Series 63 Exam Update: Key Changes to Know

Series 63 Exam Update: Key Changes to Know
Published on finra-exam-mastery.com

📅 Effective Date: June 12, 2023
The North American Securities Administrators Association (NASAA) implemented updates to the Series 63 exam content outline on June 12, 2023. These changes aim to better reflect the skills and knowledge required by broker-dealer agents in today’s financial industry.​NASAANASAA+2NASAA+2NASAA+2

📊 Adjusted Topic Weightings
While the total number of questions (60 scored) and the passing score (43 correct answers, or 72%) remain unchanged, the distribution of questions across topics has been modified:​FINRA+2Miami Herald+2knopman.com+2

• Regulation of Broker-Dealers: Reduced from 9 to 7 questions (now 12% of the exam)
• Regulation of Agents: Reduced from 9 to 8 questions (now 13%)
• Regulation of Securities and Issuers: Increased from 3 to 5 questions (now 9%)
• Remedies and Administrative Provisions: Increased from 6 to 7 questions (now 12%)​knopman.com

These adjustments emphasize a greater focus on securities and issuer regulations, as well as administrative remedies, while slightly reducing emphasis on broker-dealer and agent regulations. ​Belite Capital

🔒 Enhanced Focus on Ethical Practices and Investor Protection
The updated exam places a stronger emphasis on ethical practices and the protection of investors, particularly concerning:​

• Social Media Fraud: Understanding potential fraud schemes involving social media platforms, including impersonation and misleading promotions.
• Financial Exploitation of Vulnerable Adults: Recognizing and responding to signs of financial exploitation, with knowledge of the NASAA Model Act provisions. ​AscendBase

📚 Preparation Tips
To align your study approach with the updated exam:

• Review Updated Content: Focus on the increased emphasis areas, such as securities and issuer regulations, and administrative remedies.
• Practice Ethical Scenarios: Engage with practice questions that involve ethical dilemmas and investor protection scenarios.
• Stay Informed on Regulatory Changes: Keep abreast of recent regulatory updates, especially those related to social media and elder financial abuse.​

🎯 Stay Ahead with Up-to-Date Study Materials
Ensure your preparation materials reflect the latest exam updates. Utilize resources that incorporate the revised topic weightings and enhanced focus areas.​knopman.com+1kaplanfinancial.com+1

🔗 Access comprehensive study guides and practice exams at finra-exam-mastery.com.