The Series 63 license, also known as the Uniform Securities Agent license, enables you to sell securities in a particular state.

Is the Series 63 exam hard?

Series 63 Exam Breakdown: Not the Hardest Exam, But Not Easy. First of all, the exam is administered by FINRA but actually a North American Securities Administrators Association (NASAA) exam. Second, the exam is one of the shortest out there (more points below!).

Can I take the Series 63 exam without a sponsor?

Unlike many other FINRA exams, the Series 63 exam does not require member firm sponsorship. If you are not Form U4 registered or affiliated with a firm through FINRA’s Web CRD system, you should use the Form U10 to request and pay the $125 fee for the Series 63 exam.

How many times can you take the 63?

A person can retake the Series 63, 65 or 66 exam an unlimited number of times, so long as applicable waiting period requirements have been met, according to the North American Securities Administrators Association (NASAA).

How soon can you retake Series 63?

The following waiting periods apply for individuals needing to retake the Series 63, Series 65 or Series 66 following a failed attempt: (1) a minimum of 30 days after failing the first exam before the second taking of the exam can be scheduled; (2) a minimum of 30 days after failing the exam for the second time before …

How long does it take to get Series 63?

The Series 63 Exam typically requires 20–30 hours of total prep, or 1–3 weeks if you are working full-time. Knopman Marks provides comprehensive resources to ensure you’re ready to pass.

What do you need to know about the series 63 exam?

The examination, called the Series 63 exam, is designed to qualify candidates as securities agents. The examination covers the principles of state securities regulation reflected in the Uniform Securities Act (with the amendments adopted by NASAA and rules prohibiting dishonest and unethical business practices).

Is there a waiting period for Series 63?

The following waiting periods apply for individuals needing to retake the Series 63 following a failed attempt: (1) a minimum of 30 days after failing the first exam before the second taking of the exam can be scheduled; (2) a minimum of 30 days after failing the exam for the second time before the third taking of the exam can be scheduled; and

How long is the NASAA Series 63 exam?

The exam consists of 60 scored questions. Candidates have 75 minutes to complete the exam. In order for a candidate to pass the Series 63 exam, he/she must correctly answer at least 43 of the 60 scored questions. For additional information about this exam, including the content outline, please visit the exams page on the NASAA website.

What is the pass rate for Series 63?

Because the Series 63 is a state exam, questions on the exam vary, and statistics are hard to capture. Therefore, no official pass or fail rate has been recorded. In 2014, the Wall Street Journal did a survey of 370,000 brokers and found that 86 percent passed on their first try.