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Good material goes stale fast in IT. ActualTestsIT checks for Series63 updates every day and automatically sends the latest version to your mailbox — free for a full year after purchase, keeping your FINRA Uniform Securities Agent State Law Examination preparation aligned through 2026.

FINRA Series63 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Prohibited Practices and Ethical Obligations20%- Fraudulent and unethical business conduct
- Disclosure and fair dealing
- Administrative remedies and enforcement
Topic 2: Regulations of Investment Advisers and Representatives15%- Registration and exclusions
- Advertising and recordkeeping rules
- Fiduciary duties and disclosure requirements
Topic 3: Regulations of Agents and Broker-Dealers25%- Registration requirements and exemptions
- Supervision and compliance responsibilities
- Recordkeeping and reporting obligations
Topic 4: State Securities Acts and Related Rules & Regulations40%- Registration of securities and exemptions
- Regulation of broker-dealers and agents
- Definitions and jurisdiction
- Regulation of investment advisers and representatives

Series63 Exam FAQ: Answers Before You Book

Sign up through FINRA's official registration channels:

The exam itself is delivered via Computer-based testing at Prometric test centers, so pick the delivery option that suits you when booking.

No formal prerequisites; often taken after SIE Exam; sponsorship not required for registration These requirements belong to FINRA and may be revised, so check the current rules on the official exam page: https://www.finra.org/registration-exams-ce/qualification-exams/series63 before committing to a FINRA Uniform Securities Agent State Law Examination registration.

The FINRA Uniform Securities Agent State Law Examination exam contains 65 (60 scored, 5 unscored) questions within 75 minutes. Knowing the content matters, but the clock decides who finishes — practice committing and moving on. Full-length timed sessions in the ActualTestsIT test engine are the most direct way to rehearse that discipline before the real Series63 exam.

FINRA spreads the FINRA Uniform Securities Agent State Law Examination syllabus over 4 areas, with Prohibited Practices and Ethical Obligations (20%), Regulations of Agents and Broker-Dealers (25%), State Securities Acts and Related Rules & Regulations (40%) carrying the most weight. Study proportionally to those shares — the complete outline is in the section above this page.

Yes — ActualTestsIT offers a free demo with real FINRA Uniform Securities Agent State Law Examination sample questions and answers. Download it first; purchase the full product only when you are satisfied with what you see. After buying, 365 days of free updates are included — once that year ends, renew the update service at a 50% discount from your member zone.

The Series63 exam is FINRA's official certification test — pass it and the Uniform Securities Agent State Law License certificate is yours, a credential at the Entry Level level. It exists to measure practical IT skills objectively, which is why hiring managers treat it as a reliable benchmark — and why candidate numbers keep rising. It also relates to SIE, Series 6, Series 7, Series 65, Series 66, so the value compounds as you progress.

One FINRA Uniform Securities Agent State Law Examination attempt costs $147 USD, with 43/60 (72%) required to pass. Retakes charge the full fee again, so passing on your own terms means walking in overprepared. Use ActualTestsIT practice questions until timed mock scores clear 43/60 (72%) comfortably, then book the Series63 exam.

Two steps complete your order, and your Series63 product is emailed to your mailbox within one minute of payment — download the attachment and start studying. If nothing arrives within 2 hours, check spam and contact support for an immediate resend. On failure: the refund policy applies when you sat the corresponding Series63 exam within 60 days of purchase. Submit a scanned enrollment slip and the official Score Report PDF within 2 days after the exam, and the refund is processed within 7 days. Excluded are attempts within 3 days of purchase, exams never actually taken, free materials, and expired orders — and the candidate name must match the payer name. Prefer to continue preparing? Exchange your product for two free exam products of equal value, keeping the update service on your original purchase.

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Once the training is done, measure it with the 251 practice questions for the Series63 exam from ActualTestsIT — the test engine simulates the real exam environment so there are no surprises.

FINRA Uniform Securities Agent State Law Examination Sample Questions:

Under the NASAA Model Rules, which of the following must an investment adviser provide its clients with at least once a year?

  • A. both A and B
  • B. the total number of agency cross transactions completed for the client during the period
  • C. the number of any complaints that each of its investment adviser representatives has received during the period
  • D. the total amount of commissions or other compensation that the investment adviser received or expects to receive in connection with agency cross transactions performed for the client during the period
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

Which of the following statements is false?

  • A. A state cannot require a higher minimum net capital for investment advisers than the amount specified by the Investment Advisers Act of 1940.
  • B. None of the above statements is false; all are true statements.
  • C. A state cannot require a higher minimum net capital for broker-dealers than the amount specified by the Securities Exchange Act of 1934.
  • D. The minimum net capital requirement for investment advisers that take custody of their clients' assets is higher than the net capital requirement for advisers who do not take custody of the assets.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

In an arrangement between MoeMoney Investment Advisers and one of the firm's clients, the YourMoney mutual fund, part of MoeMoney's compensation is based how the fund performs compared to the S&P 500 Index. If the return on the fund exceeds the return on the index, MoeMoney gets a bonus. The S&P 500 had a return of negative 8% this year, and the fund returned a negative 2%, so MoeMoney invoiced the client for the bonus.
Has MoeMoney violated any securities laws?

  • A. No. The fund beat the return on the S&P 500 Index, so MoeMoney is entitled to the bonus, based on its agreement with YourMoney.
  • B. Yes. It is a violation of the Uniform Securities Act for an investment adviser to earn a bonus if a portfolio it manages loses money.
  • C. Yes. Under no circumstances can a bonus be part of an investment adviser's compensation package according to the Uniform Securities Act.
  • D. Yes. An investment adviser's compensation cannot be based on the capital appreciation of the portfolio.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

You are an investment adviser representative. Your client, Mr. I. M. Pulse, calls you with what he thinks is exciting news. He just passed a restaurant and saw Microsoft's Bill Gates having lunch with a local entrepreneur who owns a small firm in the computer software industry that trades on the OTC pink sheets. He is sure that this means Microsoft is negotiating a purchase of the smaller company and instructs you to take the cash balance in his account and buy shares of the local company. You should

  • A. advise Mr. Pulse that he may be jumping the gun, but place the order if he insists.
  • B. tell Mr. I.M. Pulse that this would be an illegal insider trade and that you are unable to fulfill his request.
  • C. call your supervisor and alert him immediately of Mr. Pulse's attempt to have you place an illegal order on his behalf in case Mr. Pulse decides to place the order elsewhere.
  • D. do both A and B.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

Ms. Connie Fused sent her investment adviser a check, payable to a mutual fund that he had recommended to her.
What must the adviser do in order to avoid being considered the custodian of this account and, thereby, subject to some strict requirements, including a higher minimum net capital?

  • A. He needs to forward the check to the mutual fund within 24 hours.
  • B. He needs to get a written statement from Ms. Fused, addressed to the state Administrator, indicating it was her mistake.
  • C. He needs to forward the check to the mutual fund within 3 days.
  • D. He needs both to forward the check within 24 hours and to obtain a written statement from Ms. Fused.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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