FINRA Securities Agents: How to Register in Puerto Rico
1. Examination:
The individual initially must be employed by a broker-dealer for sponsorship of him/her to take the
appropriate exams required by the Federal Regulatory Agency. Puerto Rico requires the Series 6, 7, or
63 exams depending on the type of securities he/she wishes to offer.
Waivers may be granted for the following reasons:

If the Series 63 exam was passed in lieu of the Series 7. (For general securities
offering)

If an agent was approved in the securities business prior to the Series 7, 63
requirement going into effect, and has not been unregistered for a period of two
or more years.

If an agent passed the Series 6, 7 or 63, and has been registered within the preceding
two years in a state requiring the Series 6, 7 or 63.
However, in order to grant the waiver our office must be notified of the agent's Series 6, 7 or 63
deficiency by the Firm and request a waiver in writing. Determination will be based on the experience of
the agent and qualifications.
2. There are 2 Testing Centers in Puerto Rico:


Prometric Testing Center
Plaza Scotiabank
–
–
(787) 706-7640, 1 (800) 578-6273
(787) 641-9632, 1 (866) 396-9632
For information on exams, registration fees and appointments, please call the numbers provided.
3. Federal approval is required by FINRA before a state securities registration approval. The broker-dealer
is knowledgeable of this process; however, you may contact FINRA for further information at 301-5906500.
4. Submit a Form U-4 electronically through FINRA's nationwide database, known as the Central
Registration Depository (CRD) System. The employing broker-dealer should have knowledge of this
process; however, you may contact FINRA for further information at 301-590-6500.
5. Agent fees are $150.00 for a new application and when transferring from one firm to another. These
fees are deducted automatically from the employing broker-dealer's account with FINRA and forwarded
to Puerto Rico.
Reviewed: 08/2016
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FINRA Investment Advisor Representative: How to Register in Puerto Rico
1. Examination:
Puerto Rico requires the Series 65 or 66 exams in order to be registered as registered advisor. The
individual must be employed by an investment advisory firm for sponsorship of him/her to take the
Series 66 exam and the individual most take and pass Series 7 exam previous taking this exam. There’s
no need for sponsorship if you wish to take the Series 65.
Waivers may be granted for the following reasons:

If the Series 66 exam was passed in lieu of the Series 65.

If the individual was approved in the securities business prior to the Series 65 or 66
requirement going into effect, and has not been unregistered for a period of two
or more years.

If the individual passed the Series 65 or 66, and has been registered within the
preceding two years in a state requiring the Series 65 or 66.
However, in order to grant the waiver our office must be notified of the agent's Series 65 or 66 deficiency
by the Firm and request a waiver in writing. Determination will be based on the experience of the
agent and qualifications.
2. There are 2 Testing Centers in Puerto Rico:


Prometric Testing Center
Plaza Scotiabank
–
–
(787) 706-7640, 1 (800) 578-6273
(787) 641-9632, 1 (866) 396-9632
For information on exams, registration fees and appointments, please call the numbers provided.
3. Federal approval is required by FINRA before a state securities registration approval. The investment
advisor is knowledgeable of this process; however, you may contact FINRA for further information at
301-590-6500.
4. Submit a Form U-4 electronically through FINRA's nationwide database, known as the Central
Registration Depository (CRD) System. The employing broker-dealer should have knowledge of this
process; however, you may contact FINRA for further information at 301-590-6500.
5. Investment Advisor Representative fees are $150.00 for new applications and when transferring from
one firm to another. These fees are deducted automatically from the employing investment advisory
firm account with FINRA and forwarded to Puerto Rico.
Reviewed: 08/2016
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Issuer Agents: How to Register in Puerto Rico
The requirements for registration as issuer agent are the following:
NEW REGISTRATION
Submit the following documents:
1. An application for registration on Form U-4 or our Form R-2
2. A bond in the amount of $2,000.00 on Form R-7
3. The appointment and application for registration as agent on Form R-8
4. Notice of engagement or termination of services of an agent on Form R-9
5. An initial fee of $150.00 with check payable to the Secretary of the Treasury, and
6. Evidence of FINRA or NYSE examination (in absence of this evidence it is necessary to comply with the
examination requirement of Article 7 of our Regulation).
RENEWALS
Since registration is effective for a one (1) year period, they must be renewed each year so as to keep them
current.
A renewal of a registration is accomplished by filing:
1. Form U-4 or our Form R-2 at least fifteen (15) days prior to the expiration date of the registration. Only
the first four (4) items and the execution need to be filled out. Exhibits and the other information called
for by Form R-2 may be incorporated by reference if kept current.
2. The renewal fee of $150.00 with check payable to the Secretary of the Treasury.
Should you have any questions or need additional information, please contact Mariel Martínez at (787) 7233131 ext. 2309 or Mrs. Carmen Berríos at (787) 723-3131 ext. 2285.
Reviewed: 08/2016
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