Homefor Investorsfor Industry
fillerComplaintsCorporate FinanceLicensingEnforcementSecurities Libraryfiller
Licensing & Compliance For more information
Broker-Dealer Agents call the Division at (801) 530-6600
FORMS
  • Form U-4
    Uniform Application for Securities Industry Registration or Transfer
  • Form U-5
    Uniform Termination Notice for Securities Industry Registration

 

LICENSING FEES
Agent (new/renewal) $60.00
Broker-Dealer (new/renewal) $200.00

All fees are processed through the CRD/IARD system.  Do NOT send payment to the Division.  These fees do NOT include any fees charged by FINRA for maintenance of the CRD/IARD system.

 

"Agent" is defined, in section 61-1-13(1)(b)(i) of the Utah Uniform Securities Act ("Act"), as "any individual other than a broker-dealer who represents a broker-dealer or issuer in effecting or attempting to effect purchases or sales of securities."  Some exclusions from the definition are outlined in the above-mentioned section of the Act.

Initial License
Division Rule R164-4-1 of the Act outlines the requirements to license a Broker-Dealer Agent.  Following is a summary of this rule:
  • For applicants seeking a license as an agent of a FINRA member Broker-Dealer, the following must be filed with the Central Registration Depository (CRD):
    1. Form U-4 - Uniform Application for Securities Registration or Transfer (with original signatures).  (instructions)
    2. Exams - Proof of passing the Series 63, Uniform Securities Agent State Law Examination (USASLE) or Series 66, Uniform Combined State Law Examination, and any other exams required by FINRA or Division.
    3. Agent Licensing Fee - $60.00 (fee is taken from CRD account - do not send fee to the Division).
     
  • A certificate of license will not be issued.  Proof of status is available from the CRD.
  • All Broker-Dealer Agent licenses expire December 31 of each year.
Broker-Dealer Agent Examination Information
  • Series 6, 7, 63, or 66 - Individuals wishing to take one of these exams must Contact the Financial Industry Regulatory Authority (FINRA) to obtain approval to take an exam:

    FINRA
    Financial Industry Regulatory Authority
    9513 Keywest Ave.
    Rockville, MD 20850-3389
    (301) 590-6500

  • Study materials for Series 6, 7, 63, or 66 can be obtained from the following sources:

    Financial Industry Regulatory Authority
    District Office #3
    370 17th Street, Suite 2900
    Denver, CO 80202-5629
    (303) 446-3100

    Securities Seminars
    9500 South 500 West, Suite 209
    Sandy, UT 84070
    (801) 255-4010

    Additional vendors:
    www.nasaa.org/industry___regulatory_resources/exams/887.cfm

  • All Examinations are administered by Sylvan Technology Center, (800) 578-6273. Exams must be taken within 48 hours of registration.
License Renewal
All Broker-Dealer Agent licenses expire on December 31 of each year. To renew the license, each agent must submit $60.00 to the CRD prior to December 31. The CRD processing center closes operations one to two weeks prior to year end in order to give the staff time to take care of the renewal process. It is recommended that the renewal fees be sent no later than December 31 of each year.
License Withdrawl
To withdraw a license or application, the agent must file with the CRD a Form U-5, Uniform Termination Notice for Securities Industry Registration. Withdrawal is effective 30 days following the receipt of FINRA Form U-5 unless the Division notifies the applicant otherwise.