Series 63 Exam

Definition - What does Series 63 Exam mean?

The Series 63 Exam, also called the Uniform Securities Agent State Law Examination, is a qualification exam administered year round by the Financial Industry Regulatory Authority or FINRA. Successful completion of this exam certifies the candidate in question to work as a securities agent. This exam covers the principles of state securities regulations as they are reflected in the Uniform Securities Act. The purpose is of this exam to test candidates on knowledge of state law and regulations. The Series 63 exam is offered year round and can be taken throughout the US.

Cost for the Series 63 exam is $96.00. This is a 90 minutes exam that consists of 65 multiple-choice questions. To be successful a candidate must receive a score of 72% or better. There are no pre-requisites for this exam.

Testopedia explains Series 63 Exam

The Series 63 exam covers the knowledge required to be a securities agent as stated by the Uniform Securities Act. Candidates should know that this includes the later amendments adopted by NASAA which prohibit dishonest and unethical business practices.

Candidates taking the Series 63 Exam should realize that 5 out of the 65 questions they will answer do not count towards their final score. These are "pre-test" questions and will not be held against them in any way. Also, while this test is offered year round, it cannot be taken on Sundays. This is something to consider when choosing your testing date and locations.

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