| License Description |
Securities Salespersons buy and sell stocks and bonds for individuals and organizations as a representative of stock brokerage firms, applying knowledge of securities, market conditions, government regulations, and financial circumstances of customers. Give information and advice regarding stocks, bonds, market conditions, and history and prospects of various corporations to prospective customers, based on interpretation of data from securities reports, financial periodicals, and stock-quotation-viewer screen, and persuade customers to buy or sell specific securities according to their financial needs. Record and transmit buy or sell orders to trading division in accordance with customer's wishes. Calculate and record cost of transaction for billing purposes, using quotations received during transmittal of order. Develop portfolio (list) of selected investments for customer.
Legislation: NH RSA 421-B
Licensure Requirements:
- Must be at least 18 years of age
- Must be of good moral character
- Any misdemeanor or felony may be grounds for denial
- Complete and pass examination
- Securities salespersons must submit a complete Form U-4 and a fee of $130 to the Central Registration Depository/Investment Adviser Registration Depository (Web CRD/IARD)
- Required documents are available on the Secretary of State's web site at: <sos.nh.gov/bdreg.aspx>
Examination: Written examination required: Series 63 or 66 Uniform State and Securities Law examination conducted by the Financial Industry Regulatory Authority (FINRA)
Continuing Education: As required by FINRA
Fees:
- Broker/Dealer
- Initial license fee: $250
- Application fee: $50
- Amended license fee: $100
- Annual renewal fee: $250
- Agents
- Initial license fee: $100
- Application fee: $30
- Amended license fee: $25
- Annual renewal fee: $100
- Issuer/Dealer
- Initial license fee: $50
- Application fee: $25
- Annual renewal fee: $50
All licenses expire annually on December 31
Reciprocity: Not permitted
revised Jan 2018 |