Learn how Series 63 tests agent registration, Form U4, outside-account rules, and payments to unregistered persons.
This chapter shifts from the firm to the individual. Series 63 expects candidates to distinguish the broker-dealer from its agents, know when agent registration is required, and recognize the control rules around Form U4, accounts at other firms, and compensation involving unregistered persons.
Read this chapter as a status-and-permitted-activity chapter. First classify the person’s role, then determine what registration and control obligations follow from that status.