Earning the FINRA Uniform Securities Agent State Law Examination credential signals skills that employers recognize worldwide, which is exactly why the Series63 exam is worth preparing for properly. Fast2test builds its 251 practice questions around the official outline, so your effort goes into topics that actually get tested.

FINRA Series63 Exam Overview:

FINRA Series63 Exam Syllabus Topics:

Everything You Want to Know About the FINRA Uniform Securities Agent State Law Examination (Series63) Exam

FINRA Uniform Securities Agent State Law Examination Sample Questions:

Question 1

Sam Shyster had his day in court-and lost. His license to do business as an investment adviser in the state has been revoked. What legitimate options does Sam have available to him now?

A. Sam can move to another state and apply for registration as an investment adviser there.
B. Sam can register with the SEC as an investment adviser, which will exempt him from state registration requirements.
C. Sam has 60 days to file an appeal of the decision in a court of law.
D. Sam has 45 days in which to file an appeal with the attorney general.

Question 2

You are an agent with a broker-dealer and have learned of limited partnership interests being sold by a small company that is planning to come out with a product that you think is going to "wow" the market. You would like to get in on the action, but the minimum investment needed is $10,000, and you don't have that kind of dough lying around. You talk to your brother, who is also one of your clients, and get him interested in investing in the firm, too. The two of you decide to pull your money together, each putting in $5,000, and you agree to split any profits or losses.
Is this permitted?

A. Yes, as long as your brother provides your firm with his written consent.
B. Maybe. But it will require written consent from both your brother and your firm.
C. Yes. This is permitted since the agreement is between you and a family member.

Question 3

Cal Turner calls his client and recommends that the client sell his shares in the Alpha High Quality Bond Fund and use the proceeds to buy shares in the Omega High Quality Bond Fund. Cal has done nothing unethical if his recommendation is based on the fact that

A. the Alpha Fund has been performing poorly relative to other funds in the same category.
B. It would always be unethical for Cal to recommend that a client sell shares in one fund in order to buy shares of another fund that has the same investment objective.
C. the Alpha Fund has a back-end load.
D. the Omega Fund has a front-end load.

Question 4

Desi Genuos is an agent with Broker-Dealer CanDo. A client has asked Desi to recommend a mutual fund that does not have a sales charge. Desi recommends a fund that has no front-end load although it does have a deferred sales load if the investor redeems his shares within the first three years of ownership, but the client has informed Desi that he is looking at this as a long-term investment. Based on these facts, Desi

A. is not in violation of any rules because he is an agent of a broker-dealer and is not affiliated with the fund he has recommended in any manner.
B. will not be in violation of any NASAA rules as long as he has his client sign a "letter of intent."
C. is not in violation of any rules since the fund has no front-end load and the deferred sales load will not apply to this client, given his indication that this is meant to be a long-term investment.
D. is in violation of NASAA rules regarding investment company shares.

Question 5

Alice Wonder called her broker on Tuesday, August 10th, with a market order to buy 10 calls on the stock of Abbott Laboratories. Under normal conditions, Alice will have to pay for the calls on

A. Wednesday, August 11th.
B. Tuesday, August 10th.
C. Monday, August 16th.
D. Friday, August 13th.

Solutions: