CRD System AG Qualification Requirements

The AG position is the designation used in the Web CRD® system to identify a person who has been approved to sell securities in a particular state. Many states require qualification by examination for this position; however, the qualification requirements vary from state to state. The North American Securities Administrators Association (NASAA), after consultation with the states, has provided the qualification requirements utilized by the CRD system to establish the AG position in the various states. For any questions that you may have regarding a state's licensing requirements, please contact the state directly.

 

Colorado (CO), District of Columbia (DC), Florida (FL), Louisiana (LA), Maryland (MD), New Jersey (NJ), Ohio (OH), Puerto Rico (PR) and Vermont (VT) do not require the Series 63. To qualify for the AG position in all other states, Web CRD requires that an individual meet at least one of the following criteria:

 

  1. The individual must have taken and passed the Series 63 (S63) Examination no more than two years prior to the date that the application for state registration is electronically filed (submitted) in CRD.
    OR
  2. The individual must have taken and passed the S63 Exam no more than two years prior to the start of his/her CRD Continuous Registration Period,1 and the individual must have also held an "approved" AG registration with any jurisdiction within the two years prior to the date that the application for state registration is electronically filed (submitted) in CRD.
    OR
  3. The individual must have taken and passed the Series 66 (S66) Examination no more than two years prior to the date that the application for state registration is electronically filed (submitted) in CRD and also must have passed the Series 7 Examination (S7) no more than two years prior to the start of his/her CRD Continuous Registration Period.
    OR
  4. The individual must have taken and passed the S66 Exam no more than two years prior to the date that the application for state registration has been electronically filed (submitted) in CRD, and also he/she must have been registered as a GS, TR or TS during his/her CRD Continuous Registration Period.
    OR
  5. The individual must have taken and passed the S66 and S7 Exams no more than two years prior to the start of his/her CRD Continuous Registration Period and he/she must have held an "approved" AG registration with any jurisdiction within the two years prior to the date that the application for state registration is electronically filed (submitted) in CRD
    OR
  6. The individual must have taken and passed the S66 no more than two years prior to the start of his/her CRD Continuous Registration Period and have been registered as a GS, TR or TS during his/her CRD Continuous Registration Period; and also, he/she must have held an "approved" AG registration with any jurisdiction within the two years prior to the date that the application for state registration is electronically filed (submitted) in CRD.
    OR
  7. The individual must have taken and passed the S66 Exam prior to 1/1/2000 and have held an "approved" AG registration with any jurisdiction within the two years prior to the date that the application for state registration is electronically filed (submitted) in CRD.




1 The CRD Continuous Registration Period is used to determine whether there has been a gap of more than two years in a person's registration history (investment adviser (RA) registrations don't count in determining this period). The Continuous Registration Period is calculated by identifying the period of time beginning with the earliest approved non-investment adviser representative (RA) registration after which there is no gap in non-RA registration in excess of two years. The two-year gap is calculated from the termination date (i.e., the employment termination date) stated on the individual's Form U5.

Last Updated: 6/21/2006