Financial Advisor

Series 63 Study Guide Navigation The Uniform Securities Act exists for two main purposes. Firstly, it brings about state securities law uniformity.  Secondly, it protects the public by ensuring industry players act ethically.   This section looks specifically at the obligations that those in the industry have to act ethically.  Part of that is understanding what … Read more

Series 63 Study Guide Navigation When someone first shows interest in the services of a broker-dealer, for example, they aren’t considered a customer, but first, a prospect. This is important because it impacts what they can be told as they move through the various stages. This is to protect them and the securities professional they … Read more

Series 63 Study Guide Navigation The Series 63 exam doesn’t test individual state regulations but instead those principles found across the U.S.  Let’s look in this section then at provisions as set out in the Uniform Securities Act and remedies at the administrator’s disposal. To start, we know that a state administrator has jurisdiction over … Read more

Series 63 Study Guide Navigation We know that the administrator is charged with regulating securities in their state, both transactions as well as individuals.  We’ve covered how individuals need to be registered but now, we look at securities.  We start with a definition of securities from the Uniform Securities Act.  This is how the law … Read more

Series 63 Study Guide Navigation In this section, we look at how the securities act regulates investment advisers and their representatives.  The provisions in this section and what we have already covered in the previous section are similar, but we will also look at what specifically applies to investment advisers and their representatives. We can … Read more

Series 63 Study Guide Navigation You must understand the differences in the roles that a broker-dealer and an agent carry out.  Broker-dealers are business units that can be organized in many different ways. For example, while not very common, some can be sole proprietorships, for example. Normally, however, they will be organized in three ways: … Read more

Series 63 Study Guide Navigation To start, we look at various definitions as outlined by the Uniform Securities Act. We begin by looking at the Act itself. Securities are governed in states using what are known as blue-sky laws. To ensure more conformity, the Uniform Securities Act was promulgated in 1956 to unify these individual … Read more