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Series 63 – Uniform Securities Agent State Law Exam

Series 63 – Uniform Securities Agent State Law Exam

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Series 63 – Uniform Securities Agent State Law Exam

The Uniform Securities Agent State Law Examination, commonly referred to as the Series 63 exam, was collaboratively developed by NASAA in partnership with representatives from the securities industry and related associations.

This examination aims to certify candidates as securities agents by assessing their understanding of the principles outlined in state securities regulation as per the Uniform Securities Act, along with the amendments endorsed by NASAA and regulations aimed at preventing dishonest and unethical business practices. Its purpose is to serve as a benchmark for state securities administrators in evaluating an applicant's comprehension and familiarity with state laws and regulations.

Who should take the exam?

The target audience for the Series 63 – Uniform Securities Agent State Law exam consists of:

  • Individuals aiming to become registered representatives within a specific state and offer investment products like mutual funds, variable annuities, and unit investment trusts.
  • Financial Advisors
  • Investment Bankers
  • Securities Sales Representatives
  • Insurance Agents
  • Financial Analysts

Exam Course Outline 

The Exam covers the given topics  - 

  • Domain 1: Regulations of Investment Advisers, Including StateRegistered and Federal Covered Advisers 5%
  • Domain 2: Understand the Regulations of Investment Adviser Representatives 5%
  • Domain 3: Learn about Regulations of Broker-Dealers 12%
  • Domain 4: Regulations of Agents of Broker-Dealers 13%
  • Domain 5: Regulations of Securities and Issuers 9%
  • Doman 6: Remedies and Administrative Provisions 11%
  • Domain 7: Communication with Customers and Prospects 20%
  • Domain 8: Ethical Practices and Obligations 25%

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Series 63 – Uniform Securities Agent State Law Exam FAQs

This exam will cost you $135 USD including the additional taxes.

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.

FINRA certification contains 60 questions which need to be completed in 75 minutes.

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%

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.

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

The cost of the Series 63 exam is $135.

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.

The passing score for the Series 63 -he/she must correctly answer at least 43 of the 60 scored questions.

You must be 18 years or older to take the SIE.

You will get 75 minutes to complete the exam.

At skillr 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.

Skillr 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.

Skillr gives you the option to take a free practice test with different and unique questions before purchasing the complete test.

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.

Yes, you will be given access to the practice sets which will be available once you have registered for the course.

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.

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.