Series 63 Ethics Practice Questions
VIII · Ethical practices and obligations · 15 of 60 scored questions
Ten Series 63 questions on ethical practices and obligations, untimed, with a worked answer after each one.
Or take the full Series 63 mock examTo save a client time, an investment adviser representative asks for the client's username and password to her online account at another firm so he can log in and check her holdings. Under the NASAA model rule, this is:
Ethical practices and obligations on the Series 63
Section VIII is the largest section, 15 of the 60 scored questions: NASAA’s dishonest and unethical business practices for broker-dealers and agents.
- Outline
- VIII: Compensation, custody, discretion, excessive trading, loans, insider trading, selling away and senior exploitation
- Share of the exam
- VIII Ethical practices and obligations: 15 of 60 scored questions (25%)
- Our drill
- 10 questions from 32 on this topic, untimed, a worked answer after each; one free attempt, unlimited with a pass
What to know
- Commissions and markups must be fair and disclosed; a markup is reasonable in light of the prevailing market price, not a fixed percentage.
- Exercising discretion in a customer’s account without prior written authority is prohibited; discretion over only the time or price of an order the customer chose does not need it.
- Churning, an agent lending or borrowing money or securities from a customer, and sharing in a customer’s profits or losses without written authorization from the customer and the firm are unethical practices.
- Selling away (private securities transactions outside the firm without its written permission) and keeping undisclosed securities accounts at another firm are prohibited.
- NASAA’s model act on vulnerable adults lets qualified individuals report suspected financial exploitation and delay disbursements where a state adopts it.
Test yourself on ethical practices and obligations
Ten Series 63 questions on ethical practices and obligations, untimed, with a worked answer after each one.
Or take the full Series 63 mock examCommon questions
How many ethical practices and obligations questions are on the Series 63?
Section VIII is 15 of the 60 scored questions (25%), the largest section of the exam.
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.