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Securities Agents/Salesperson Reporting
License Description Individual employed as an agent of a broker-dealer. Fees: $25 for each new agent employment and transfer notification (not applicable to Issuers' Agents). Examination Frequency: The Financial Industry Regulatory Authority (FINRA), successor to the National Association of Securities Dealers (NASD), administers all qualifying examinations required under the California Code of Regulations Section 260.217. Contact FINRA concerning the frequency of examinations. Qualifying Examinations: Each agent employed by a broker-dealer must pass the Uniform Securities Agent State Law Examination, Series 63 (Series 63) or the Uniform Combined State Law Examination (Series 66) and meet all applicable examination requirements of the U.S. Securities & Exchange Commission (SEC) and the self-regulatory organization (SRO) of which the broker-dealer is a member. (Not applicable to Issuers' Agents). Exam Locations: Contact FINRA. Experience Requirement: not available Average Time to Process Application: 3 business days. Renewal Period: Yearly (December) Renewal Amount: $35 Special License Requirements: not available Comments: Broker-dealers are responsible for reporting employment and payment of fees for all agents. Agents must file fingerprint card and information statement with FINRA. All agents employed by issuers are reported by the issuer in its application for authority to issue securities. Authority: Corporations Code, Section 25210(b).
Licensing Agency
Department of Financial Protection and Innovation
Sacramento Office
2101 Arena Boulevard
Sacramento, CA 95834
(866) 275 2677
ask.dfpi@dfpi.ca.gov
Active Status Active
Criminal Record No criminal record prohibitions
Exam Third-party exam required
License Type Register with licensing agency
License Updated 08/09/2023
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