Series 63 hub
The Series 63 is NASAA's state-law exam for securities agents, administered by FINRA. FINRA lists 60 scored questions, 5 unscored questions, 75 minutes, a passing score of 43 out of 60, and a $147 cost.
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Series 63 is the state-law exam commonly used for securities agents. Series 65 is the investment adviser representative law exam.
| Field | Series 63 | Series 65 |
|---|---|---|
| Official name | Uniform Securities Agent State Law Exam | Uniform Investment Adviser Law Exam |
| Administrator | NASAA | NASAA |
| Questions | 60 scored + 5 unscored | 130 scored + 10 unscored |
| Duration | 75 minutes | 180 minutes |
| Passing score | 43 of 60 scored questions | 92 of 130 scored questions |
| Corequisite | None | None |
| Cost | $147 | $187 |
Series 65 hub
The Series 65 is NASAA's investment adviser representative law exam, administered by FINRA. FINRA lists 130 scored questions, 10 unscored questions, 180 minutes, a passing score of 92 out of 130, and a $187 cost.
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Facts on this page were checked on June 13, 2026. Re-check official sources before registration, scheduling, or publication-sensitive use.
Official sources
Facts on this page were checked on June 13, 2026. Re-check official sources before registration, scheduling, or publication-sensitive use.