NASAA · Uniform Securities Agent State Law
Pass the Series 63 on the first try.
The state securities law exam that agents usually take to register in the states where their customers live. Our course covers every topic on the official outline, reads every lesson aloud, and tells you exactly when you're ready to book.
One-time payment · 12 months of access · Study on any device
- Every topic coveredMapped to the official outline. Nothing tested is left out.
- Know when you’re readyA green light on every chapter before you book.
- Read it or hear itEvery lesson can be read aloud, on any device.
- One price, no subscriptionFrom $99, paid once. 12 months of access.
The exam
What's on the Series 63.
Covers the Uniform Securities Act as it applies to broker-dealers, agents, investment advisers and securities: who has to register, what a state securities Administrator can do, and which sales practices are unethical or prohibited. It is the usual route to state registration as a securities agent and is typically taken alongside the Series 6 or Series 7.
Who takes it. New representatives who are preparing for or have passed the Series 6 or Series 7.
Official NASAA exam page ↗How the 60 scored questions are split
1. Regulation of Investment Advisers5%
3 questions2. Regulation of Investment Adviser Representatives5%
3 questions3. Regulation of Broker-Dealers12%
7 questions4. Regulation of Agents of Broker-Dealers13%
8 questions5. Regulation of Securities and Issuers9%
5 questions6. Remedies and Administrative Provisions11%
7 questions7. Communication with Customers and Prospects20%
12 questions8. Ethical Practices and Obligations25%
15 questionsInside the course
Everything you need to pass the Series 63.
Every chapter maps to the official outline and ends with a 30-question quiz that tells you whether you're ready to move on.
11chapters, about 7 hours of reading
1,122practice and exam questions
488flashcards with read-aloud
3interactive visuals
2timed exams: a 30-question midterm and 60-question final
Curriculum · click a chapter to see its lessons
Chapters, in study order
1State Securities Law, the Administrator and What Is a Security7 lessons · 35 min
- 1.1Blue-Sky Laws, NASAA and the Uniform Securities Act
- 1.2NSMIA and the Administrator
- 1.3Persons, Issuers and Nonissuer Transactions
- 1.4What Is a Security
- 1.5Investment Contracts and the Howey Test
- 1.6Offers, Sales and the Reach of State Law
- 1.7The General Antifraud Provision
2Broker-Dealers: Definition, Registration and Supervision6 lessons · 35 min
- 2.1What Makes a Person a Broker-Dealer
- 2.2Out-of-State Firms and Who Must Register
- 2.3Federal Registration: Exchange Act Section 15 and Form BD
- 2.4State Registration: Application, Effectiveness, Renewal and Withdrawal
- 2.5After Registration: Records, Reports, Capital, Bonding and the Limits on State Rules
- 2.6Supervising Agents
3Agents of Broker-Dealers7 lessons · 32 min
- 3.1Who Is an Agent
- 3.2Exclusions from the Agent Definition
- 3.3Registering as an Agent
- 3.4Changing Firms, Leaving and Withdrawal
- 3.5Keeping the Uniform Forms Current
- 3.6Agents Who Are Also Investment Adviser Representatives
- 3.7FINRA Rules 3210 and 2040
4Investment Advisers and Federal Covered Advisers8 lessons · 38 min
- 4.1Who Is an Investment Adviser
- 4.2Exclusions from the Definition
- 4.3Federal or State: Where an Adviser Registers
- 4.4State Registration, Notice Filing and the De Minimis Rules
- 4.5Net Worth, Bonding, Disclosure and Records
- 4.6Advisory Contracts and Performance Fees
- 4.7Custody and Information Security
- 4.8Wrap Fee Programs
5Investment Adviser Representatives and Adviser Conduct Rules8 lessons · 40 min
- 5.1Who Is an Investment Adviser Representative
- 5.2Where an IAR Must Register
- 5.3Registering as an IAR
- 5.4The Fiduciary Duty
- 5.5Suitability, Discretion and Trading
- 5.6Loans, Fees, Conflicts and Honest Dealing
- 5.7Advertising
- 5.8Confidentiality, Custody, Contracts and the Remaining Items
6Registering Securities and Exemptions7 lessons · 40 min
- 6.1The Registration Requirement and the Offering Process
- 6.2Three Ways to Register: Filing, Coordination and Qualification
- 6.3Provisions for Every Registration: Filers, Escrow, Duration and Reports
- 6.4Federal Covered Securities and Notice Filing
- 6.5Exempt Securities
- 6.6Exempt Transactions
- 6.7State Enforcement and Antifraud Authority over Offerings
7The Administrator’s Powers, Remedies and Penalties8 lessons · 39 min
- 7.1The Administrator and Its Rule-Making Authority
- 7.2Investigations and Subpoenas
- 7.3Cease-and-Desist Orders, Injunctions and Judicial Review
- 7.4Denial, Suspension and Revocation of Registration
- 7.5Due Process, Summary Orders, Cancellation and Withdrawal
- 7.6Criminal Penalties
- 7.7Civil Liability: What an Investor Can Recover
- 7.8SIPC Protection When a Broker-Dealer Fails
8Communications, Advertising, Records and Privacy8 lessons · 35 min
- 8.1Required Product Disclosures
