What is a security Series 63?
Sarah Garza
Updated on April 01, 2026
The Series 63 (formally known as the Uniform Securities Agent State Law Examination) is a registered exam that is required of all potential registered representatives in most of the U.S. states. The exam covers the principles of state securities regulations. …
What can I do with a series 6 and 63 license?
What Can You Do With Series 6 and 63 Licenses
- Mutual funds (closed-end funds on the initial offering only)
- Variable annuities.
- Unit Investment Trusts.
- Variable life insurance products.
- Municipal fund securities (e.g. 529 savings plans, local government investment pools) (LGIPs)
What does Series 63 allow you to do?
The Series 63 license, also known as the Uniform Securities Agent license, enables you to sell securities in a particular state. The Series 63 license is good for the entire period that you work for a FINRA-member firm or self-regulatory organization (SRO).
What is the difference between a series 6 and 63 license?
Like the Series 6 license, the Series 63 license was developed by the NASAA. However, the goal of this license is to help states approve candidates to operate as securities representatives within their own boundaries. Thus, while the Series 6 license exam covers federal regulations, the Series 63 covers state issues.
Is the series 63 hard to pass?
The Series 63 Exam is hard enough. We recommend that you hit the hardest sections quick so that you have time to learn them thoroughly. As mentioned above, deciphering between state registered vs federally covered can be confusing.
What is the Series 63 pass rate?
98.36%
The Series 63 pass rate was 98.36%, and the Series 66—one of the most difficult exams—had a pass rate of 88.46%. The firm’s overall pass rate across all exams was 99%.
What is passing score on Series 63?
43
In order for a candidate to pass the Series 63 exam, he/she must correctly answer at least 43 of the 60 scored questions.
Is the 63 exam hard?
While some users emphasized that the Series 63 exam was not difficult, many stressed the need to study and work through a few practice exams. While there is a no official pass / fail rate released, a previous study suggested that around 14% of candidates fail the exam on their first attempt.
How long is the series 63 securities license?
The Series 63 License. Candidates must complete the test in 75 minutes. The Series 63 exam focuses on ethics and state securities regulations. The exam questions range from fiduciary responsibilities to client communication to business practices, along with securities regulation. Since this is an entry-level exam,…
Do you have to pass series 6 exam to get Series 63 license?
In order to use your Series 6 license in your state, you must pass the state’s version of the Series 63 license exam. If you move from one state to another, you must take your new state’s Series 63 exam to begin working in the securities or insurance industries in that state. What Is the Difference Between a Series 6 and a Series 7 License?
What do you need to know about Investopedia Series 63?
The exam was developed to qualify candidates who want to work in the securities industry within a state and to sell investment products, such as mutual funds, variable annuities, and unit investment trusts. The exam covers the principles of state securities regulations.
Is the series 63 exam recognized by NASAA?
The Series 63 Exam (Uniform Securities Agent) is administered in conjunction with the North American Securities Administrators Association (NASAA). 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).
