No matching guide sections
Change the search or section filter.
Study Guide preview
Unlock Pro for every FINRA Series 63 flashcard-note lesson.
Preview the beginning of Section 1. Pro includes the complete Study Guide by section, plus Course Notes, guided course access, and Pro downloads.
Unlock with Pro
Opens the FINRA Series 63 Practice Test purchase options.
Section 1
Determine when a person is a broker-dealer
Preview
Preview: 1. Regulation of Broker-Dealers (12%)
Preview includes- 2 of 2 lesson topics
- 1 overview segment
- 3 core concepts
- 2 exam tips
Lesson Topics
- Broker-Dealer Definition
- Exclusions from the Definition
Overview
This objective focuses on determining when an entity meets the definition of a broker-dealer under the Uniform Securities Act. Key considerations include the nature of the business and the presence of exclusions
Core Concepts
- Broker-Dealer Definition: A person engaged in effecting securities transactions for others or for its own account
- Exclusions: Banks, savings institutions, trust companies, and the no-place-of-business exclusion
- No-Place-of-Business Exclusion: Transacting only with specified institutions or existing customers temporarily present in the state
Exam Tips
- Carefully parse the definition of a broker-dealer
- Pay close attention to the wording of the exclusion criteria
Section 1 continues in Pro.Unlock Pro to read the full Determine when a person is a broker-dealer lesson plus every remaining FINRA Series 63 Study Guide section.
Unlock with Pro
Section 2
Apply in-state broker-dealer registration requirements
Pro
Apply in-state broker-dealer registration requirements unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 3
Evaluate a broker-dealer employing an agent
Pro
Evaluate a broker-dealer employing an agent unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 4
Identify required broker-dealer application disclosures
Pro
Identify required broker-dealer application disclosures unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 5
Apply consent-to-service and filing procedure
Pro
Apply consent-to-service and filing procedure unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 6
Determine when registration becomes effective
Pro
Determine when registration becomes effective unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 7
Analyze automatic registration of firm principals
Pro
Analyze automatic registration of firm principals unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 8
Handle a broker-dealer succession
Pro
Handle a broker-dealer succession unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 9
Apply state financial requirements to a broker-dealer
Pro
Apply state financial requirements to a broker-dealer unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 10
Evaluate a required surety bond
Pro
Evaluate a required surety bond unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 11
Apply broker-dealer recordkeeping and reporting duties
Pro
Apply broker-dealer recordkeeping and reporting duties unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 12
Correct materially inaccurate registration information
Pro
Correct materially inaccurate registration information unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 13
Determine whether an individual is an agent
Pro
Determine whether an individual is an agent unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 14
Apply issuer-agent exclusions
Pro
Apply issuer-agent exclusions unlocks with Pro.Unlock Pro to read the full 2 topics flashcard-note study guide for this section.
Unlock with Pro
Section 15
Evaluate an unaffiliated agent registration
Pro
Evaluate an unaffiliated agent registration unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 16
Report a change in agent affiliation
Pro
Report a change in agent affiliation unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 17
Evaluate an agent application disclosure
Pro
Evaluate an agent application disclosure unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 18
Distinguish firm title from agent activity
Pro
Distinguish firm title from agent activity unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 19
Apply annual registration expiration
Pro
Apply annual registration expiration unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 20
Analyze agent disciplinary grounds
Pro
Analyze agent disciplinary grounds unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 21
Open an account at another financial institution
Pro
Open an account at another financial institution unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 22
Provide duplicate outside-account records
Pro
Provide duplicate outside-account records unlocks with Pro.Unlock Pro to read the full 5 topics flashcard-note study guide for this section.
Unlock with Pro
Section 23
Evaluate transaction-based payments to a finder
Pro
Evaluate transaction-based payments to a finder unlocks with Pro.Unlock Pro to read the full 5 topics flashcard-note study guide for this section.
Unlock with Pro
Section 24
Share agent compensation lawfully
Pro
Share agent compensation lawfully unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 25
Handle a securities transaction away from the firm
Pro
Handle a securities transaction away from the firm unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 26
Apply commercial-honor standards
Pro
Apply commercial-honor standards unlocks with Pro.Unlock Pro to read the full 6 topics flashcard-note study guide for this section.
