APPLICATION REQUIREMENTS FOR

INVESTMENT ADVISER REPRESENTATIVES

{Code of Alabama 1975, § 8-6-3 and Commission Rule 830-X-3}

 

 

1.            Filing fee:  $60.00 per representative through CRD.

 

2.            File electronically a current and complete FORM U-4 / INSTRUCTIONS  for each investment adviser representative through CRD.

 

3.            Examination Requirements:

 

Please Note:  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%

 

 

THE COMMISSION DOES NOT GRANT EXAM WAIVERS.