An ordinary Minnesota investment-adviser representative files Form U4 through CRD, pays the statutory $50 individual fee initially and at annual renewal, and renews by December 31. Qualification is Series 65 or Series 66 under its national SIE and Series 7 conditions. Rule 2876.4120’s two-year window, administrator waiver, recent-registration exception, listed good-standing designation alternatives, and Series 65 recency exception are narrowly controlling.
Prelicensing education
- Education requirement explanation
- Qualification and any accepted alternative or waiver must match current state law; examination passage alone is not registration.
Background
- Fingerprint / background instructions
- Form U4 disclosures and regulator follow-up apply; no separate fingerprint requirement is inferred unless expressly documented.
Application
- Application fee
- Minnesota Statutes §80A.65, subdivision 2 controls the ordinary individual IAR fee at $50 initially and on renewal. The Commerce page's $65 Form U4 statement is context-sensitive and is not presented as the ordinary individual statutory fee.
- Application channel / system
- The firm files Form U4 through CRD and renews annually by December 31; filing and qualification do not create registration.
- Official application reference
- https://mn.gov/commerce/licensing/list/securities/investment-advisers-representatives/
Renewal & maintenance
- CE hours
- Minnesota IAR CE and EVEP apply under the current program effective January 1, 2025.
Portability
- Portability / mobility notes
- Registration is firm-, function-, and jurisdiction-specific; examination validity and regulatory approval are separate.
Military / veteran / spouse
- Military experience / education credit
- No broad military credit is asserted unless expressly documented.
Source governance
- Primary authoritative source
- https://www.revisor.mn.gov/rules/2876.4120/
- Last verified date
- 2026-09-01
- Verification status
- Verified
- Review / recheck date
- 2026-10-01
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