April 2, 1991
TO: INVESTMENT ADVISERS COMMITTEE NO. 11-91
RE: RHODE ISLAND EXPANDS EXAMINATION ALTERNATIVES
__________________________________________________________
As we previously informed you, applicants for licensing as
investment adviser representatives in Rhode Island may, until
November 30, 1991, pass (1) the Series 63 examination and (2) the
Series 2, Series 7 or CFA Level I examination in lieu of the
Series 65 examination. (See Institute Memorandum to Investment
Adviser Members No. 4-91 and Investment Adviser Associate Members
No. 4-91, dated January 15, 1991.)
The Division of Securities has proposed expanding the
Series 65 alternative to allow passage of (1) the Series 63 and
(2) the Series 2, Series 6, Series 7 or CFA Level I examinations
to satisfy the qualification requirements under the Securities
Act. Interested persons may comment on the proposal until April
29, 1991.
A copy of the proposal is attached. We will keep you
informed of developments.
W. Richard Mason
Assistant Counsel
Attachment