01.
Examination Required. The following examinations are required for
the following applicants: (3-23-22)
a.
Broker-dealer agent application. General agents of securities broker-dealers
are required to take and pass: (3-23-22)
i.
The applicable FINRA, examinations; and (3-23-22)
ii. Either the Series 63 or the Series 66
examination. (3-23-22)
b.
Investment adviser representative and investment adviser qualifying officer
application. Applicants for registration as investment adviser representatives
or as an investment adviser qualifying officer shall take and pass: (3-23-22)
i. The Series 65; or (3-23-22)
ii. The Series 66, the Series 7, and the
Securities Industry Essentials examinations. (3-23-22)
c. Specialized agent of a broker-dealer,
issuer agent and qualifying officer for non-FINRA broker-dealer application.
Specialized agents of broker-dealers, issuer agents and qualifying officers for
non-FINRA. broker-dealers application are required to take and pass: (3-23-22)
i. The applicable FINRA. examinations; and
(3-23-22)
ii. Either the Series 63
or the Series 66 examination. (3-23-22)
d. Sales of Viaticals. Persons selling
viatical investments are required to take and pass the Securities Industry
Essentials and Series 7 examinations. (3-23-22)
02.
Specialized Examination
Authority. Any registration granted pursuant to a specialized
examination will be restricted, and the registrant will be authorized to effect
securities transactions only in securities of the type specified by the
conditions of the license. (3-23-22)
03.
Investment Adviser Representatives
- Waiver. An applicant for investment adviser representative or
investment adviser qualifying officer registration may qualify for a waiver of
the examination requirement if the applicant currently holds one (1) of the
following designations: (3-23-22)
a. Certified
Financial Planner (CFP) awarded by the Certified Financial Planner Board of
Standards, Inc.; (3-23-22)
b.
Chartered Financial Consultant (ChFC) awarded by the American College, Bryn
Mawr, Pennsylvania; (3-23-22)
c.
Chartered Financial Analyst (CFA) awarded by the Institute of Chartered
Financial Analysts; (3-23-22)
d.
Personal Financial Specialist (PFS) awarded by the American Institute of
Certified Public Accountants; (3-23-22)
e. Chartered Investment Counselor (CIC)
awarded by the Investment Counsel Association of America, Inc.; or
(3-23-22)
f. Such other
professional designation as the Administrator may by rule or order recognize.
(3-23-22)
04.
Waiver. The Administrator, in his sole discretion, may waive any
examination required by this rule upon a sufficient showing of good cause and
upon any conditions he may impose. (3-23-22)
