November 13, 1990
TO: INVESTMENT ADVISERS COMMITTEE NO. 39-90
MAINE INVESTMENT ADVISER ASSOCIATE MEMBERS
RE: PROPOSED EXAMINATION REQUIREMENTS IN MAINE
__________________________________________________________
Enclosed is a rulemaking proposal from the Maine Securities
Division. The proposal would require investment advisers in
Maine to pass the Series 65 and Series 7 examinations.
Investment advisers who are currently licensed in Maine would
have one year to comply with the rule and individuals who passed
the Series 6 and Series 63 examinations before the effective date
of the rule will be deemed to have satisfied the Series 7 and
Series 65 requirements, respectively.
Comments must be submitted to the Securities Division by
December 23, 1990. However, a hearing on the matter will be held
on December 13, 1990. Therefore, please give me or Amy
Lancellotta any comments you have on this proposed rule by
December 10, 1990 at 202/955-3516.
W. Richard Mason
Assistant General Counsel
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