Associated Person Registration: Rapid Fire
Chapters in this video
- 0:00 The two-tier test: AP vs. required registration
- 1:30 Fingerprinting by access, not by customer contact
- 3:03 Customer orders destroy the clerical exemption
- 4:29 Statutory disqualification: felony, misdemeanor, 10-year window
- 5:40 Number barrage: 30 days, 10 days, 2 years, 5/10 history
- 7:31 Rapid-fire exam recap
What this video covers
- The two-tier registration test: who is an associated person versus who must actually register
- Why the Securities Industry Essentials (SIE) exam alone is not a license, and what Riley still needs before selling to Carla
- The fingerprinting rule based on access to securities, money, or original books and records, not customer contact, and the three-year retention requirement
- How accepting a customer order destroys the clerical or ministerial exemption, and the narrow verbatim-transcription exception
- The 10-year look-back for felony and specified-misdemeanor statutory disqualification, and the strict difference between 10 and 12 years
- The Form U4 and Form U5 filing windows (30 days routine, 10 days statutory disqualification, 2 years retained jurisdiction) and why swapping them is fatal
- Why CE inactive does not terminate registration, and why each license category carries its own separate annual Regulatory Element
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 24 course also includes adaptive practice questions and spaced-repetition flashcards, free through the end of 2026.