FINRA licensing & registration
Take advantage of our proven pathway to procure the FINRA and state registration and licensing you need. If you are already a licensed professional, the transition to our platform is fast and painless.
In addition to FINRA and state registration and licensing, we support your ongoing activities through our proprietary processes, technology, and experienced staff. A business-friendly, noninvasive approach to compliance allows you to operate independently while still meeting the necessary regulatory requirements. With ongoing education and support through the deal process from engagement letter to close, you focus on and close more transactions.
If you are not licensed, you will need to obtain your Securities Industry Essentials (SIE), Series 79, and Series 63.
After passing the SIE, you will be ready to register with IIB. We will sponsor you to take the Series 79 or any other exam appropriate for your engagements.
Securities Industry Essentials (SIE)
The SIE Exam is a FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry. Exam content may include types of products and their risks, the structure of the securities industry markets, regulatory agencies and their functions, and prohibited practices.
The SIE is open to any prospective candidates interested in demonstrating basic industry knowledge and pursuing other Series exams. The SIE is a prerequisite, and association with a firm is not required to take the SIE. Exam results are valid for four years.
Passing the SIE alone does not qualify an individual for registration with a FINRA member firm or to engage in securities business. To become registered to engage in securities business, an individual must pass the SIE and a qualification exam appropriate for the type of business the individual will engage in. The individual must be associated with a member firm to take a qualification exam.
You can register for the SIE at the below link. The SIE consists of 75 multiple-choice questions, requires a passing score of 70%, and costs $80.
Series 79 – Investment Banking Representative
The Series 79 exam covers activities including advising on and/or facilitating debt and equity offerings, mergers and acquisitions, tender offers, financial restructurings, asset sales, divestitures or other corporate reorganizations, and business combination transactions.
Candidates must be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO) member firm to be eligible to take FINRA representative-level qualification exams.
The SIE exam is a prerequisite to the Series 79 exam. Candidates must pass both the Series 79 exam and the SIE exam to obtain the Investment Banking registration. To affiliate with IIB, you must already have already passed the SIE.
The Series 79 exam consists of 75 multiple-choice questions, requires a passing score of 73%, and costs $300.
https://www.finra.org/registration-exams-ce/qualification-exams/series79
Series 82 – Private Securities Offerings Representative
The Series 82 exam qualifies a candidate for the solicitation and sale of private placement securities products as part of a primary offering.
Candidates must be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO) member firm to be eligible to take FINRA representative-level qualification exams.
The SIE exam is a corequisite to the Series 82 exam. Candidates must pass both the Series 82 exam and the SIE exam to obtain the Private Securities Offerings registration.
The Series 82 exam consists of 50 multiple-choice questions, requires a passing score of 70%, and costs $60.
https://www.finra.org/registration-exams-ce/qualification-exams/series82
Series 7 – General Securities Representative
The Series 7 exam qualifies a candidate to engage in the solicitation, purchase, and/or sale of all securities products, including corporate securities, municipal fund securities, options, direct participation programs, investment company products and variable contracts. Covered activities and products include public offerings and / or private placements of corporate stocks and bonds, rights, warrants, mutual funds, money market funds, UIT, ETFs, REITs, direction participation programs (DPP), venture capital, hedge funds, and options.
Candidates must be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO) member firm to be eligible to take FINRA representative-level qualification exams.
The SIE exam is a corequisite to the Series 7 exam. Candidates must pass both the Series 7 exam and the SIE exam to obtain the General Securities registration.
The Series 7 exam consists of 125 multiple-choice questions, requires a passing score of 72%, and costs $300.
https://www.finra.org/registration-exams-ce/qualification-exams/series7
Series 63 – Uniform Securities Agent State Law
All IIB bankers are required to take the Series 63 as a condition of state registration. This securities license entitles the holder to register in any state.
The Series 63 exam consists of 75 multiple-choice questions, requires a passing score of 75%, and costs $147.
https://www.finra.org/registration-exams-ce/qualification-exams/series63
If you would like to obtain discounted study materials for any of the above exams, please feel free to contact us. We will provide you a link to purchase study materials at a discount.