NASAA · License Prep

Series 63

Uniform Securities Agent State Law

State-level law exam required in nearly every state to sell securities. Focused on the Uniform Securities Act, agent registration, and ethics.

Questions

Time limit

75 min

Pass score

72%

State fee

$147

Topics covered

Regulation of agents, broker-dealers, advisers
Definitions, registration requirements, exclusions, exemptions.
Regulation of securities & issuers
Federal covered vs state-registered, exempt transactions.
Ethics & prohibited business practices
Churning, front-running, unauthorized trades, misrepresentation.
Administrative provisions
Administrator's powers, civil & criminal liability, statute of limitations.

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Practice exams are study aids only — they are not regulatory credit. FINRA CE Sponsor and NASBA accreditation pending.