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6 is mutual funds and variable products which use them (vul VA etc.) Limited securities license. 7 is general securities. Let's youoffer all of 6 plus individual investments, reit, and secondary market sales. Think Wirehouse or Edward Jones. 63 is needed for both and covers "blue sky laws". 65 is needed for managed accounts and to act in advisory capacity. 66 is a combo license for 63 and 65. You have to have a 7 to sit for the 66. That's not an in depth review, but more of a broad scoping overcap. Sort of.
6 is mutual funds and variable products which use them (vul VA etc.) Limited securities license. 7 is general securities. Let's youoffer all of 6 plus individual investments, reit, and secondary market sales. Think Wirehouse or Edward Jones. 63 is needed for both and covers "blue sky laws". 65 is needed for managed accounts and to act in advisory capacity. 66 is a combo license for 63 and 65. You have to have a 7 to sit for the 66. That's not an in depth review, but more of a broad scoping overcap. Sort of.
What are blue sky laws? Thanks
FBN said:So if you also want to sell VAs and mutual funds you need a 6 and 63? However if you also want to be an investment advisor rep then you need the 65? If you have the 65 can't you still sell VAs and mutuals without the 6 and 63 if you do it on a fee only basis rather than commission basis?