No dealer or investment adviser shall conduct business from a branch office within this state unless the branch office is notice filed with the Office of Financial Regulation.
Branch office means any location in this state of a dealer or investment adviser where one or more associated persons regularly conduct the business of rendering investment advice or effecting any transactions in, or inducing or attempting to induce, the purchase or sale of any security, or any location that is held out as such.
4. Do CFPs have to register as an Investment Adviser in Florida?
Any person who for compensation refers, solicits, offers, or negotiates for the purchase or sale of investment advisory services is required to be registered in Florida, regardless of their professional designation.
Please refer to the Investment Adviser and Associated Persons sections on this website for additional information.
5. How do I register to take my Securities exam?
All examination requirements are administered through FINRA. Information about the examination process and testing center locations may be viewed on the FINRA website.
6. Do I need the Series 63, 65 or 66 exams in Florida?
Florida does not require the Uniform Securities Agent Law Examination (Series 63 – NASAA) examination.
Florida does require the Uniform Investment Adviser Law Examination (Series 65 - NASAA) or both the General Securities Representative (Series 7) and Uniform Combined State Law Examination (Series 66 - NASAA) for individuals applying to be registered as an investment adviser or investment adviser representative (RA).
Florida does not require any Notice filing fee, or consent to service for Rule 506 Filings (Offerings), Chapter 517.07(1), Florida Statutes.
All sales of securities in Florida must be made by a properly registered Dealer (Chapter 517.12(1), Florida Statutes) or by someone utilizing an exemption provided by Chapter 517.12(3), Florida Statutes. This includes officers and employees of Rule 506 issuers.
There are two exemptions available under Chapter 517.12(3), Florida Statutes, for Issuers of Rule 506 Offerings:
1. Chapter 517.061(19) and 517.021(6)(b)6., Florida Statutes, and Rule 69W-500.016, Florida Administrative Code, requiring the offer and sale to be made by a bona fide employee of the issuer.
2. Chapter 517.061(11) and 517.021(6)(b)6., Florida Statutes, and Rule 69W-500.001-007, Florida Administrative Code, requiring the sale to be made in reliance upon a limited offering exemption.