March 2, 1989
TO: INVESTMENT ADVISER MEMBERS NO. 16-89
INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 15-89
RE: NASD SERIES 65 LAW EXAMINATION STUDY GUIDE PUBLISHED
__________________________________________________________
As we have previously informed you, the National
Association of Security Dealers, Inc. (NASD) Series 65 Uniform
Investment Adviser Law Examination for investment advisers and
investment adviser representatives is now offered through the
PLATO system of the NASD (see Memorandum to Investment Advisers
Members No. 45-88 and Investment Adviser Associate Members No.
46-88, dated October 25, 1988. A copy of the Series 65 study
guide, recently published by the North American Securities
Administrators Association, Inc. in February, 1989, is attached.
Currently, North Carolina requires investment advisers and
investment adviser representatives to take and pass the Series 65
examination. Georgia will require advisers to take and pass the
Series 65 examination as of April 1, 1989; however, it is likely
that the Georgia Securities Commissioner will grandfather
advisers and adviser representatives who were in the business
prior to the effective date of the legislation.
We will keep you informed of other states that require
Series 65 examination.
Robert L. Bunnen, Jr.
Assistant General Counsel
Attachment