FINRA SERIES 63 EXAM PREP
Pass the Series 63
You already have knowledge of the finance industry and your role. Now, knock out the Series 63 with Achievable - the best and most effective Series 63 exam prep on the market.
Achievable exam prep includes our online textbook, review questions, and full-length practice exams.
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User friendly with lots of applicable information. Questions are similar to the actual exam.
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Advanced personalization
Achievable Series 63 exam prep uses adaptive learning techniques to create and update a personalized model of your memory, individually tracking your retention and mastery of each FINRA Series 63 exam learning objective. Our learning engine monitors your study progress and continually adjusts your quiz questions to ensure you're focusing on the topics that matter most for you, improving study effectiveness while reducing overall study time.
Full-length practice exams
With hundreds of high-quality hand-crafted FINRA Series 63 practice exam questions, you can take 6+ full-length practice exams. Our Series 63 practice questions include all the types of questions you'll see on the exam, and they're weighted according to the official FINRA Series 63 exam rubric so you can have confidence in your scores.
Review quizzes
Continually reviewing the material you've learned while studying is essential, but you need more than simple Series 63 flashcards. In addition to our full-length practice exams, our Series 63 exam study materials include a separate quiz bank of 300+ review questions so you can quickly drill the key facts and regulations for any particular chapter.
Easy-to-understand online textbook
You'll see within minutes why our full online Series 63 exam prep book is the best Series 63 exam prep - it's easy to understand and written in plain English, filled with straightforward explanations and real-world examples. Our expert author has 15+ years of licensing experience, and it shows. Achievable Series 63 study materials are easy to read, mobile friendly, and include detailed walkthroughs of sample questions. Each of the FINRA Series 63 sections are covered in detail in our Series 63 online course.
Videos on key topics
Achievable is an effective and efficient quiz-focused course - you won't have to sit through 100+ hours of boring Series 63 video lectures! Our courses have a reputation for being easy to understand. If you're a visual learner, we have you covered: we include bonus Series 63 explainer videos on key topics to ensure you can fully understand complicated concepts.
Modern platform
Whether you're studying on the web or a smartphone, the Achievable FINRA Series 63 exam prep platform UX is clean and responsive. Progress charts highlight your journey through the Series 63 course content and your current strength in each section.
Proven success
With Achievable, you will pass. The effectiveness of our courses is empirically validated with 2,000,000+ hours studied and 50,000,000+ quiz questions answered.
Controlled experimental studies with our corporate customers demonstrate that using Achievable results in ~15% higher scores, translating into significantly higher pass rates and career success.
What's covered on the Series 63?
The Series 63 is known as the "state law test", and covers two main areas: State Securities Acts and the related rules and regulations, and ethical practices and fiduciary obligations. You'll learn about the Uniform Securities Act (the "USA") and how this framework of laws and regulations was created for and adopted by the fifty states in the United States. And you'll learn about how the USA-related laws are enforced across the country.
Topic
Test questions
Regulations of Investment Advisers, Including State-Registered and Federal Covered Advisers
3 (5%)
Regulations of Investment Adviser Representatives
3 (5%)
Regulations of Broker-Dealers
7 (12%)
Regulations of Agents of Broker-Dealers
8 (13%)
Regulations of Securities and Issuers
5 (9%)
Remedies and Administrative Provisions
7 (11%)
Communication with Customers and Prospects
12 (20%)
Ethical Practices and Obligations
15 (25%)
When you buy the Achievable Series 63 course, you'll get access to our extensive question bank of 300+ chapter quizzes and 6+ practice exams.
Our practice exams are carefully constructed to match what you'll see on the actual Series 63, based on over a decade of training experience. Furthermore, our math-based questions are templatized so that you see different numbers each time, ensuring that you're learning the underlying concept and not just the right answer.
Series 63 exam details
The Series 63 exam - the Uniform Securities Agent State Law Examination - assesses one's knowledge of the state laws associated with securities and registered representative activities. The Uniform Securities Act (or "USA") is a model legislation adopted by states, meaning it's a framework of laws and regulations that states can adopt and implement to properly regulate the securities industry. Nearly all states require individuals to pass state-based exams like the Series 63 as a condition of registration.
The Uniform Securities Act (or "USA") is a model legislation adopted by states, meaning it's a framework of laws and regulations that states can adopt and implement to properly regulate the securities industry. Nearly all states require individuals to pass state-based exams like the Series 63 as a condition of registration.
The exam contains a total of 65 questions, 5 of which are experimental and unscored.
Despite commonly being called the "FINRA Series 63" it is more accurately a North American Securities Administrators Association (NASAA) exam administered by FINRA.
The Series 63 exam is hosted by NASAA and costs $147 to register. Participants have 1 hour 15 minutes to answer 60 multiple-choice questions. The passing score is 71.7% (43/60).
