FINRA Series_63 Exam : Uniform Securities Agent State Law Examination

Series_63
  • Exam Code: Series_63
  • Exam Name: Uniform Securities Agent State Law Examination
  • Updated: Jun 01, 2026
  • Q & A: 255 Questions and Answers

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FINRA Uniform Securities Agent State Law Examination Sample Questions:

1. Jack Bean is employed by Giant Investment Advisers, LLC. His job duties include advising clients on the
asset allocations of their portfolios. Jack Bean is

A) an investment adviser.
B) an investment adviser representative.
C) an administrative assistant.
D) an agent.


2. Mr. Bigwig, CEO of HiGrowth Corporation, meets with the president of BigFee Investment Bankers and
arranges for BigFee to underwrite an Initial Public Offering (IPO) for the firm. When the IPO comes to
market, GetErDone Broker-Dealers is part of the selling group, which handles the sale of the stock to the
public. In this scenario, which party is the broker?

A) BigFee Investment Bankers
B) HiGrowth Corporation
C) GetErDone Broker-Dealers
D) Mr. Bigwig


3. Which of the following is not in itself a reason for the Administrator to deny, suspend, or revoke the license
of a person?

A) Some of the information supplied on the registration application was found to be false.
B) The person has been convicted of check kiting within the past ten years.
C) The applicant has never before worked in the securities industry although he has received the requisite
training.
D) The person is a broker-dealer whose agents have repeatedly been accused of churning and burning,
according to written client complaints.


4. You have passed the necessary exams (congratulations!) and are applying for registration as a securities
agent. It is already the end of September. Therefore, you must pay

A) one-fourth of the annual fee required since only one quarter of the year remains.
B) the full annual fee, and your license will expire on September 30th next year.
C) the full annual fee, and your license will expire on December 31st next year.
D) the full annual fee, and your license will expire on December 31st this year.


5. Big Bo is an investment adviser representative who has a lot of the members of a well-known professional
football team as clients. In advertising his services, Big Bo can

A) list the names of the players he's advising as long as he lists the names of all his other clients, too.
B) list the names of the players he's advising as long as he has their written permission to do so.
C) use testimonials from any of the players who willingly provide them without compensation.
D) list the names of the players he's advising as long as he doesn't provide any other specifics, such as
the amount each one has invested with him.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: C
Question # 3
Answer: C
Question # 4
Answer: D
Question # 5
Answer: B

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