Should i get my series 63

Major job functions covered on the Series 7 Exam include:. This exam is not recognized in all states and must always be taken with another securities agent licensing exam such as Series 6 or Series 7. Securities agents in the following states are not required to take the Series 63 exam for licensure purposes:. Content The Series 63 Exam takes 75 minutes to complete and consists of 60 multiple-choice questions. A score of 72 or better is considered passing.

Sixty percent of the exam will cover State Securities Acts and related rules and regulations. Most states in the U. However, some do not. The Series 63 exam has 65 questions of which 60 count toward your final score. Candidates have 75 minutes to complete the exam. Exams are given at Prometric test centers. If you work for a firm, it can sponsor you to take the Series I have passed the Series 7 exam; do I also need the Series 63 to register as a registered representative for a broker-dealer?

How do I apply for a waiver of the Series 65 based on my professional certification? Will having a qualifying professional designation also waive the requirement for taking the Series 66? How long must I wait after failing an exam before I can take it again? Are waivers granted to the day waiting period to re-take the exam?

Is there a limit on the number of times I can re-take an exam? If I failed the Series 66, does the waiting period apply if I want to take the Series 63 or Series 65? No; the waiting period applies only to the specific exam you did not pass. I have older study materials for the Series Can I still use them?

How can I report a problem that occurred on my exam? Where do I get a certificate or other evidence of passing the exam? I need special accommodations when taking the exam.

How are such arrangements made? I work in a state that does not license investment adviser representatives. Will my Series 65 exam remain valid? When I transfer to another firm, do I have to do anything to keep my license?

Do I need to pass the Series 63 if I am just taking orders for securities? Do I need to pass the Series 65 if I am just soliciting clients for an investment adviser or getting referral fees? Which version of the Uniform Securities Act should I study to prepare for my exam? No; there are no citizenship limitations on taking the Series 63, 65, or Are exams given outside of the United States? If I want to use the Series 66 in combination with the Series 7, do I need to take one of the exams before the other?

Should I take the Series 65 or Series 66? My day exam window is about to close, but I need more time to study. Can I get an extension? I would like a refund. What should I do?

I decided not to take the exam. Can I get a refund? Please see above. May I received a refund? If I failed the Series 66, do I have to abide by the applicable waiting period to take the Series 65? What are the new investment adviser representative requirements in New York State?

How often, and how, is an exam updated? At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice.

Popular Courses. Table of Contents Expand. Series 63 Exam Background. History of the Exam. Federal and State Law. Series 63 Structure. Exam Terminology.

That Word "Exempt". Common Test Issues. The Bottom Line. Hint If you see a question that begins, "The administrator may Article Sources.

Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear.

Investopedia does not include all offers available in the marketplace. Related Articles. Finra Exams Series 6 Exam vs. Series 7 Exam: What's the Difference? Partner Links. A state administrator regulates and enforces laws regarding securities transactions at the state level, while the SEC regulates the laws on the federal level.

Series 63 The Series 63 is a securities exam and license entitling the holder to solicit orders for any type of security in a particular state. Registered Representative RR A registered representative RR is a financial professional who works with clients who are trading investments such as stocks and bonds.

Series 65 The Series 65 is an exam and securities license required by most US states for individuals to act as investment advisers.