How to Become Registered as a Non-FINRA or Issuer Securities Agent
Examination - The individual
initially must be employed by a Broker Dealer for sponsorship of him/her to
take the appropriate exams required by the Federal Regulatory Agency. Michigan
requires the Series 63 exam. Waivers may be granted for the following reasons;
if the Series 66
exam was passed in lieu of the Series 63.
if an agent was
approved in the securities business prior to the Series 63 requirement
going into effect, and has not been unregistered for a period of two
or more years.
if an agent passed
the Series 63, and has been registered within the preceding two years
in a state requiring the Series 63.
if a non-FINRA agent
was registered with a self-regulatory organization within the previous
two years.
However, in order to
grant the waiver our office must be notified of the agent's Series
63 deficiency by email at ofis-sec-info@michigan.gov
or fax (517/373-0549, Attn Securities Agent Registration Unit).
A Form
U-4 completed and signed must be submitted directly to the attention of
Office of Financial
and Insurance Regulation, Licensing, P.O. Box 30220, Lansing, MI 48909.
A $65.00 per agent
check made payable to the State of Michigan must accompany the application.
A Michigan fingerprint
card must be completed and submitted. To obtain a card, contact Securities
Agent Licensing at 877/999-6442.
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