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The cost of the exam is $40. Individuals are allowed 90 minutes to complete 50 multiple choice questions. The passing score is 70%, and those who fail this exam must wait thirty days before taking it again. In order to be registered with the Series 6, an individual must also pass the Securities Industry Essentials Exam (The SIE Exam).
(Currently in California, about 90,000 behind-the-wheel tests are administered every month to first-time drivers and those who might be having problems, including older drivers).
Some state laws and broker/dealer policies also require the Series 63 examination (known as the Uniform Securities Agent State Law Exam). [ citation needed ] [ 1 ] A registered representative ("RR" or "rep" or "broker") is authorized to sell a large array of securities such as stocks, bonds, options, mutual funds, limited partnership programs ...
In November, 19,000 people of all ages took the DMV's eLearning course, compared with 47,500 people in April. Above, a line outside a DMV office in South L.A. in 2018.
The examination is designed to qualify candidates as securities agents in the United States; nearly all states require individuals to pass the Series 63 as a condition of state registration. The Uniform Securities Agent State Law Examination consists of 65 multiple-choice questions. Applicants are allowed 75 minutes to complete the examination.
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related to: series 6 securities license renewal california practice test 2024 questions