Eligibility and sponsorship
Financial professionals typically take the Series 63 as their final exam after completing their SIE Exam and Series 6, 7, or 79 license. However, you can take the Series 63 as your first FINRA exam. Unlike most FINRA exams, you do not need a sponsor to take the Series 63.
Administration of the exam
The Series 63 exam is administered via computer. A tutorial on how to take the exam is provided prior to taking the exam.
Each candidate's exam includes 5 additional, unidentified pretest items that do not contribute toward the candidate's score. The pretest items are randomly distributed throughout the exam. Therefore, each candidate's exam consists of a total of 65 items (60 scored and 5 unscored).
There is no penalty for guessing. Therefore, candidates should attempt to answer all items.
Candidates will be allowed 75 minutes to complete the Series 63 exam.
Candidates are not permitted to bring reference materials to their testing session. Severe penalties are imposed on candidates who cheat or attempt to cheat on FINRA-administered exams.
Scoring of the exam
All candidate test scores are placed on a common scale using a statistical adjustment process known as equating. Equating scores to a common scale accounts for the slight variations in difficulty that may exist among the different sets of exam items that candidates receive. This allows for a fair comparison of scores and ensures that every candidate is held to the same passing standard regardless of which set of exam items they received.
FINRA's Series 63 exam summary
Regulations of Investment Advisers, Including State-Registered and Federal Covered Advisers
5%
3 questions
The definition and regulations of Investment Advisers, including state-registered and federal covered advisers. Contains topics including activities requiring registration and exclusions from registration.
Regulations of Investment Adviser Representatives
5%
3 questions
The definition and regulations of Investment Adviser Representatives (IARs). Contains topics including activities requiring registration and exclusions from registration.
Regulations of Broker-Dealers
12%
7 questions
The definition and regulations of Broker-Dealers. Contains topics including registration and post-registration requirements, activities requiring registration and exclusions from registration, and Broker-Dealer Agent supervision.
Regulations of Agents of Broker-Dealers
13%
8 questions
The definition and regulations of Agents of Broker-Dealers. Contains topics including registration and post-registration requirements, activities requiring registration and exclusions from registration, and updating uniform forms.
Regulations of Securities and Issuers
9%
5 questions
The definition and regulations of Securities and Issuers. Contains topics such as state registration and post-registration requirements, exemptions, and state enforcement and antifraud authority.
Remedies and Administrative Provisions
11%
7 questions
The authority of state securities administrators, types of administrative actions, and other penalties and liabilities.
Communication with Customers and Prospects
20%
12 questions
Required product disclosures, unlawful representations concerning broker-dealer agent registration, and rules around performance guarantees. Contains topics on customer agreements requirements for activities such as new accounts, margin trading, and options trading. Also covers correspondence and advertising via social media, email/digital messaging, website and internet communications.
Ethical Practices and Obligations
25%
15 questions
Ethical practices and obligations related to compensation, customer funds and securities, conflicts of interest, criminal activities, and other ethics issues.
Achievable Series 63 content outline
1
Introduction
A welcoming introduction to the rules, regulators, and environment of state securities laws.
2
Definitions
Explores various legal definitions related to the securities industry.
3
Registration
Covers the registration process relevant to broker-dealers, agents, investment advisers, and investment adviser representatives (IARs), plus the available exclusions and exemptions from registration.
4
Enforcement
Discusses the enforcement powers afforded to the state administrator by the Uniform Securities Act and court-enforced actions against registered persons.
5
Ethics
Establishes ethical duties for registered persons, criminal and unethical actions in the industry, and cyber security.
FINRA Series 63 resources
Check out our free Series 63 cheat sheets / Series 63 dump sheets and podcasts to help you prepare for the FINRA Series 63 exam or for a quick refresher on the Series 63 fundamentals.
Series 63 tutoring
Want one-on-one help with your studying? Check out Achievable's directory of FINRA Series 63 tutors.
Free FINRA Series 63 practice exam
Solve 10 free Series 63 practice exam questions to get a feel for what to expect on the actual Series 63 exam.
Achievable's FINRA podcast
FINRA course author Brandon Rith and guests provide actionable tips and topic reviews to help you pass your FINRA exams.
Achievable Series 63 - $79
Pass the FINRA Series 63 on your first try with Achievable's interactive online exam preparation course. Includes everything you need: easy-to-understand online textbook, 300+ chapter review quizzes, and 6+ full-length practice exams.
Easy-to-understand online textbook
300+ chapter quizzes
6+ practice exams
12+ bonus videos
Learn from the best
Our content was written exclusively for Achievable by Basic Wisdom's acclaimed FINRA instructor Brandon Rith. With 15 years of finance-related experience and 10 years of licensing expertise, Brandon has helped thousands of learners successfully pass FINRA/NASAA exams while working for Fidelity Investments, where his programs posted pass rates that always exceeded company goals.
Pass the FINRA Series 63. Guaranteed.
Achievable is the best Series 63 exam prep course: effective, personalized, and convenient. With Achievable, you'll spend less time studying and pass your exam the first time, or your money back.