Series 63 – Uniform Securities Agent State Law

Series 63 – Uniform Securities Agent State Law

Online prep class for the NSAA Series 63 exam

SKU# COURSE-FIN-S63.1


Details

A securities license entitling the holder to solicit orders for any type of security in a particular state. Securities agents must acquire the Series 63 license, in addition to a Series 7 or Series 6 license, in order to sell securities. To obtain a Series 63 license, the applicant must pass an exam to demonstrate knowledge of state securities acts and related rules and regulations, as well as knowledge of ethical practices and fiduciary obligations. The Series 63 exam was developed by the North American Securities Administrators Association (NASAA) and is also called the "Uniform Securities Agent State Law Examination." It is administered by the Financial Industry Regulatory Authority (FINRA) and mainly covers state laws and regulations. Test-takers also need to be familiar with the Uniform Securities Act and the NASAA's Statements of Policy and Model Rules. The exam has 65 questions, of which 60 are scored and at least 43 must be answered correctly for the applicant to pass.