Series 63 Broker-Dealer Practice Questions
III · Broker-dealers · 7 of 60 scored questions
Ten Series 63 questions on broker-dealers, untimed, with a worked answer after each one.
Or take the full Series 63 mock examUnder the Uniform Securities Act, the Administrator's authority to set a minimum net capital requirement for registered broker-dealers is:
Broker-dealers on the Series 63
Section III (7 of the 60 scored questions) covers the definition of a broker-dealer, who is excluded, and what registration and supervision require.
- Outline
- III: Who is a broker-dealer, exclusions, registration, net capital, books and records and agent supervision
- Share of the exam
- III Broker-dealers: 7 of 60 scored questions (12%)
- Our drill
- 10 questions from 24 on this topic, untimed, a worked answer after each; one free attempt, unlimited with a pass
What to know
- A broker-dealer effects securities transactions for others or for its own account. Agents, issuers and banks are excluded, and so is a broker-dealer with no place of business in the state whose only in-state customers are institutions or other broker-dealers (or existing customers only temporarily in the state).
- Registration becomes effective at noon on the 30th day after filing unless the Administrator acts sooner; every registration expires on December 31 unless renewed.
- The Administrator may set net capital and bonding requirements, but a broker-dealer’s requirements cannot exceed those of the Securities Exchange Act of 1934.
- Broker-dealers must supervise their agents and keep books and records; the Administrator can inspect them at any time.
Test yourself on broker-dealers
Ten Series 63 questions on broker-dealers, untimed, with a worked answer after each one.
Or take the full Series 63 mock examCommon questions
How many broker-dealers questions are on the Series 63?
Section III is 7 of the 60 scored questions (12%).
Are these real Series 63 questions?
No. FINRA and NASAA do not release exam questions. These are original practice questions written to the official content outline, with a worked explanation and the rule behind every answer.
More Series 63 topics
Outline and exam facts checked November 2026: FINRA: Series 63 exam · NASAA Series 63 content outline · NASAA Series 63 study guide · NASAA: Exam FAQs.
Original independent practice questions written to the published NASAA content outline. Not affiliated with or endorsed by FINRA or NASAA.