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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.”.
Under Illinois law, all securities offered or sold in the state must be registered prior to offer or sale, unless exempt by law. The National Securities Markets Improvement Act of 1996 (NSMIA) redefined which securities required state registration.
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. For more information, please refer to Instructions for Registration as an Investment Adviser. Application for registration as a ...
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).
Here is a brief summary of certain requirements of an investment advisor firm registering in Illinois. Registration Fees: Initial State Registration of Investment Advisor Firm: $400; Renewal State Registration of Investment Advisor Firm: $400; Investment Adviser Representative Registration: $150
a) Examination Requirements. Any person applying to be registered as an Investment Adviser Representative 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 Examination (Series 65 examination); or.
23 lut 2024 · 1) Proof of passing one or more of the requisite examinations listed in Section 130.822 for each principal required to take the examinations required by subsection (c), unless the Secretary issues an Order waiving the examination requirements pursuant to Section 130.823 and Section 8.B (9) of the Act;
