The Series 63, Uniform Securities Agent State Law Examination, is the state law test for broker-dealer representatives.
The Series 65, Uniform Investment Adviser Law Examination, is for investment adviser representatives.
Passing the Series 66, the Uniform Combined State Law Examination, qualifies an individual as if he or she had passed both the Series 63 and Series 65. However, to register as an investment adviser representative based on the Series 66, an individual must also have passed the FINRA Series 7 exam and the exam must be valid (i.e., not expired).
NASAA’s Policy for Employees of Eligible Organizations Who Wish to Take NASAA-Owned Examinations
NASAA is in the process of updating questions on the Series 63, 65, and 66 exams in light of the recently enacted SECURE Act. Currently, questions on the exam have not been modified and are based on the status of the law as of 12/31/2019. NASAA will update this website when it has completed its review, made any necessary changes, and has a planned switch over date.