Real FINRA Series63 practice exam questions for easy pass!
Last Updated: Oct 06, 2026
No. of Questions: 251 Questions & Answers with Testing Engine
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| Section | Objectives |
|---|---|
| Ethical Practices and Fiduciary Responsibilities | - Disclosure obligations and client protection - Prohibited practices and fraud prevention |
| State Securities Acts and Regulations | - Registration of securities and exemptions - Uniform Securities Act (USA) framework |
| Administrative Provisions and Enforcement | - Recordkeeping and reporting requirements - State enforcement powers and penalties |
| Regulation of Investment Advisers and Agents | - Registration requirements for agents - Broker-dealer regulation and supervision |
When selling shares in a closed-end investment company, an agent must inform the client of any
I. commissions
II. underwriting fees
III. miscellaneous offering expenses
Correct Answer: A 🗳️
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In accordance with the Telephone Consumer Protection Act of 1991 (TCPA), if a prospective client requests to be put on your firm's Do-Not-Call (DNC) list, the client must be kept on that list for
Correct Answer: B 🗳️
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When a client has purchased securities on margin, the broker-dealer
Correct Answer: B 🗳️
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When a customer files a complaint with a broker-dealer,
I. the broker-dealer must submit the complaint to the firm's compliance department.
II. the broker-dealer must provide a prompt written response to the complainant.
III. the broker-dealer must temporarily suspend the activities of any agent named in the complaint.
Correct Answer: D 🗳️
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Which of the following statements about agents is (are) false?
Correct Answer: D 🗳️
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Werner
Barbara
Deborah
Gemma
Josephine
Martha
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