Finra Series-63 Exam Syllabus
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Before starting your Series-63 exam preparation, it is recommended to review the complete Finra Uniform Securities State Law Examination exam syllabus and carefully go through the exam objectives listed below. Once you understand the exam structure and objectives, you should practice using our free Series-63 questions. We also provide premium Series-63 practice test, fully updated according to the latest exam objectives, to help you accurately assess your preparedness for the actual exam.
Finra Series-63 Exam Objectives
| Section 1: Regulations of Investment Advisers, Including StateRegistered and Federal Covered Advisers | |
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Weight: 5% |
1. definitions of Investment Advisers
1.1. activities requiring registration and exclusions from registration |
| Section 2: Regulations of Investment Adviser Representatives | |
|
Weight: 5% |
1. definition of an Investment Adviser Representative
1.1. activities requiring registration and exclusions from registration |
| Section 3: Regulations of Broker-Dealers | |
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Weight: 12% |
1. definition of a Broker-Dealer.
2. registration/post-registration requirements 2.1. activities requiring registration and exclusions from registration 3. Broker-dealer agent supervision |
| Section 4: Regulations of Agents of Broker-Dealers | |
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Weight: 13% |
1. definition of an Agent of a Broker-Dealer
2. registration/post-registration 2.1. activities requiring registration and exclusions from registration 2.2. update uniform forms |
| Section 5: Regulations of Securities and Issuers | |
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Weight: 9% |
1. definition of securities and issuers
2. state registration/post-registration requirements 3. exemptions from registration 4. state enforcement and antifraud authority |
| Section 6: Remedies and Administrative Provisions | |
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Weight: 11% |
1. authority of state Securities Administrator
2. administrative actions 3. other penalties and liabilities |
| Section 7: Communication with Customers and Prospects | |
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Weight: 20% |
1. required product disclosures
2. unlawful representations concerning broker-dealer agent registration 3. performance guarantees prohibition 4. customer agreements 4.1. new account 4.2.margin 4.3. options 5. correspondence and advertising 5.1.social media 5.2. email/digital messaging 5.3.website and internet communications |
| Section 8: Ethical Practices and Obligations | |
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Weight: 25 |
1. compensation
1.1.fees 1.2. commissions 1.3.markups 1.4. disclosure of compensation 2. customer funds and securities 2.1. custody 2.2. discretion 2.3.trading authorization 2.4. applicable standard of care 3. conflicts of interest, criminal activities, and other ethical issues 3.1. excessive trading 3.2.loans to and from customers 3.3.sharing in profits and losses in a customer account 3.4.insider trading 3.5.selling away 3.6.market manipulation 3.7. outside securities accounts 3.8. exploitation of vulnerable adults 3.9. other prohibited activities |
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