Unlock with Pro
Section 27
Identify excessive trading
Pro
Identify excessive trading unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 28
Apply customer-specific recommendation analysis
Pro
Apply customer-specific recommendation analysis unlocks with Pro.Unlock Pro to read the full 5 topics flashcard-note study guide for this section.
Unlock with Pro
Section 29
Apply Regulation Best Interest
Pro
Apply Regulation Best Interest unlocks with Pro.Unlock Pro to read the full 5 topics flashcard-note study guide for this section.
Unlock with Pro
Section 30
Use adviser or advisor titles accurately
Pro
Use adviser or advisor titles accurately unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 31
Prevent unauthorized trading
Pro
Prevent unauthorized trading unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 32
Distinguish full discretion from time-and-price discretion
Pro
Distinguish full discretion from time-and-price discretion unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 33
Document a margin relationship
Pro
Document a margin relationship unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 34
Safeguard free customer securities
Pro
Safeguard free customer securities unlocks with Pro.Unlock Pro to read the full 2 topics flashcard-note study guide for this section.
Unlock with Pro
Section 35
Evaluate hypothecation of customer securities
Pro
Evaluate hypothecation of customer securities unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 36
Evaluate prices and commissions
Pro
Evaluate prices and commissions unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 37
Deliver offering disclosure
Pro
Deliver offering disclosure unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 38
Evaluate miscellaneous service fees
Pro
Evaluate miscellaneous service fees unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 39
Make a bona fide stated-price offer
Pro
Make a bona fide stated-price offer unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 40
Use at-the-market language accurately
Pro
Use at-the-market language accurately unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 41
Identify matched-order manipulation
Pro
Identify matched-order manipulation unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 42
Identify a manipulative transaction series
Pro
Identify a manipulative transaction series unlocks with Pro.Unlock Pro to read the full 2 topics flashcard-note study guide for this section.
Unlock with Pro
Section 43
Reject a guarantee against loss
Pro
Reject a guarantee against loss unlocks with Pro.Unlock Pro to read the full 2 topics flashcard-note study guide for this section.
Unlock with Pro
Section 44
Evaluate deceptive sales presentations
Pro
Evaluate deceptive sales presentations unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 45
Disclose broker-dealer issuer affiliation
Pro
Disclose broker-dealer issuer affiliation unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 46
Complete a bona fide public offering
Pro
Complete a bona fide public offering unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 47
Respond to customer information requests and complaints
Pro
Respond to customer information requests and complaints unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 48
Satisfy final awards and judgments
Pro
Satisfy final awards and judgments unlocks with Pro.Unlock Pro to read the full 2 topics flashcard-note study guide for this section.
Unlock with Pro
Section 49
Handle customer lending or borrowing
Pro
Handle customer lending or borrowing unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 50
Share in customer profits or losses
Pro
Share in customer profits or losses unlocks with Pro.Unlock Pro to read the full 2 topics flashcard-note study guide for this section.
Unlock with Pro
Section 51
Classify broad retail distribution
Pro
Classify broad retail distribution unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 52
Classify limited retail distribution
Pro
Classify limited retail distribution unlocks with Pro.Unlock Pro to read the full 5 topics flashcard-note study guide for this section.
Unlock with Pro
Section 53
Classify institutional-only material
Pro
Classify institutional-only material unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 54
Apply fair-and-balanced communication standards
Pro
Apply fair-and-balanced communication standards unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 55
Maintain customer account information
Pro
Maintain customer account information unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 56
Seek a trusted contact
Pro
Seek a trusted contact unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 57
Use a trusted contact appropriately
Pro
Use a trusted contact appropriately unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 58
Collect identifying information at account opening
Pro
Collect identifying information at account opening unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 59
Verify customer identity timely
Pro
Verify customer identity timely unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 60
Provide CIP notice
Pro
Provide CIP notice unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 61
Protect SAR confidentiality
Pro
Protect SAR confidentiality unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 62
Calculate initial margin
Pro
Calculate initial margin unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 63
Calculate long-account equity
Pro
Calculate long-account equity unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 64
Apply long-equity maintenance margin
Pro
Apply long-equity maintenance margin unlocks with Pro.Unlock Pro to read the full 2 topics flashcard-note study guide for this section.
