Securities Agent License-Agent of Issuer

Iowa Insurance Division

About

License for an agent of a security issuer. (Unlike an agent of a broker-dealer, an agent of an issuer sells a single product.) Code Citation Iowa Code section 502.402 Who Applies Any individual effecting or attempting to effect sales of securities of one issuer (entity). When To Apply Licensure may take place at any time. Licenses are issued on a calendar year basis. Initial Requirements At least two separate examinations must be passed. One is a subject matter examination (usually a Series 7), depending upon the product being sold. The second examination (series 63) covers the uniform state securities act. Although there are several subject matter examinations, all applicants must pass the uniform state securities agent state law exam. Information about examinations and scheduling may be found at https://www.finra.org/registration-exams-ce/qualification-exams. Duration All licenses expire on December 31 of each year, regardless of the date of issue. Processing Time Most applications will be processed in 24 to 48 hours. Fee Structure Application: $40 Renewal: $40 Renewal Requirements Pay renewal fee. Exam See “Initial Requirements” above. Additional Information https://iid.iowa.gov/securities-agent-license-information

Services Provided

Service Category

  • Service SubCategory
Contact Information
Securities Bureau
Address
1963 Bell Avenue, Suite 100
Des Moines, IA 50315