FINRA Series 63 – Exam Information

This exam is administered by NASAA, The North American Securities Administrators Association. Upon successful completion of the Series 63, an individual will have the qualifications needed to conduct securities business in various states.

Enrollment Fee:

$96 US. Note that this is the examination enrollment fee ONLY–other fees may also apply.

Prerequisite:

There are no prerequisites for registration. If registering as an individual, you must complete Form U-10.

Format:

Multiple Choice

Number Of Questions:

Objective
# Questions
% of Questions
Regulation of Investment Advisers:
  
  
Including State-Registered and Federal Covered Advisers
3
5%
Regulation of Investment Adviser Representatives
3
5%
Regulations of Broker Dealers
9
15%
Regulation of Securities and Issuers
3
5%
Remedies and Administrative Provisions
6
10%
Communications with Customer and Prospects
12
20%
Ethical Practices and Obligations
15
25%
TOTAL
60
100%

 

Each candidate will be allowed 75 minutes to complete the examination. This time limit has been designed to provide enough time for all candidates to complete the exam. A score of 72% or higher is required to pass the Series 63 exam.

 

The examination is conducted as a closed book test. Upon completion of the examination, the score for each section and the overall test score will immediately be made available to the candidate.