Review the Series 63 rules for broker-dealer registration, Form BD, and supervisory standards under state and federal law.
The first Series 63 chapter covers the firm-level side of state securities law. NASAA expects candidates to understand when a broker-dealer must register, how federal and state registration concepts fit together, and why supervision standards matter even on an exam that feels mostly legal on the surface.
Read this chapter as the firm’s licensing and control layer. Start with broker-dealer registration and Form BD logic, then move into the supervisory controls that keep the registered firm compliant after registration is in place.