Job Description
A Registered Securities Representative is involved in the investment banking or securities business. There are a variety of categories of Registered Representatives to deal with different types of stocks, bonds, mutual funds, options, etc.

Requirements
1.  Must be associated with a business firm that is a member of the National Association of Securities Dealers, Inc. (NASD).
2.  Must pass the appropriate NASD examination with a score of at least 70% and either the S63 or S66 state law exam with a score of at least 70%.
3.  Must complete computer-based training within 120 calendar days of the second, fifth, and tenth anniversary of initial registration.
4.  Must fulfill prerequisite requirements for certain categories.

Restrictions
A violation of any Federal or state law or NASD or exchange rule that would prohibit the applicant from working in the securities business.  No person convicted of a felony violation of law may be registered as a securities agent.

School Located in Wyoming
No formal education is required in order to apply for registration. Study materials and training sessions to prepare for the examinations are available from the NASDR District Office in Denver and from private vendors who sell study guides available at many book stores. For the booklet “An Explanation of the NASD Registration and Qualifications Requirements” containing valuable information on NASD requirements, registration and fees, contact the NASD at:
        NASD Operations Center
        9513 Key West Avenue
        Rockville, Maryland  20850
        (301) 590-6500

License
Anyone wishing to work in the securities business in Wyoming must be affiliated with a member of the NASD.

Examination
Examinations are given at authorized testing centers throughout the United States. Wyoming residents can take examinations by contacting the Sylvan Technology Center at (800) 578-6273 to schedule an appointment at the closest location.

Fees
Fees vary according to the examination series. For a complete list of examination fees, contact the NASD.

Licensing Agency
Securities Division
Wyoming Secretary of State
Attn:  Tom Cowan
Capitol Building, Rm 109
Cheyenne, Wyoming  82002-0020
Phone: (307) 777-7370
Fax: (307) 777-7640
http://soswy.state.wy.us/securiti/reg_bd.htm 

NASDR District Office
370 17th Street, Suite 2900
Denver, Colorado  80202
Phone: (303) 446-3100
http://www.NASDR.com 

Additional Sources of Information
NASD Operations Center
9513 Key West Avenue
Rockville, Maryland  20850
(301) 590-6500

Securities and Exchange Commission
100 F Street, NE
Washington, DC  20549
(202) 551-6551
http://www.sec.gov 

North American Securities Administrators Association
750 First Street, NE, Suite 1140
Washington, DC  20002
(202) 737-0900
http://www.nasaa.org 

Occupational Outlook Handbook:
"Securities and Financial Services Sales Representatives"

Wages Last Updated June 2008


Table of Contents | Research & Planning | Wyoming at Work | Send Us Mail