by the Uniform Securities Act.
D. a debenture


Question 5

Ms. Muffet is employed by Spyder Broker-Dealers. Her job duties include providing price quotes and
executing purchases and sales for the firm's clients. She is paid a salary plus commission. Ms. Muffet is

A. an agent.
B. an investment adviser.
C. an investment adviser representative.
D. a broker-dealer.


Solutions:

Question 1
Answer: D
Question 2
Answer: D
Question 3
Answer: C
Question 4
Answer: C
Question 5
Answer: A

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