How many questions are on the Series 63?
The Series 63 exam consists of 60 scored questions and 10 unscored pretest questions, for a total of 70 questions.
Detailed Answer
The Series 63 exam, also known as the Uniform Securities Agent State Law Examination, is designed to test an individual's knowledge of state securities laws and regulations.
The 60 scored questions on the exam cover topics such as state registration requirements, exemptions, broker-dealer and agent regulations, ethical practices, and more.
The additional 10 unscored pretest questions are used by FINRA to evaluate new questions for future use on the exam, but these pretest questions do not count towards the candidate's final score.
Candidates are given a total of 1 hour and 30 minutes to complete the 70-question exam.
The passing score for the Series 63 exam is 72%, meaning candidates must answer at least 43 of the 60 scored questions correctly to pass.
The exam is administered by FINRA (the Financial Industry Regulatory Authority) and is required for individuals who wish to sell securities or provide investment advice in the United States.
Tips & Recommendations
- When preparing for the Series 63 exam, it's important to focus on understanding the key concepts and regulations covered in the exam content outline, rather than just memorizing facts.
- Practice taking timed, full-length practice exams to get used to the exam format and time constraints.
- Review any areas of weakness identified in your practice tests and focus your study efforts on those topics.
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