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Series 63 – Uniform Securities Agent State Law Exam (Series 63) - Finra Exam Questions

Last updated on July 22, 2026

97% Exam Compliance
250 Total Questions
1
Question
Under the 2002 Uniform Securities Act, registration by coordination allows:
Options
A federal covered securities to be registered simultaneously with the SEC and with the states in which the securities will be offered for sale.
B issuers of federal covered securities to submit only a notice filing with the Administrator of states in which the securities will be offered for sale.
C both state-registered and out-of-state investment bankers to participate in the underwriting and registration of a new security issue.
D securities that do not fall within the category of federal covered securities to be registered simultaneously with the SEC and with the states in which the securities will be offered for sale.
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2
Question
Jack Bean is employed by Giant Investment Advisers, LLC. His job duties include advising clients on the asset allocations of their portfolios. Jack Bean is
Options
A an administrative assistant.
B an agent.
C an investment adviser representative.
D an investment adviser.
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3
Question
Jack and Jill are a newly married couple in their mid-20s. They are determined to retire by the time they are 50 and have arranged a meeting with a representative of Professional Investment Advisers to structure a financial plan that will allow them to achieve this goal.
The representative, Mr. Hill, advises them to invest at least 60% of their money in bond funds to
minimize the risk of loss on the way to their goal. Mr. Hill has
Options
A committed fraud in indicating that bonds are less risky than stocks.
B has committed fraud in promoting their delusion that they can possibly expect to retire by the time they turn 50, regardless of their investment strategy.
C made an unsuitable recommendation for these clients and is subject to license suspension or revocation.
D advised Jack and Jill well with a conservative allocation of their money to preserve principal.
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4
Question
Which of the following statements regarding an investment adviser representative who has an office in the state is true?
Options
A If the investment adviser that the investment adviser representative is affiliated with is itself
registered with the state, then the investment adviser representative does not need to apply for a separate registration, regardless of whether the investment adviser representative has an office in the state.
B If the investment adviser is registered with the SEC, then neither the investment adviser nor any of
its affiliated investment adviser representative needs to be registered with the state.
C If an investment adviser representative is registered with the SEC, he or she need not obtain state
registration, regardless of whether the investment adviser representative has an office in the state.
D Regardless of whether the investment adviser is registered with the SEC or is registered with the state, all investment adviser representatives of the firm must be registered with the state if they have offices in the state.
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5
Question
An investment adviser I . provides investment advice to clients. II . sells securities to clients. III . buys and sells securities in their clients’ accounts for the clients.
Options
A I only.
B I and III only.
C I, II, and III .
D I and II only.
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