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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.
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.
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).
This guide will instruct you on how to become a financial advisor in Illinois by registering a new investment adviser (IA) firm or registering as a representative (IAR) of an IA firm already registered at either the state level with the Illinois Securities Department or at the federal level with the Securities and Exchange Commission (SEC).
20 lip 2023 · The Securities Industry Essentials (SIE) exam is a FINRA exam that everyone starting a career in the financial services industry must take and pass to continue toward licensing. This exam assesses your knowledge of introductory topics related to the industry, and you need to be at least 18 years old to test.
