Securities

Divisions

Investment Advisers and Representatives.

Investment advisers and investment adviser representatives conducting business in North Carolina are subject to the North Carolina Investment Advisers Act. Additional rules regarding the administration and enforcement of the Act are set forth in the North Carolina Administrative Code.

Insurance Agents

For insurance agents wishing to sell variable annuities, ask the compliance officer of the brokerdealer firm with which you are employed to file a Form U-4 on your behalf. Once your securities registration has been approved, contact the North Carolina Department of Insurance at (855) 408-1212 and give them your CRD number and the effective date of your North Carolina securities registration. You must successfully pass the Series 63 exam to be a securities salesman.

Registrations, Covered Securities and Exemptions

The North Carolina Securities Act requires that any securities offering made in North Carolina be registered with the North Carolina Securities Division. If an offering falls under an exemption to registration, a notice filing is generally required in order to advise the Securities Division of the exemption. It is the responsibility of the issuer to prove entitlement to any claimed exemption.

Registration by coordination (See N.C.G.S. § 78A-26(PDF) and 18 NCAC 06A .1302(PDF))
Registration by qualification (See N.C.G.S. § 78A-27(PDF) and 18 NCAC 06A .1303(PDF))
Notice Filing for investment securities company (See N.C.G.S. § 78A-31(a)(PDF) and 18 NCAC 06A .1212(PDF))
Notice Filing for Rule 506 transaction (See N.C.G.S. § 78A-31(b) (PDF) and 18 NCAC 06A .1211(PDF))
Exemption notice for .1205(b) offering (See N.C.G.S. § 78A-17(9)(PDF) and 18 NCAC 06A .1205(b)(PDF))
Exemption notice for not-for-profit issuer (See N.C.G.S. § 78A-16(9)(PDF) and 18 NCAC 06A .1209(PDF))
Securities FAQ

Page 21 of 48