It does seem kind of ridiculous to allow someone who committed fraud to sit for the Series 63. > To obtain a Series 63 license, the applicant must pass an exam

It does seem kind of ridiculous to allow someone who committed fraud to sit for the Series 63. > To obtain a Series 63 license, the applicant must pass an exam to demonstrate knowledge of state securities acts and related rules and regulations, as well as knowledge of ethical practices and fiduciary obligations. http://www.investopedia.com/terms/s/series63.asp http://www.investopedia.com/terms/s/series63.asp