# [Series 65] 66, Agent and BD Registration Requirements

Page: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-66-agent-and-bd-registration-requirements
Text version: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-66-agent-and-bd-registration-requirements.md
Podcast: [Open Exam Prep](https://stenobird.com/podcast/open-exam-prep-7140559)
Published: 2026-05-29T01:01:53+00:00
Episode link: https://open-exam-prep.captivate.fm/episode/series-65-66-agent-and-bd-registration-requirements
Audio file: https://episodes.captivate.fm/episode/fbcf665e-4f22-4f03-9eca-6be87192e585.mp3
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JSON: https://stenobird.com/v1/public/podcasts/open-exam-prep-7140559/episodes/series-65-66-agent-and-bd-registration-requirements
Duration seconds: 270

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The specific definition of an 'agent' under the Uniform Securities Act and how it differs when representing a broker-dealer versus an issuer. - Key exclusions from the agent definition, particularly for individuals representing issuers in exempt security or exempt transactions. - State registration triggers for broker-dealers, including having a place of business or even a single retail client in a state. - The 'institutional client' and 'snowbird' exemptions that allow broker-dealers to avoid state registration. - The strict 30-day timeline for a firm to file Form U5 upon an agent's termination and the two-year jurisdictional period that follows. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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