Application Requirements for
Investment Adviser Representatives
Investment Adviser Representatives
{Code of Alabama 1975, ยง 8-6-3 and Commission Rule 830-X-3} |
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Please Note: Effective January 1, 2010, the new passing scores for each securities law exam will be as follows:
Test | Raw Score | Percentage of Test Points |
Series 65 | 94 | 72% |
Series 63 | 43 | 72% |
Series 66 | 75 | 75% |
Exam waivers are avilable under limited circumstances and are strictly granted on an individual basis.
Pursuant to Code of Alabama, 1975, Section 8-6-3(j)(8), an applicant may be denied registration if he or she is insolvent. Applicants may be required to submit a current attested balance sheet in order to confirm compliance. Applicants may submit their own completed balance sheet form or complete the attached balance sheet form for submission.