If a registered representative of a broker-dealer wants to open a Series 65 exam window, it is the understanding of RIA Compliance Consultants that the registered representative must now go through his or her broker-dealer’s Web CRD account by using Form U4. This could create an additional challenge for certain registered representatives preparing to depart a broker-dealer.
The Form U10 is the Uniform Examination Request used for candidates, who are not employed by or associated with a broker-dealer, to open up a window to take a Series 65 examination. In the past, an individual associated with a broker-dealer could use the Form U10 to open an exam widow without going through his or her broker-dealer’s Web CRD account. However, now an individual currently associated with a broker-dealer must file the Form U4 through the broker-dealer’s Web CRD to open the Series 65 exam window.
If you have any questions regarding our investment adviser registration services, please click here to schedule an introductory call with Tammy Emsick at RIA Compliance Consultants.
Posted by Bryan Hill
Labels: IAR Licensing