| Agency |
Secretary of State |
| Phone |
217.785.4929 |
| URL |
www.cyberdriveillinois.com/departments/securities/home.html |
| Job Description |
An individual who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or the advisability of investing in, purchasing, or selling securities or who, for direct or indirect compensation and as part of a regular advisory business, issues or promulgates analysis or reports concerning securities. |
| Statute |
Illinois Securities Law of 1953 (815 ILCS 5/1) |
| Type of Regulation |
Registration |
| Number Regulated |
750 |
| Age |
18 |
| Education/Experience |
Attainment of one of the following provides a waiver for the examination:
- Chartered Financial Analyst (CFA);
- Chartered Investment Counselor (CIC);
- Chartered Financial Consultant (ChFC);
- Certified Financial Planner (CFP); or
- Personal Financial Specialist (PFS).
|
| Exam |
a. Series 65 Exam, or b. Series 7 Exam and Series 66 Exam. |
| Exam Type |
Computer |
| Administered |
Exams administered thru Pearson Professional Centers and Prometric Testing Centers. Hours may vary. |
| Exam Fee |
Series 7-$265, Series 66-$128; Series 65-$135 |
| Passing Criteria |
70% |
| Repeats |
Three times |
| Continuing Education |
No requirement |
| Citizenship |
No requirement |
| Other |
The entity must have an exam-qualified principal. |
| Note |
Licensure requirements, licensure fees, examination fees and exam administration are subject to change. |
| Application Fee |
$400.00 |
| License Fee |
|
| Renewal Fee |
$400.00 |
| Reinstatement Fee |
NA |
| License Period |
Calendar year |
| Reciprocity/Endorsement |
No |
