Issuer agent registrations are restricted registrations and the agents can only sell securities on behalf of the one issuer with whom they are registered.
To make application as a Restricted/Issuer Agent, please submit the following to the Commission:
- Form
U-4 | Instructions
- $70 application fee
- Evidence of having passed the
appropriate exams
a. Series 63 or Series 66
b. An examination on general or limited
securities principles, i.e. S7
|
Please Note the Following Information:
- Restricted Agent Registration terminates on December 31st unless registration is renewed for the following year. The renewal fee of $70 is to be remitted to the Commission prior to December 31st.
- Effective January 1, 2010, the new passing scores for each securities law exam will be as follows:
| Test |
Raw Score |
Percentage of Test Points |
| Series 65 |
94 |
72% |
| Series 63 |
43 |
72% |
| Series 66 |
75 |
75% |
Exam waivers are available under limited circumstances and are strictly granted on an individual basis.