Investment Adviser Representatives: How To Register
Examination Requirement: Michigan requires the Series 65 examination. The exam must be passed within the 2 year period preceding the date of application. Exceptions are granted for the following reasons:
if the Series 66 exam was passed within the 2 year period preceding the date of application. However, an active Series 7 exam is required with the Series 66 exam.
if an IAR has been registered within the preceding two years in another state, as long as the state of registration also required the applicant to pass the S65 exam.
if an IAR has one of the professional designation found on the U-4 form or listed in Transition Order No. 09-049-M
Note: if you meet one of the exam exceptions listed above and your registration status on CRD indicates deficient, please notify our office of the deficiency by email or fax (517) 241-6356.
Application: Submit a Form U-4electronically through FINRA's nationwide database known as the Central Registration Depository (CRD) System. The employing investment adviser firm should have knowledge of this process; however, you may contact FINRA for further information at 301-590-6500. All forms to apply or withdraw an IAR registration are available through FINRA's website. (there is no fingerprint card requirement for Michigan IAR's)
Fee: IAR registration fees are $65. This fee is deducted automatically from the employing firm's account with FINRA and forwarded to Michigan.