Series 63 Securities and Issuers Practice Questions
V · Securities and issuers · 5 of 60 scored questions
Ten Series 63 questions on securities and issuers, untimed, with a worked answer after each one.
Or take the full Series 63 mock examA customer calls an agent, without any prior solicitation, and asks to buy 500 shares of an unregistered, non-exempt stock that already trades in the secondary market. Under the Uniform Securities Act, the agent's firm may execute the trade as an exempt transaction, and the Administrator may by rule require:
Securities and issuers on the Series 63
Section V (5 of the 60 scored questions) covers what counts as a security, the three state registration methods, and the exemptions that matter most.
- Outline
- V: What is a security, registration methods, exempt securities, exempt transactions and antifraud
- Share of the exam
- V Securities and issuers: 5 of 60 scored questions (9%)
- Our drill
- 10 questions from 20 on this topic, untimed, a worked answer after each; one free attempt, unlimited with a pass
What to know
- Securities include stocks, bonds, investment contracts, interests in oil and gas programs and variable annuities. Fixed annuities, whole and term life insurance, and commodity futures contracts are not securities under the Uniform Securities Act.
- Registration by coordination is for issues also registered with the SEC; registration by qualification is the full state process; registration by notification (filing) is for established issuers.
- Exempt securities include U.S. and Canadian government and municipal securities, bank and savings institution securities, and securities listed on the major U.S. exchanges (federal covered).
- Exempt transactions include isolated nonissuer transactions, unsolicited orders, sales to institutional investors and private placements offered to no more than 10 noninstitutional persons in the state in 12 months.
Test yourself on securities and issuers
Ten Series 63 questions on securities and issuers, untimed, with a worked answer after each one.
Or take the full Series 63 mock examCommon questions
How many securities and issuers questions are on the Series 63?
Section V is 5 of the 60 scored questions (9%).
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.