Unlock with Pro
Section 65
Apply pattern-day-trader equity
Pro
Apply pattern-day-trader equity unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 66
Interpret SMA
Pro
Interpret SMA unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 67
Distinguish call and put rights
Pro
Distinguish call and put rights unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 68
Separate intrinsic value from time value
Pro
Separate intrinsic value from time value unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 69
Recognize uncovered-call risk
Pro
Recognize uncovered-call risk unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 70
Respond to an administrator advertising-filing rule
Pro
Respond to an administrator advertising-filing rule unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 71
Apply the securities-registration requirement
Pro
Apply the securities-registration requirement unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 72
Choose registration by filing
Pro
Choose registration by filing unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 73
Choose registration by coordination
Pro
Choose registration by coordination unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 74
Choose registration by qualification
Pro
Choose registration by qualification unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 75
Reject claims of administrator approval
Pro
Reject claims of administrator approval unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 76
Correct a misleading securities filing
Pro
Correct a misleading securities filing unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 77
Handle a federal covered security notice filing
Pro
Handle a federal covered security notice filing unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 78
Distinguish exempt securities from exempt transactions
Pro
Distinguish exempt securities from exempt transactions unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 79
Apply the exemption burden of proof
Pro
Apply the exemption burden of proof unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 80
Determine whether a firm is an investment adviser
Pro
Determine whether a firm is an investment adviser unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 81
Distinguish state registration from federal covered notice filing
Pro
Distinguish state registration from federal covered notice filing unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 82
Review an advisory contract
Pro
Review an advisory contract unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 83
Handle adviser custody
Pro
Handle adviser custody unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 84
Disclose an advisory conflict before advice
Pro
Disclose an advisory conflict before advice unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 85
Determine whether an individual is an IAR
Pro
Determine whether an individual is an IAR unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 86
Apply IAR place-of-business registration
Pro
Apply IAR place-of-business registration unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 87
Apply the de minimis adviser and IAR rule
Pro
Apply the de minimis adviser and IAR rule unlocks with Pro.Unlock Pro to read the full 5 topics flashcard-note study guide for this section.
Unlock with Pro
Section 88
Evaluate an unaffiliated IAR registration
Pro
Evaluate an unaffiliated IAR registration unlocks with Pro.Unlock Pro to read the full 5 topics flashcard-note study guide for this section.
Unlock with Pro
Section 89
Report an IAR employment change
Pro
Report an IAR employment change unlocks with Pro.Unlock Pro to read the full 3 topics flashcard-note study guide for this section.
Unlock with Pro
Section 90
Apply the Act antifraud provision
Pro
Apply the Act antifraud provision unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 91
Apply administrative discipline requirements
Pro
Apply administrative discipline requirements unlocks with Pro.Unlock Pro to read the full 5 topics flashcard-note study guide for this section.
Unlock with Pro
Section 92
Use administrator investigative authority
Pro
Use administrator investigative authority unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 93
Enforce an administrator subpoena
Pro
Enforce an administrator subpoena unlocks with Pro.Unlock Pro to read the full 5 topics flashcard-note study guide for this section.
Unlock with Pro
Section 94
Issue a cease-and-desist order
Pro
Issue a cease-and-desist order unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 95
Seek judicial enforcement remedies
Pro
Seek judicial enforcement remedies unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 96
Apply criminal-liability standards
Pro
Apply criminal-liability standards unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 97
Calculate a buyer civil remedy
Pro
Calculate a buyer civil remedy unlocks with Pro.Unlock Pro to read the full 5 topics flashcard-note study guide for this section.
Unlock with Pro
Section 98
Apply controlling-person civil liability
Pro
Apply controlling-person civil liability unlocks with Pro.Unlock Pro to read the full 4 topics flashcard-note study guide for this section.
Unlock with Pro
Section 99
Apply the civil limitations period and rescission offer
Pro
Apply the civil limitations period and rescission offer unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro
Section 100
Distinguish SIPC protection from investment loss coverage
Pro
Distinguish SIPC protection from investment loss coverage unlocks with Pro.Unlock Pro to read the full 0 topics flashcard-note study guide for this section.
Unlock with Pro