Series 63 Remedies and Administrator Practice Questions
VI · Remedies and administrative provisions · 7 of 60 scored questions
Ten Series 63 questions on remedies and administrative provisions, untimed, with a worked answer after each one.
Or take the full Series 63 mock examAn agent sold a customer unregistered, non-exempt shares for $20,000. The customer received $600 in dividends and still owns the shares. Under the Uniform Securities Act, the customer may sue to recover, upon tender of the shares:
Remedies and administrative provisions on the Series 63
Section VI (7 of the 60 scored questions) covers what the state Administrator can do and what happens to people who break the Uniform Securities Act.
- Outline
- VI: The Administrator’s powers, administrative orders, civil liability, rescission and criminal penalties
- Share of the exam
- VI Remedies and administrative provisions: 7 of 60 scored questions (11%)
- Our drill
- 10 questions from 22 on this topic, untimed, a worked answer after each; one free attempt, unlimited with a pass
What to know
- The Administrator may make rules and orders, investigate, issue subpoenas, and deny, suspend or revoke registrations when it is in the public interest and a statutory ground exists.
- Cease and desist orders may be issued without a prior hearing; the respondent can request a hearing afterwards.
- A buyer sold in violation of the Act may sue to recover the purchase price plus interest, costs and reasonable attorney’s fees, less any income received. Under Sec. 410(f) of the Act as amended by NASAA, the suit must come within three years of the sale or two years of discovering the violation, whichever is first.
- A seller who discovers a violation may make a rescission offer; a buyer who does not accept within 30 days loses the right to sue.
- Criminal penalties apply only to willful violations: up to a $5,000 fine, three years in prison or both under the 1956 Act.
Test yourself on remedies and administrative provisions
Ten Series 63 questions on remedies and administrative provisions, untimed, with a worked answer after each one.
Or take the full Series 63 mock examCommon questions
How many remedies and administrative provisions questions are on the Series 63?
Section VI is 7 of the 60 scored questions (11%).
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.