NASAA Series 63 Study Guide (2026)
The Uniform Securities Agent State Law Examination (Series 63) tests 60 scored questions across 4 core areas. Master the Uniform Securities Act, broker-dealer and agent registration procedures, exempt securities, state private placements, and fiduciary business conduct with our 100% free curriculum.
Complete Series 63 Curriculum
Browse all 17 interactive lessons across 4 curriculum chapters. Every lesson includes verified blueprint takeaways, common examination traps, and interactive practice checkpoints:
Regulation of Investment Advisers (Including IARs)
Understand the definition of an Investment Adviser under the three-pronged ABC test, federal covered adviser thresholds under NSMIA, and IAR de minimis rules.
Regulation of Broker-Dealers (Including Broker-Dealer Agents)
Master the definitions, exclusions, registration processes, net capital rules, surety bonds, supervisory responsibilities, and termination protocols for broker-dealers and agents.
Regulation of Securities and Transactions
Understand the definition of a security under the Howey test, non-securities exclusions, registration methods, exempt securities, and exempt transactions.
Ethical Practices, Business Conduct, and Fiduciary Obligations
Master Administrator jurisdiction, statutory sanctions, civil and criminal liabilities, anti-fraud rules (Section 101), prohibited conduct, custody, and market manipulation.
Interactive Study Tools & Resources
Reinforce what you learn in the guide with our suite of free interactive Series 63 tools:
60-Question Mock Exam
Simulate timed 75-minute Prometric test conditions with 60 scored state blue sky law questions.
Launch Practice Exam →Series 63 Cheat Sheet
High-yield tables comparing the 4 personae, 30-day deadlines, and the 5-3-5 criminal rule.
View Cheat Sheet →3-Week Mastery Plan
Structured day-by-day study roadmap with first-5-minute Prometric dump sheet.
View Study Plan →