May 23, 1989
TO: INVESTMENT ADVISER MEMBERS NO. 29-89
INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 29-89
RE: STATE SURVEY CONCERNING SERIES 65 EXAMINATION REQUIREMENT
__________________________________________________________
The Institute has received a copy of a survey conducted by
the Uniform Examination Committee of the North American
Securities Administrators Association, Inc. This survey
identifies many of the states which either currently require,
will require, or indicated that they will not require an
investment adviser or investment adviser representative to take
and pass the Series 65 Uniform State Investment Adviser Law
Examination. A copy of the results from the survey is attached
for your review.
Also attached is a National Association of Securities
Dealers, Inc. (NASD) booklet with regard to the PLATO examination
system administered by the NASD. This pamphlet gives extensive
information concerning the when, where, why, and how of taking
the Series 65 examination.
We will continue to keep you informed of state requirements
concerning Series 65 as we learn of them.
Robert L. Bunnen, Jr.
Assistant General Counsel
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