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What examinations are required to qualify the firm for a broker-dealer registration?

April 26, 2017Banks broker-dealer credit unions department of financial institutions dfi examinations firm qualify registration

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What examinations are required to qualify the firm for a broker-dealer registration?

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The examinations required are different for the various types of broker-dealer registration available in Washington. WAC 460-20B-040 specifies that the designated principal must have passed the Uniform Securities Agent State Law Exam (Series 63) or the Uniform Combined State Law Examination (Series 66) AND the appropriate qualifying examination or examinations administered by such national securities association (such as FINRA) for the activities in which the broker-dealer is to engage. If your firm does not specify the type of registration it is applying for, the Securities Division will assume that it is seeking a general securities registration.