- 8.2Sales of Securities at Financial Institutions
- 8.3Unlawful Representations Concerning Registration
- 8.4The Ban on Performance Guarantees
- 8.5Correspondence and Advertising
- 8.6Social Media, Email, Texting and Websites
- 8.7Books and Records
- 8.8Privacy and Regulation S-P
9Customer Agreements, Margin and Options8 lessons · 35 min
- 9.1The New Account Record
- 9.2Trusted Contacts, Account Types and Signed Agreements
- 9.3The Margin Account and Its Agreements
- 9.4Initial Margin: Long Purchases and Short Sales
- 9.5Maintenance Margin, Margin Calls and the Intraday Standard
- 9.6Opening an Options Account
- 9.7Option Basics: Calls, Puts and Premium
- 9.8Options Valuation at Expiration: Breakeven, Gain and Loss
10Compensation, Customer Funds and the Standard of Care9 lessons · 40 min
- 10.1Fees
- 10.2Commissions
- 10.3Markups and Markdowns
- 10.4Disclosing Compensation and Conflicts
- 10.5Mutual Fund Sales Charges and Soft Dollars
- 10.6Custody of Customer Funds and Securities
- 10.7Discretion and Trading Authorization
- 10.8The Standard of Care for Broker-Dealer Recommendations
- 10.9The Fiduciary Duty and the Uniform Prudent Investor Act
11Unethical and Prohibited Practices8 lessons · 43 min
- 11.1The Rules Behind Unethical Practices
- 11.2Excessive Trading
- 11.3Loans, Customer Assets and Sharing in Accounts
- 11.4Insider Trading
- 11.5Selling Away
- 11.6Market Manipulation
- 11.7Outside Accounts and Vulnerable Adults
- 11.8Other Prohibited Activities
Try it free
Five real Series 63 questions. Give them a try.
Straight from the course's question bank, with the same explanations you get when you enroll.
Live sample · Series 63 question bank
Series 63 sample · 5 questions0 right so far
Question 1 of 5
Series 63 · Ch. 1: State Securities Law, the Administrator and What Is a Security●●○ difficulty
An agent registered in Iowa violates the Iowa securities law. Which of the following could suspend the agent's Iowa registration?
Plus two of the Series 63 course's interactive visuals. Go ahead, drag the sliders.
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Plan it
How soon can you be ready for the Series 63?
About 31 hours of focused study in total. Set your pace and see your date.
Estimate per chapter: read it (and re-read the hard parts), drill the flashcards, take the 30-question quiz, review your misses. Then the midterm once and the final twice, with a review after each.
Your Series 63 plan
5 weeks
About 31 hours of focused study. Start today and you'll be exam-ready in about 5 weeks.
Ch. 4
Ch. 5
Ch. 2
Ch. 1–6
Ch. 7
Ch. 8–9
Ch. 10–11
Final ×2
Section 1Section 2Section 3Section 4Section 5Section 6Section 7Section 8MidtermFinal ×2
Our first-try standard
Book the Series 63 when the course says you're ready.
- Every chapter green: 80% or better on its full quiz, well above the 43 of 60 (72%) you need.
- A passing midterm of 30 questions, taken against the clock.
- 80%+ on the full 60-question final, twice, on questions you haven't seen.
Failing costs the $147 exam fee again plus a mandatory waiting period before you can retest. One well-prepared attempt is the cheapest path to your license.
Start here
Series 63
Uniform Securities Agent State Law
$99one time
60 questions1h 15m43 of 60 (72%) to pass
- 11-chapter textbook mapped to the official outline
- Voice mode: about 7 hours of lessons, read aloud at 0.5×–2×
- 1,122 practice and exam questions with explanations
- 488 flashcards
- 3 interactive visuals and 168 built-in checks
- Green, yellow and red readiness lights for every chapter
- 30-question midterm and 60-question timed final
- 12 months of access on any device
FAQ
Series 63 questions, answered.
Who can take the Series 63?
None — typically taken alongside the Series 6 or Series 7. New representatives who are preparing for or have passed the Series 6 or Series 7.
What score do I need to pass the Series 63?
43 of 60 (72%), on 60 scored questions (plus 5 unscored pretest questions you can't tell apart). Our green light starts at 80%, so you prepare to clear the line with room to spare.
How much does the Series 63 exam cost?
The exam fee is $147, paid when you enroll for the exam. It's separate from the price of the course.
How long should I study for the Series 63?
Plan on about 31 hours with our course, including quizzes, reviews and practice exams. The planner above turns that into a target date for your schedule.
How long do I have access?
12 months of full access for a single $99 payment. No subscription, nothing renews automatically.
Is Series Ready affiliated with NASAA?
No. Series Ready is an independent study provider. Our courses are built on the publicly available content outlines and rules, but we are not affiliated with, endorsed by or sponsored by FINRA or NASAA.
Your Series 63 starts here. Pass it the first time.
The textbook, the narration, the questions and a clear signal when you're ready, all in one course.
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