Series 63 - NASAA Uniform Securities Agent State Law Exam
How long should I prepare for this exam?
We recommend studying 30-40 hours over a ten-day period.
How do I schedule my Series 63 Exam?
A firm will file an electronic Form U4 for a candidate, or an individual will file a Form U10 and pay the registration fee to FINRA. Upon registering, a candidate will have 120 days to schedule the exam. You can find more details here.
What does a Series 63 license allow me to do?
A Series 63 license qualifies you as a securities agent. It covers the principles of state securities regulation.
How many questions must I answer correctly to pass the exam?
In order to pass the Series 63 exam, you must correctly answer at least 43 of the 60 scored questions (72%)..
What happens if I pass the Series 63 but I do not complete the registration process?
After passing the Series 63, you have two years to become registered with a state otherwise the exam will show “expired” in the Central Registration Depository, and you will have to sit for the exam again. Contact your state regulator for more information regarding your state’s registration rules and process.
How many questions are on the exam?
There are 60 scored and 5 unscored. These five unscored questions are randomly distributed so test-takers do not know which ones they are.The unscored questions are being tried out by the exam committee.
How long is the exam?
75 minutes. You are allowed to take restroom breaks during the exam; however, the clock will continue counting down. Please contact your preferred testing center for additional information.
Are there other FINRA exams I need to complete as a prerequisite to attempting the Series 63?
How much does the exam cost?
The cost of the exam is $125 at this writing.
If I stop working for my firm, how long will my Series 63 license remain active?
You will have two years between jobs before the license expires.
When you cease working for a firm, your employer will file a Form U5 to terminate your registration. Your next employer will file a Form U4, which will re-register you. As long as you do not exceed two years between employers, your Series 63 license will remain active.
General exam questions? See our general FAQs.
For information about Solomon Series 63 exam study materials, please click here.