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.
The Series 63 exam covers the knowledge required to be a securities agent as stated by the Uniform Securities Act. Candidates should make sure that they are farmilar with 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, most exam centers are not open Sundays. This is something to consider when choosing your testing date and locations. The series 63 exam is as much a reading exam as it is a knowledge exam. Make sure you read the question carefully prior to trying to answer the question. Pay particular attention to the registration issues relating to issuers, firms and agents as these are traditionally the areas that are most challenging for candidates taking the series 63 exam. Make sure you are ready to pass your series 63 exam with our greenlight money back guarantee.