Author: rafferty

State Securities Regulators to Hike Exam Fees for Series 63, 65 and 66

April 17, 2013
by Melanie Waddell, Advisor One

Despite increased costs of maintaining the exams, NASAA says the exam fees have not increased for the past four years

The North American Securities Administrators Association announced Wednesday that it will hike enrollment fees for its state Series 63, 65 and 66 exams on June 1.

Despite increased costs of maintaining the exams, NASAA says the exam fees have not increased for the past four years.

The state tests are administered for NASAA by the Financial Industry Regulatory Authority (FINRA), and “passing an exam is normally a prerequisite for being licensed by a state before a broker-dealer or investment advisor can work with investors,” says NASAA spokesman Bob Webster.

Candidates enrolling for these exams on or after June 1 will be charged the following:

–Series 63,

LPL’s Latest Shot in Tech ‘Arms Race’: Naming Ex-IT Exec to Board

March 18, 2013
by Janet Levaux, AdvisorOne

Former Xerox CEO Anne Mulcahy should join the IBD as a board member in May

LPL Financial (LPLA) said Monday that Anne Mulcahy (left), a former chairwoman and CEO of Xerox (XRX), will join its board of directors, pending stockholder approval, in May. Mulcahy will also serve on the board’s audit committee.

“We’re delighted to welcome Anne to our board of directors, and we look forward to having an independent director with her stature and experience strengthen our board and broaden our perspective on management and leadership,” said LPL Financial Chairman and CEO Mark Casady, in a press release.

Several experts are wowed by Mulcahy’s new role at LPL,