002-5 Wyo. Code R. § 5-1

Current through April 27, 2019

Section 5-1 - Initial Registration

Persons applying for securities agent registration shall:

(a) Be affiliated with a broker-dealer who is currently registered with the Secretary of State, unless registering as an agent of an issuer under Section 2 of this Chapter.

(b) Make initial application by completing the Uniform Application for Securities Industry Registration, Form U-4, in accordance with the form instructions, filing the form with the CRD, and paying the fee set forth in W.S. § 17-4-410(b) through the CRD.

(c) Take and achieve a passing score on the Uniform Securities Agent State Law Examination (USASLE, Series 63) or the Uniform Combined State Law Exam (Series 66) and take and pass any qualification examination for agents appropriate to the category of registration requested with FINRA or other securities exchange. The Secretary of State may waive this requirement if:

(i) The applicant has taken and achieved a passing score on the Series 63 exam or Series 66 exam within two years of the date of application; or

(ii) The applicant has taken and achieved a passing score on the Series 63 exam or Series 66 exam and has been registered in another jurisdiction without a lapse in registration for two or more years, or;

(iii) The applicant was registered as a securities agent in Wyoming before January 1, 1982 and has been continuously registered since that time; or

(iv) The applicant has been continuously registered in another jurisdiction not requiring the Series 63 Examination since January 1, 1982 or before or;

(v) Is an executive corporate officer, director, corporate officer of a general partner or manager of an issuer marketing its own securities and who does not receive sales related remuneration.

002-5 Wyo. Code R. § 5-1

Amended, Eff. 10/27/2017.