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FINRA Series_63 Questions & Answers - in .pdf

Series_63 pdf
  • Total Q&A: 255
  • Update: Aug 16, 2026
  • Price: $59.99
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  • Vendor: FINRA
  • Exam Code: Series_63
  • Exam Name: Uniform Securities Agent State Law Examination
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FINRA Series_63 Q&A - Testing Engine

Series_63 Study Guide
  • Total Q&A: 255
  • Update: Aug 16, 2026
  • Price: $59.99
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  • Vendor: FINRA
  • Exam Code: Series_63
  • Exam Name: Uniform Securities Agent State Law Examination
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FINRA Series_63 Exam Overview:

Certification Vendor:NASAA / FINRA
Exam Name:Uniform Securities Agent State Law Examination
Exam Number:Series 63
Related Certifications:FINRA Securities Industry Essentials (SIE)
FINRA Series 7
FINRA Series 66
FINRA Series 65
Real Exam Qty:65 (60 scored + 5 unscored)
Available Languages:English
Exam Format:Multiple-choice
Certificate Validity Period:No fixed expiration, typically valid for 2–5 years depending on state registration rules
Passing Score:43 out of 60 scored questions (72%)
Exam Price:USD 147
Exam Duration:75 minutes
Sample Questions:FINRA Series_63 Sample Questions
Exam Way:Delivered at Pearson VUE testing centers; online remote testing may be available in limited accommodations.
Pre Condition:There are no strict prerequisites, but many candidates sit Series 63 after passing the SIE and/or Series 7. State registration is required for securities agent qualification.
Official Syllabus URL:https://www.finra.org/registration-exams-ce/qualification-exams/series63

FINRA Series_63 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Regulation of Investment Advisers and Representatives- Investment Adviser Representatives
  • 1. Post-registration obligations
  • 2. IAR registration requirements
- Investment Adviser registration
  • 1. De minimis exemption
  • 2. State vs federal covered advisers
Topic 2: State Securities Acts and Related Rules60%- Administrator Powers
  • 1. Rulemaking and investigations
  • 2. Cease and desist orders and enforcement
- Uniform Securities Act principles
  • 1. Registration of securities and exemptions
  • 2. State jurisdiction and definitions
Topic 3: Ethical Practices and Fiduciary Obligations40%- Client-related rules
  • 1. Client funds and securities handling
  • 2. Disclosure and suitability principles
- Ethics in securities business
  • 1. Anti-fraud provisions
  • 2. Fiduciary duties and conflicts of interest
Topic 4: Regulation of Broker-Dealers and Agents- Broker-Dealer definitions and requirements
  • 1. BD registration criteria
  • 2. Agent registration criteria
- Agent conduct and obligations
  • 1. Customer communications
  • 2. Compensation and transaction rules

FINRA Uniform Securities Agent State Law Examination Sample Questions:

1. Big Bo is an investment adviser representative who has a lot of the members of a well-known professional
football team as clients. In advertising his services, Big Bo can

A) use testimonials from any of the players who willingly provide them without compensation.
B) list the names of the players he's advising as long as he has their written permission to do so.
C) list the names of the players he's advising as long as he lists the names of all his other clients, too.
D) list the names of the players he's advising as long as he doesn't provide any other specifics, such as
the amount each one has invested with him.


2. Under the 2002 Uniform Securities Act, registration by coordination allows:

A) both state-registered and out-of-state investment bankers to participate in the underwriting and
registration of a new security issue.
B) securities that do not fall within the category of federal covered securities to be registered
simultaneously with the SEC and with the states in which the securities will be offered for sale.
C) issuers of federal covered securities to submit only a notice filing with the Administrator of states in
which the securities will be offered for sale.
D) federal covered securities to be registered simultaneously with the SEC and with the states in which
the securities will be offered for sale.


3. Which of the following is not considered to be a person, as defined by the Uniform Securities Act?

A) a law firm that is organized as a partnership
B) a school district
C) a 16-year old cheerleader
D) a corporation


4. Erin is a registered agent who works for SecureMoney Brokers-dealers. One of her clients, Mrs. McTurk,
is a recently-widowed woman who relies on Erin for advice about her investment portfolio. Mrs. McTurk
reminds Erin of her own grandmother, and she is happy to provide guidance within the sphere of her own
knowledge. Based on these facts, which of the following statements is true?

A) SecureMoney Broker-dealers must register as an investment adviser since one of its employees is
providing investment advice.
B) SecureMoney Broker-dealers must register as an investment adviser since one of its employees is
providing investment advice, and Erin must register as an investment adviser representative as the firm's
employee.
C) Erin must register as an investment adviser since she is providing investment advice.
D) Neither SecureMoney Broker-dealers nor Erin must register as an investment adviser based on the
facts provided.


5. Which of the following documents must a broker-dealer deliver on or prior to the confirmation due date to
a client who is purchasing a security?

A) a hypothecation agreement
B) a final prospectus
C) a preliminary prospectus
D) a margin agreement if the purchase is being made on margin


Solutions:

Question # 1
Answer: B
Question # 2
Answer: B
Question # 3
Answer: C
Question # 4
Answer: D
Question # 5
Answer: B

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Series_63 Related Exams
Series7 - General Securities Representative Examination (GS)
Series6 - Investment Company and Variable Contracts Products Representative Examination (IR)
Related Certifications
General Securities Representative
Uniform Securities State Law
FINRA Certification