The Series 63 exam is required by most states for individuals to register as securities agents (registered representatives) within those states. The exam is developed and maintained by the North American Securities Administrators Association (NASAA) and administered by FINRA. It tests state securities regulations.
Exam Details
Exam Format: 60 multiple-choice questions
Exam Duration: 1 hour, 15 minutes (75 minutes)
Passing Score: 72% (43 correct of 60)
Broker-dealer Sponsorship: not required
Exam Outline
| TOPIC DESCRIPTION | Percentage of Exam | No. Questions |
|---|---|---|
| Regulation of Investment Advisers Including State-Registered and Federal Covered Advisers | 5% | 3 |
| Regulation of Investment Adviser Representatives | 5% | 3 |
| Regulation of Agents of Broker-Dealers | 15% | 9 |
| Regulation of Securities and Issuers | 5% | 3 |
| Remedies and Administrative Provisions | 10% | 6 |
| Communication with Customers and Prospects | 20% | 12 |
| Ethical Practices and Obligations | 25% | 15 |
| TOTAL | 100% | 60 |
Test Center
Prometric is the sole vendor delivering all FINRA-administered exams. Prometric facilities are located in most cities. To schedule an exam, contact Prometric at:
- (800) 578-6273, or
- www.prometric.com
If your local test center does not have favorable availability, consider testing in a neighboring city. Ask about parking when you schedule your exam. Candidates must present valid, current, government-issued photo identification. This includes:
- Passport
- Driver's License
- Military ID
Student IDs are NOT accepted by Prometric.
COVID-19 Considerations: Due to COVID-19 health concerns, all Prometric test centers require face coverings, and that all testers are free from COVID infection and/or exposure during the previous 14 days. See https://www.prometric.com/covid-19-update/test-center-policies for the latest COVID updates.
In addition, many exams allow Remote Proctoring - see https://www.prometric.com/test-takers/search/1finra for more info.
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