Exam Topics
Deep dives on the highest-weight Series 63 topics: ethical practices, communications, agent and broker-dealer registration, and the powers of the state Administrator.
Series 63 State Administrator Powers and Remedies (2026)
The Series 63 Remedies section (11%): what the state securities Administrator can do, the civil and criminal penalties, and your right to a hearing.
Series 63 Agent Registration Explained (2026)
How the Series 63 defines an agent, when registration is required, the U4/U5 lifecycle, termination notice, and the no-place-of-business exclusions.
Series 63 Broker-Dealer Regulation (2026)
How the Series 63 tests broker-dealer regulation: the state-law definition, exclusions, registration and financial requirements, and the duty to supervise.
Series 63 Communications With Customers (2026)
How a state-registered agent may and may not communicate with customers on the Series 63: disclosures, the no-guarantee rule, account agreements, and ads.
Series 63 Ethical Practices: Prohibited Conduct (2026)
The Series 63 ethics section (25% of the exam) covers prohibited conduct: churning, commingling, unauthorized trading, selling away, and more.
Series 63 Securities Registration and Exemptions (2026)
Series 63 securities registration made simple: the three state methods, federal covered securities, and the exempt-security vs exempt-transaction trap.