Series 63 Study Guide + Question Bank

Series 63 Study Guide + Question Bank (Online)

Prep for the NASAA Series 63 — Uniform Securities Agent State Law Examination with 600+ exam-style questions, chapter quizzes, mini exams, and full-length practice finals. Self-paced online prep focused on state regulation, registration rules, prohibited practices, and the Uniform Securities Act.

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Instant digital access • Mobile + desktop friendly • Progress tracking • Built for exam-style testing

What you get with the Series 63 Study Guide

  • 600+ exam-style practice questions across the full Series 63 outline
  • 18 chapters mapped to the NASAA Series 63 content outline
  • Learn / Apply / Master chapter quizzes (10 questions each) for every chapter
  • Concepts Quiz (40 questions) covering all chapters for quick review
  • 2 Mini Exams (30 questions each) for timed practice
  • 2 full-length Final Practice Exams (60 questions each) matching exam length and structure
  • Heavy coverage of fraud, prohibited practices, and Administrator authority (the highest-weighted areas)
  • Progress tracking by chapter and difficulty to target weak areas fast
  • Clear explanations focused on what NASAA actually tests
  • No Series 7 required — Series 63 is a stand-alone state exam

What you'll study

Organized to match how the Series 63 is structured — broker-dealer and agent registration, then ethics and the Uniform Securities Act, with heavy focus on prohibited practices and Administrator authority.

Function 1 - 12% (7 questions)

Regulation of Broker-Dealers

  • Broker-dealer definition under USA § 401
  • State registration requirements and exemptions
  • Federal covered broker-dealers and SEC oversight
  • Supervisory obligations and Form BD
  • Recordkeeping and net capital basics

Function 2 - 13% (8 questions)

Regulation of Broker-Dealer Agents

  • Agent definition under USA § 401
  • Registration requirements and exemptions
  • Form U4 — registration, amendments, and disclosure
  • BrokerCheck and public disclosure
  • Payments to unregistered persons (prohibited)
  • Termination and transfer of registration

Function 3 - 25% (15 questions)

Regulation of Investment Advisers

  • Investment adviser definition and federal vs. state coverage
  • Dodd-Frank thresholds — federal covered vs. state-registered
  • Form ADV and notice filing
  • Custody, fees, and contract requirements
  • Brochure delivery and ongoing disclosure

Function 4 - 20% (12 questions)

Regulation of Investment Adviser Representatives (IARs)

  • IAR definition and registration requirements
  • Supervision under USA
  • NASAA Model Rules for IARs
  • Solicitor rules and cash referral payments
  • Communications, advertising, and social media

Function 5 - 9% (5 questions)

Regulation of Securities and Issuers

  • Security definition and the Howey test
  • Registration by coordination, qualification, and notice filing
  • Federal covered securities and exemptions
  • Exempt transactions under USA
  • Underwriters, issuers, and non-issuer transactions

Function 6 - 11% (7 questions)

Ethical Practices and Obligations

  • Fraud, manipulation, and material misrepresentations
  • Suitability and Regulation Best Interest (Reg BI)
  • NASAA Dishonest and Unethical Practices for BDs and agents
  • Insider trading and selling away
  • Customer accounts — discretion, margin, options approval
  • Communications with the public and privacy obligations

Function 7 - 10% (6 questions)

Administrative Provisions and Remedies

  • Administrator powers — investigations, subpoenas, injunctions
  • Civil and criminal penalties under USA
  • Statute of limitations and rights of action
  • Cease-and-desist orders and license revocation
  • SIPC, antifraud provisions, and customer protection

What students say

The USA definitions can blur together fast, but the explanations made the differences between agents, broker-dealers, and IARs click. Passed on my first attempt.

— Reese A.

The prohibited practices and fraud questions felt very close to the real exam. By the time I sat for it, the wording wasn't a surprise anymore.

— Jordan M.

The Learn / Apply / Master structure made the dense state-law material manageable. I knew exactly which chapters needed another pass before test day.

— Sasha P.

Clear coverage of Administrator authority and the remedies sections — areas I kept missing in other materials. Walked in confident and passed first try.

— Quinn V.

GET INSTANT ACCESS

Series 63 Study Guide + Question Bank

$39.99

  • Includes: Online study material + 600+ question bank + 2 mini exams + 2 full-length practice finals
  • Access: 6 month access to the study material
  • Start studying immediately after purchase - no waiting.
Get Instant AccessSee what's included

Frequently asked questions

  • You'll have access for 6 months starting immediately after purchase.

About the Series 63 — Uniform Securities Agent State Law Examination

Exam format (official):

  • 60 scored questions (plus 5 unscored pretest questions)
  • 1 hour 15 minutes (75 minutes)
  • Passing score: 43 of 60
  • No corequisite — stand-alone state exam
  • Administered by FINRA on behalf of NASAA

Core topics (official weighting):

  • Regulation of Broker-Dealers — 12% (7 questions)
  • Regulation of Broker-Dealer Agents — 13% (8 questions)
  • Regulation of Investment Advisers — 25% (15 questions)
  • Regulation of Investment Adviser Representatives — 20% (12 questions)
  • Regulation of Securities and Issuers — 9% (5 questions)
  • Ethical Practices and Obligations — 11% (7 questions)
  • Administrative Provisions and Remedies — 10% (6 questions)

For the official exam outline, scheduling details, and registration through FINRA, see the FINRA Series 63 exam page.

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