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Series 63 Exam Information

About the Series 63 Exam

The Series 63 exam, officially called the Uniform Securities Agent State Law Examination, is administered by FINRA on behalf of the North American Securities Administrators Association (NASAA).

Passing the Series 63 is required by most states for individuals who want to become registered securities agents. The exam covers state securities regulations, ethical business practices, and the Uniform Securities Act. However, it must be paired with a FINRA qualification exam (such as the Series 6 or Series 7) and sponsorship by a FINRA-member firm to obtain full registration.

Who is the Series 63 Exam for?

The Series 63 exam is required for professionals who want to represent a broker-dealer and solicit or process securities transactions at the state level. Most states require the Series 63 in addition to a FINRA qualification exam, such as the Series 6 or Series 7. Check your state’s specific registration requirements.

Do I need to be sponsored to take the Series 63 Exam?

No. You don’t need firm sponsorship to take the Series 63 exam. You can self-enroll through FINRA by filing Form U10 and paying the exam fee directly. If you’re already affiliated with a firm, they’ll typically register you using Form U4 instead.

What is covered on the Series 63 Exam?

The Series 63 exam tests what a securities agent needs to know about state laws and ethical practices—not product math. It focuses on how agents and broker-dealers must register, communicate, and conduct business ethically under the Uniform Securities Act and related NASAA rules.

The test covers several key areas of state regulation and ethics, with questions divided into the following topics:

  1. Ethical Practices & Obligations (25%)
  2. Communication with Customers & Prospects (20%)
  3. Regulation of Broker-Dealers (12%)
  4. Regulation of Agents of Broker-Dealers (13%)
  5. Regulation of Securities & Issuers (9%)
  6. Remedies & Administrative Provisions (11%)
  7. Regulation of Investment Advisers (5%)
  8. Regulation of Investment Adviser Representatives (5%)

You have 75 minutes to complete the exam.

Series 63 – Uniform Securities Agent State Law Exam Specifications

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Series 63 Exam Enrollment & Eligibility

1. How old do I have to be?
There’s no specific education or experience prerequisite in the exam rules; states set registration rules. (Most candidates are adults preparing for state registration.) 

2. Do I have to be a U.S. citizen?
No. There are no citizenship requirements for taking NASAA exams.

3. Do I need to be associated with a broker-dealer to take the exam?
No, you can take the exam without firm sponsorship, but you will require sponsorship for state registration. 

4. How do I enroll?
Non-sponsored: Open an exam window and pay through FINRA using Form U10. Sponsored: Your firm files Form U4 to open your window. 

5. Where do I test? 
Schedule with Prometric. These exams are given at test centers. Online delivery is only for candidates with approved accommodations.

6. What is the exam fee? 
The exam fee is $147.

7. How long do I have to test? 
120 days from enrollment.

Series 63 Exam Scoring & Results

1. What is the passing score for the Series 63?
You must get 72% to pass (this is a scaled score from 0–100).

2. What is the retake policy if I fail the exam?
If you fail the exam the first or second time, you must wait 30 days before retaking it. If you fail a third time (or more), you must wait 180 days before attempting again.

3. How long is my Series 63 registration valid?
Your Series 63 registration stays active as long as you are associated with a broker-dealer and remain properly registered in your state.

Series 63 Exam Registration

1. What registration category do I get after passing?
After passing the Series 63 (and assuming you are associated with a broker-dealer), you become registered as a Uniform Securities Agent in your state. This allows you to legally solicit and process securities transactions at the state level, in conjunction with a FINRA license like the Series 6 or Series 7.

2. Will my results appear on BrokerCheck?
Yes. Once your registration is approved, your passed Series 63 exam will appear in your FINRA BrokerCheck file. This file includes the exams you have passed, your work history, and any reported incidents (disclosures).