Series 63

Series 63

Offered by NASAA (administered by FINRA)

The Series 63 (Uniform Securities Agent State Law Examination) is the NASAA exam most states require of broker-dealer agents, in addition to FINRA exams...

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Series 63 exam at a glance

Format

65 multiple-choice questions (60 scored + 5 unidentified pretest)

Duration

75 minutes

Delivery

Prometric test center (FINRA-administered)

Passing score

43 of 60 scored questions correct

Exam cost

$147 USD

Validity

Tied to registration; NASAA's Exam Validity Extension Program (EVEP) may extend exam validity up to five years in adopting states if you complete required CE

Prerequisites

Typically sponsorship by a broker-dealer (Form U4); confirm your state's agent-exam combination (often SIE + Series 7 + Series 63)

About the Series 63 certification

The Series 63 (Uniform Securities Agent State Law Examination) is the NASAA exam most states require of broker-dealer agents, in addition to FINRA exams such as the SIE and Series 7. It tests the Uniform Securities Act, dishonest-and-unethical practices, and state-level regulation of securities professionals.

FINRA administers the exam at Prometric. You typically need firm sponsorship via Form U4 to sit it as part of agent registration.

Who it’s for: Broker-dealer agents registering to solicit securities at the state level.

Official exam page· Details verified 2026-08

What the Series 63 exam covers
  • Regulation of Broker-Dealers
    12%
  • Regulation of Broker-Dealer Agents
    13%
  • Ethical Practices and Obligations
    25%
  • Communication with Customers and Prospects
    20%
  • Regulation of Securities and Issuers
    9%
  • Regulation of Investment Advisers
    5%
  • Regulation of Investment Adviser Representatives
    5%
  • Remedies and Administrative Provisions
    11%
How to study for the Series 63
  1. 1Confirm your state requires Series 63 (most do for BD agents).
  2. 2Study the Uniform Securities Act and NASAA statements of policy on unethical practices.
  3. 3Prioritize ethics and customer communications — together 45% of the exam.
  4. 4Use the official NASAA Series 63 study guide / content outline.
  5. 5Sit timed 75-minute practice tests targeting at least 43/60.
Series 63 — frequently asked questions

Is Series 63 enough to sell securities?

No. It is the state-law exam. You still need the FINRA registration exams your function requires (typically SIE and Series 7 for a general securities representative) and a sponsoring firm.

Series 63 or Series 66?

Series 66 combines state agent and investment-adviser-representative law and is used when you also hold the SIE and Series 7. Series 63 is the agent-only state exam.