The Uniform Securities Agent State Law Examination is known more commonly as the Series 63 Exam. This test covers state securities regulations under the Uniform Securities Act, and you must pass it in order to qualify as a securities agent. The exams developed by NASAA and administered by FINRA. Here is our free Series 63 practice exam to help you determine if you are prepared.
Series 63 Exam Questions
A tombstone advertisement.
Advertising of the security in trade publications.
Sales of the security to accredited investors.
None of these are permitted.
I, III, IV
I, II, III, IV
Provides client testimonials.
Lists all stock picks made in the last 2 years.
Shows investment returns over a 12-month period.
States that past performance does not guarantee future results.
A 3-year old.
An 18-year old college student.
Someone deceased for less than 1 month.
Someone mentally incompetent.
Recommending securities which are not suitable for the client.
Making unauthorized transactions in a client's account.
Selling securities which are not approved for sale by the firm.
Accepting orders from an unauthorized third party.
Insurance company securities.
All of the above are exempt.
About the Series 63 Exam:
There are 60 questions and candidates have 1 hour and 15 minutes to complete the exam. A score of 72% is required to pass. The exam is challenging, so make sure you work through our Series 63 sample questions along with plenty of additional Series 63 practice questions.