Franklin Hugh Money Start the SIE

Series 63 Exam Prep

The state-law bolt-on. FINRA's exams qualify you to sell securities in general; the Series 63 is each state saying you're allowed to sell them to its residents in particular. Two domains carry 45% of the exam between them.

65
Questions (60 scored)
75
Minutes
43/60
To Pass
$147
Exam Fee
0 of 8 chapters 0%
Start: Ethics →

Ethics (25%) and Communications (20%) are 45% of the exam in two domains -- worth studying first regardless of chapter order.

Study Tools

Audio Library

Eight Domains

By share of the exam
1
Regulation of Broker-DealersDefinition, exclusions, registration, surety bonds
12% 2
Regulation of Broker-Dealer AgentsWho is an agent, issuer-rep carve-outs
13% 3
Ethical Practices and ObligationsNASAA Dishonest Practices, Reg BI, suitability
25% 4
Communication with CustomersFINRA 2210 tiers, options disclosure, Reg S-P
20% 5
Regulation of Securities and IssuersExempt securities, exempt transactions, Howey test
9% 6
Regulation of Investment AdvisersABC test, LATE exclusions, custody rule
5% 7
Regulation of IARsIAR registration, Form U-4, state vs. federal
5% 8
Remedies and Administrative ProvisionsAntifraud, Administrator powers, civil liability
11%

Official Resources

NASAA Study Guide

Authoritative exam outline
FINRA Series 63 Info

Scheduling, fees, and testing logistics

The reality: The Series 63 has a reputation for being easier than the Series 7, and it is, provided you read carefully. The questions are almost all judgment calls.

The strategy: Front-load Ethics and Communications. Together they are 45% of the exam. Then Agents and Broker-Dealers, another 25%. That's 70% of your score locked in.

The thing most people miss: NASAA writes to the primary statute text, not to any particular prep provider. When the two disagree, know both answers and pick the one closest to the 1956 Uniform Securities Act.

The same material, out loud. AS7MR is the exam-prep shop FHM shares a roof with: the Series 63 as calm audio episodes, flashcards, and mock exams. Some of the audio is built to be played while you fall asleep. That is not a metaphor. as7mr.com