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Indiana Secretary of State: Todd Rokita

News

July 24, 2008
Marion County Man Arrested on 36 Felony Counts in Ponzi Scheme [view]
July 7, 2008
More than 2/3 of Indiana's Mortgage Brokers will have Licenses Revoked Under New Law [view]
June 20, 2008
Secretary of State Statement on New Photo ID Lawsuit [view]




About Secretary Rokita

January 1, 2007 marked the beginning of Indiana Secretary of State Todd Rokita's second term in office – a term dedicated to clearing a path for continued economic growth in Indiana and building on first-term accomplishments.more info »

INvest : Securities Division

Frequently Asked Questions :: Investment Advisor
Is it mandatory for each firm to register through the IARD?
  • Yes, as of June 15, 2002, it is mandatory.
What test(s) must I take to become a registered investment advisor?
  • You must fulfill the exam requirements by passing the S7 and the S66 or by passing the S65 or by holding in good standing one or more ofthe following approved professional designations: CFP, CFA, ChFC, CIC, or PFS.
Where can I find out about the Series 65 & 66 exams?
  • Go the the Web site www.finra.org and under Industry & Regulatory Resources, click on Exams. This will provide you with information about these exams.
How long does the Securities Division reserve the right to take in reviewing a pending advisor?
  • The Securities Division reserves the right to review the prospective advisor for 30 days. The review may last longer based on discrepancies including but not limited to exam requirements or reportable disclosures.
Does the State have a de minumus clause?
  • Yes and it applies if the advisor, during the preceding twelve (12) months, has had less than six (6) clients who are residents of Indiana.
Do I file everything online?
  • Yes, you file Part I and Part II of Form ADV online. Once you have completed that, you need to send us:
    • Copies of any client agreements or contracts you intend to use
    • Current balance sheet for the investment advisor
What is the registration fee for a firm?
  • The initial registration fee is $100 for a firm. Renewal fees are $50.
Do the SEC registered investment advisors have to register their investment advisor representatives in Indiana?
  • Yes - If they have a place of business in Indiana. There is no charge to Notice File in Indiana, but the fee for investment advisor representatives is $25 for the initial registration and $25 for annual renewals.
Does Indiana require fingerprint cards to register investment advisor representatives?
  • No, Indiana does not require the filing of fingerprint cards with the Securities Division at this time.
Indiana Secretary of State Todd Rokita, Statehouse 201, Indianapolis, Indiana :: 317.232.6531 :: Contact Us