Structure of the FINRA 63 Exam
Format
The FINRA 63 exam consists of 60 multiple-choice questions, and you will have 105 minutes to complete it. To pass the exam, you must score at least 70%.
Topics Covered
The exam focuses on the following key areas:
- Understanding of State Regulations
- Overview of state regulatory agencies
- Registration requirements for agents and securities
- Securities Products and Their Risks
- Types of securities (stocks, bonds, mutual funds)
- Risks associated with different investment products
- Anti-Money Laundering (AML) Regulations
- Understanding AML laws
- Identifying suspicious activities
- Ethics and Professional Conduct
- Responsibilities to clients
- Prohibited practices in the securities industry
- Understanding Customer Accounts
- Types of accounts (individual, joint, retirement)
- Customer suitability and investment objectives
- Communications with Customers
- Regulatory requirements FINRA 63 for advertisements
- Guidelines for communications
- Fraudulent and Unethical Practices
- Recognizing and avoiding fraud
- Ethical responsibilities of a securities agent
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