Registration and Post-Registration
Chapters in this video
- 0:00 State registration: where Avery always files
- 1:33 Five exam waivers and the CIC trap
- 2:35 Visiting clients versus having a place of business
- 3:28 The magic number six: de minimis exemption rules
- 4:29 Form U4 amendments: 10 days versus 30 days
- 5:52 Continuing education: 12 credits, no carryforward
- 6:54 Post-withdrawal enforcement: one year versus five years
- 8:26 Rapid-fire exam recap
What this video covers
- Why IARs always register with states, never with the Securities and Exchange Commission (SEC), even when employed by a federally covered adviser
- How to identify the five qualifying professional designations that waive the Series 65 exam requirement, and why Chartered Investment Counselor (CIC) is no longer valid
- What the de minimis exemption requires: no place of business in the state plus fewer than six resident clients in the preceding 12-month period
- When the 10-day Form U4 amendment deadline applies versus the 30-day deadline for other reportable events
- How continuing education (CE) credit requirements split between ethics and products and practice, and why excess credits do not carry forward
- Why a state administrator retains one year of post-withdrawal jurisdiction for revocation proceedings, and the separate five-year criminal statute of limitations
- The critical distinction between administrative penalties (revocation, suspension) and criminal penalties (fines, prison) that only courts can impose
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 65 course also includes adaptive practice questions and spaced-repetition flashcards, free through December 31, 2026.