Thursday, July 07, 2011

New Jersey Issues Exam Waiver for IA Reps

Individuals previously employed as investment adviser representatives who took the New Jersey-required written examinations but are not currently working in a position that requires investment adviser representative (IAR) registration may apply for an exam waiver, effective July 5, 2011. Requests to waive the IAR exam requirement must be sent directly to the Chief of the New Jersey Bureau of Securities in writing no later than the date an individual files a registration application with the CRD/IARD or Bureau, as appropriate. Individuals must have been continuously and lawfully active in the securities field for at least two full years before filing their request because the Bureau will grant a request based solely on an individual's investment advisory knowledge, training and experience.