The Uniform Securities Act is a foundational component of Series 63 Practice Examthe Series 63 Exam. Candidates must be familiar with its provisions, including:
Registration Requirements: Knowledge of the registration processes for broker-dealers, agents, investment advisers, and their representatives.
Exemptions: Understanding various exemptions from registration and the conditions under which they apply.
Fraudulent Practices: Awareness of practices Series 63 Practice Examdeemed fraudulent or deceptive under the Act.
2. State Securities Laws
Each state has its own set of securities laws and regulations. Key areas to focus on include:
State Regulatory Bodies: Understanding the role and authority of state regulatory agencies.
