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Real FINRA Series63 practice exam questions for easy pass!

Last Updated: Oct 06, 2026

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FINRA Series63 Practice Q&A's

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FINRA Series63 Exam Syllabus Topics:

SectionObjectives
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

FINRA Uniform Securities Agent State Law Examination Sample Questions:

Question #1

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

  • A. I, II and III
  • B. I only
  • C. I and III only
  • D. I and II only
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Correct Answer: A  🗳️

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Question #2

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

  • A. 5 years.
  • B. 10 years.
  • C. 2 years.
  • D. 1 year.
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Correct Answer: B  🗳️

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Question #3

When a client has purchased securities on margin, the broker-dealer

  • A. may use any securities that the client purchased on margin as collateral for a loan from a bank upon receiving a written agreement signed by the client.
  • B. Both B and C are correct statements.
  • C. may require that the client leave all his securities, even those not purchased on margin, in street name.
  • D. must keep the securities that the client paid cash for separate from the securities that the client purchased on margin.
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Correct Answer: B  🗳️

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Question #4

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.

  • A. I, II and III
  • B. I and III only
  • C. II and III only
  • D. I and II only
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Correct Answer: D  🗳️

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Question #5

Which of the following statements about agents is (are) false?

  • A. When an agent has a change of address, both he and his broker-dealer affiliate must inform the Administrator.
  • B. All of the above are false statements.
  • C. If an agent files for bankruptcy, the Administrator may elect to terminate that agent's registration if the Administrator believes it is "in the public interest" to do so.
  • D. An agent must demonstrate a specific minimum level of financial stability for his registration application to be accepted.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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