North American Securities Administrators Association - NASAA


DEFINITION of 'North American Securities Administrators Association - NASAA'

A voluntary organization, established in 1919, of securities regulators whose aim is to protect investors who buy securities or investment advice by educating the public, investigating violations of state and provincial law and filing enforcement actions. Membership includes securities regulators from all 50 U.S. states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada and Mexico.

BREAKING DOWN 'North American Securities Administrators Association - NASAA'

NASAA also administers the Series 63, 65 and 66 examinations, which licenses finance professionals to function as an agent . In most States, the Series 63 is a requirement for securities agents.

  1. Series 63

    A securities license entitling the holder to solicit orders for ...
  2. National Association Of Securities ...

    The NASD was a self-regulatory organization of the securities ...
  3. Series 66

    An exam administered by the Financial Industry Regulatory Authority ...
  4. Series 65

    A securities license required by most U.S. states for individuals ...
  5. Brand

    A distinguishing symbol, mark, logo, name, word, sentence or ...
  6. Catalyst

    A catalyst in equity markets is a revelation or event that propels ...
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  1. Do I need a class to take the Series 63 exam?

    There are no specific educational prerequisites for the Series 63 exam or the Series 7 exam candidates must pass before sitting ... Read Full Answer >>
  2. I need special accommodations when taking the Series 63 exam. How are such arrangements ...

    The Series 63 exam is administered by the North American Securities Administrators Association (NASAA) to test financial ... Read Full Answer >>
  3. I decided not to take the Series 63 exam. Can I get a refund?

    You cannot get a refund if you simply decided not to take the Series 63 exam. Reimbursement of exam fees is only approved ... Read Full Answer >>
  4. What are my options if I fail my Series 63 exam?

    A person can retake the Series 63, 65 or 66 exam an unlimited number of times, so long as applicable waiting period requirements ... Read Full Answer >>
  5. How much time can I expect to spend on studying for the Series 63 exam?

    When candidates register for the Series 63 exam, a 120-day window opens, allowing them to study and schedule the exam at ... Read Full Answer >>
  6. How is the Series 63 exam set up?

    The Series 63 exam has 65 questions. The first 60 count directly towards candidate scores. Five questions at the end are ... Read Full Answer >>
  7. My scores on the Series 63 average a passing grade, but the testing center said I ...

    The Series 63 exam has a total of 65 questions, of which five do not count toward candidate scores. Candidates pass the exam ... Read Full Answer >>
  8. How long is the validity period for a Series 63 exam if I have not been registered?

    Most states accept a passing Series 63 result that is under two years old. After two years, accepting the score is up to ... Read Full Answer >>
  9. Can you trade securities before you pass the Series 63 exam?

    Many states require a license and registration before taking orders for securities trading. Each state may set its own requirements ... Read Full Answer >>
  10. How long is the Series 63 exam?

    The Series 63 exam has 65 questions, of which 60 count directly towards candidate scores. Five are new questions being tested ... Read Full Answer >>
  11. How can I report a problem that occurred on my Series 63 exam?

    Any problem occurring on a Series 63 exam should be reported to the proper authority. Problems with the test center should ... Read Full Answer >>
  12. I would like a refund for my Series 63 exam. What should I do?

    The North American Securities Administrators Association (NASAA) rarely refunds the fees paid to sit for the Series 63 exam, ... Read Full Answer >>
  13. What is the best way to study for the series 63 exam?

    The Series 63 exam is based on the Uniform Securities Act and recommended model policies developed by the North American ... Read Full Answer >>
  14. I gave an answer on the test from my study guide that was scored wrong on the Series ...

    The North American Securities Administrators Association (NASAA) does not endorse study guides developed by outside organizations ... Read Full Answer >>
  15. My 120-day Series 63 exam window is about to close, but I need more time to study. ...

    Extensions are available on rare occasions. Candidates should apply for an extension with the North American Securities Administrators ... Read Full Answer >>
  16. Do I have to be a U.S. citizen to sit for the Series 63 exam?

    United States citizenship is not required for Series 63 test-takers. Candidates may take the exam inside or outside the U.S. ... Read Full Answer >>
  17. Do I need to pass the Series 63 if I am just taking orders for securities?

    State requirements vary. The Series 63 may be required, depending on how the individual state defines "agent" and "Investment ... Read Full Answer >>
  18. How long must I wait after failing the Series 63 exam before I can take it again?

    Waiting periods are in place for candidates who wish to retake the Series 63 exam. Between retakes, the waiting period is ... Read Full Answer >>
  19. Is there a limit on the number of times I can re-take the Series 63 exam?

    There is no limit to the number of times a candidate may retake the Series 63 exam. The North American Securities Administrators ... Read Full Answer >>
  20. Are waivers granted to the 180-day waiting period to re-take the Series 63 exam?

    Candidates retaking the Series 63 exam must wait for 30 days after failing it on the first or second attempt. After failing ... Read Full Answer >>
  21. Which version of the Uniform Securities Act should I study to prepare for my Series ...

    The Uniform Securities Act was drafted in 1956. Subsequent revisions are not universally applicable to all states. Candidates ... Read Full Answer >>
  22. If I failed the Series 66, does the waiting period apply if I want to take the Series ...

    The waiting period only applies to retaking the same North American Securities Administrators Association (NASAA) exam. Candidates ... Read Full Answer >>
  23. Does NASAA or anyone else give out the series 63 exam questions?

    Outside of the proctored exam, no access to Series 63 exam questions is offered. Providing access to questions would invalidate ... Read Full Answer >>
  24. Are series 63 exams given outside of the United States?

    Series 63 exams are offered at authorized testing centers around the world. The exam does not require U.S. citizenship. Test ... Read Full Answer >>
  25. How often, and how, is a series 63 exam updated?

    Series 63 exams draw questions from a test bank based on state regulations, the Uniform Securities Act and North American ... Read Full Answer >>
  26. Can a church issue a bond?

    The North American Securities Administrators Association (NASAA) has acknowledged that "church bonds" are allowed to be issued ... Read Full Answer >>

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