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The following regulations are strictly enforced: Regulations Under the Illinois Securities Law of 1953, 130 ILAC 842 (b) (2) and 130 ILAC 843 (b) (2) respectively, state “Any person who has not been registered in any jurisdiction for a period of two years shall be required to comply with the examination requirements of this Section.”.
Any person who engages in the business of financial planning or who manages $100 million or less in investments is required to register as a state-registered investment adviser with the Illinois Securities Department.
Investment adviser representatives must pass a qualifying examination and be registered with the Illinois Securities Department. Other frequently used terms to describe persons rendering these types of services include: financial planner, money manager, financial consultant, asset allocation analyst, and fee-only planner.
Becoming a stockbroker in Illinois will require you to register as a brokerage salesperson with the Illinois Securities Department, the Securities and Exchange Commission (SEC), and an SEC-recognized self-regulatory organization (SRO).
SUBTITLE A: REGULATION OF BUSINESS. CHAPTER I: SECRETARY OF STATE. PART 130 REGULATIONS UNDER ILLINOIS SECURITIES LAW OF 1953. SECTION 130.843 EXAMINATION AND EDUCATION PROGRAM REQUIREMENTS FOR REGISTRATION AS AN INVESTMENT ADVISER REPRESENTATIVE UNDER SECTION 8.D-5 OF THE ACT.
24 maj 2024 · a) Examination Requirements. Any person applying to be registered as an Investment Adviser principal under the Act shall provide the Secretary of State with proof of obtaining a passing score on one of the following examinations: 1) The Uniform Investment Adviser Law Examination (Series 65 examination); or.
Professionals seeking to work in Illinois must first receive, and properly complete an application for licensure. Applications differ depending on the profession and the method of applying, including examination, endorsement from another state or acceptance of an examination taken in another state.
