Covers the current NASAA Series 63 exam outline · Written and maintained by Todd Lavergne, Todd Lavergne Media · Last updated Oct 2026

The Series 63 is a law-and-ethics exam, and most of it comes down to a short list of definitions, exemptions and prohibited practices. This two-page cram sheet puts that list in one place for your final review.

Page 1 walks through all eight sections of NASAA’s current Series 63 test specifications in order, with each section’s weight and number of scored questions. Ethics (25%) and Communications (20%) get the space they deserve.

Page 2 is charts:

Who is who: broker-dealer vs agent vs investment adviser vs IAR vs issuer. It covers who registers, when, and the key exclusions.
Exempt securities vs exempt transactions, side by side, with a reminder that anti-fraud always applies.
The Administrator’s toolbox: cease-and-desist, deny/suspend/revoke, stop orders and subpoenas.
Plain-English acronyms (USA, NSMIA, LATE, ADV 2A/2B, U4/U5) and the numbers worth memorizing: 43 of 60, noon on day 30, five retail clients in 12 months, 10 preorganization subscribers.

It’s built from our Series 63 Complete Guide and checked against NASAA’s published outline. It’s a summary for review, not a full course. If you’re using Kaplan, STC, Achievable or another provider, it works as a low-cost add-on for the last few days before the test.

Letter-size PDF, print-friendly. Updated October 2026. Independent study aid; not affiliated with NASAA or FINRA. State laws differ from the model act, so confirm your state’s rules.