An Overview of the Series 63 Securities Exam and License

1. An Overview of the Series 63
Securities Exam and License
By: Gary Teran

2. An Overview of the Series 63 Securities Exam and
License
An accomplished financial executive, Gary Teran serves as the president and CEO of First Western
Advisors in Salt Lake City, Utah. Throughout his career, Gary Teran has achieved several professional
certifications and designations, including his Series 63 license.

3. An Overview of the Series 63 Securities Exam and
License
Also known as the Uniform Securities Agent State Law Examination (USASLE), the Series 63
securities exam and license allows individuals to solicit the purchase or sale of securities such as
stocks, bonds, mutual funds, and variable annuities. Those who are interested in selling securities are
required to acquire a Series 63 license, as well as Series 7 and Series 6 licenses. The Series 63
license exam, which was recently updated to account for the new 2018 tax code, measures not only
the agents’ knowledge of state securities regulations and fiduciary obligations but also their
understanding of the ethical practices involved with the sale of various investment products.

4. An Overview of the Series 63 Securities Exam and
License
Developed by the North American Securities Administrators Association (NASAA) and administered by
the Financial Industry Regulatory Authority (FINRA), the Series 63 exam consists of 65 multiple-choice
questions to be completed within 75 minutes.