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Those interested in expanding their offerings as financial planners by selling variable annuities must complete the life line of authority licensing process outlined above, and also qualify as security brokers by taking the FINRA Series 6 or Series 7 Exam and the 63 Exam.
You do not need to be sponsored by a broker-dealer in order to be able to take the required exam for licensure in New York (Series 63 or 66). In order to take the Series 7, which, is required by all FINRA member broker-dealer firms, you’ll need to have a broker-dealer firm sponsor you.
What filing is required? All firms seeking to register or notice file to conduct investment advisory or solicitor business in New York must file the form ADV through the IARD system. Firms applying for state registration must submit Parts 1A, 1B, 2A and 2B.
To become a financial advisor in New York, you’ll need to register an independent investment adviser (IA) firm or secure employment as an investment adviser representative (IAR) with an established New York-registered IA.
The New York State DFS uses the Nationwide Mortgage Licensing System (NMLS) as the initial step in the Mortgage Loan Originator license application process. The NMLS can also be used to renew, amend or surrender an existing license.
10 mar 2021 · Personnel for certain investment advisers and solicitors with natural person clients in New York will have to meet new registration and examination requirements. Affected persons must be approved before December 2, 2021, to continue conducting investment advisory business in New York state.
26 gru 2023 · The FINRA Series 8 license, officially known as the General Securities Sales Supervisor Qualification Examination (GS), is a regulatory requirement for individuals supervising the sales activities of general securities representatives.
