Tuesday, March 29, 2011

Illinois Adopts by Emergency Written Exam for Salespersons Dealing Exclusively in Investment Banking

Salespersons intending to deal exclusively in investment banking must take and pass the Investment Banking Representative Examination (Series 79), as well as either the Series 63 or 66 Exam. FINRA is added to a definitions rule and replaces the NASD in the salesperson exam rule. These rule changes are adopted by emergency of the Illinois Securities Department, effective March 10, 2011 for a maximum 150 days.