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Through registration and oversight under the law, the DFPI supports a healthy and trusted financial marketplace. The Broker-Dealer and Investment Adviser Division (BDIA) reviews applications for licensure under the California Corporations Code Sections 25210 and 25230 and, if all requirements are met, applicants receive a registration approval.
The examination requirements are the current Uniform Investment Adviser Law Examination (“Series 65”) or the General Securities Representative Examination (“Series 7”) and Uniform Combined State Law Examination (“Series 66”).
Steps to Register. Step 1: IARD System. Step 2: Funding the Daily Account. Step 3: Complete the Form ADV. Step 4: Submission of Form ADV. Step 5: Investment Adviser Representatives. Step 6: Submit Complete Application. Investment Adviser Registration Depository.
As a registered representative in California you must become licensed to sell securities through the California Department of Corporations, Securities Regulation Division before you’ll be allowed to solicit clients. Featured Programs: Sponsored School (s) Southern New Hampshire University.
To become registered, securities professionals must pass qualifying exams administered by FINRA to demonstrate their competence in the particular securities activities in which they will work. An individual must pass the exams prior to engaging in those areas of the business.
2 paź 2024 · Financial securities licenses like Series 7 and Series 63 are required by individuals who market and sell investments or securities.
All states require that investment advisers (IAs) and investment adviser representatives (IARs) conducting business in the state register with the state’s securities regulatory authority (or qualify for an exemption from registration). Approximately 17,500 investment advisers are so registered.
