Securities Bulletin

              SECURITIES bulletin
According to a 2002 SeniorNet2 survey,
13 percent of senior Internet users
perform investment transactions online.
With our nation’s 35 million seniors at
risk for Internet securities fraud,
education is critical.
Director Tanya Solov recently
represented my office’s Securities
Department in Washington, D.C. before
the U.S. Senate Special Committee on
Aging. During her testimony, she stressed
how the Internet makes it easy for con
artists to reach millions of potential
victims at minimal cost.
I urge all seniors to educate themselves
about an investment before committing
their hard-earned dollars. They can
contact the Securities Department at
800-628-7937 to inquire about a
particular securities offer or if they
suspect they may be a victim of
investment fraud. A special brochure for
senior investors also is available. Seniors
also may research an investment at
www.nasaa.org.
By educating and informing seniors
about the risk of securities fraud, we
can put an end to
unscrupulous dealers
who prey upon our
seniors.
Jesse White
Secretary of State
Spring 2004
Investment adviser representative registration with the Illinois
Securities Department is governed by Section 8 of the Illinois
Securities Law of 1953 and its accompanying administrative rules.
Investment advisor representatives are required to pass the necessary
exam(s) listed below or provide proof of having one of the following
professional designations: CFP, ChFC, PFS, CFA or CIC.
Individuals wishing to register using a professional designation, or who
are updating their Form U-4 to reflect the attainment of a professional
designation after registration has been granted, should ask their
employing firm to contact the respective designating authority and
request the confirmation be sent to the NASD. This must occur prior
to any filing of Form U-4 reflecting the professional designation.
Please refer to the NASD Web site at www.nasdr.com/2630.htm for
complete information regarding registration and fee requirements.
IAR qualifying examinations
1. Uniform Investment Adviser Examination (Series 65 examination) or
2. General Securities Examination (Series 7 examination) together with
Uniform Combined State Law Examination (Series 66 examination)
Registration requirements for
investment advisor representatives
IN
THIS
ISSUE
• INVESTMENT ADVISOR
REPRESENTATIVE REQUIREMENTS •
• ENFORCEMENT ADMINISTRATIVE ORDERS •
• CERTIFICATES OF DEPOSIT •
• FAQs — MUNICIPAL BONDS •
A NEWSLETTER OF THE ILLINOIS SECURITIES DEPARTMENT • SECRETARY OF STATE JESSE WHITE
Active Service Employees Honored — Navy Reservist Petty Officer First
Class Mark Anderson of Springfield (far left), who also is an
enforcement special agent with the Securities Department, spent most
of last year on active duty overseas with the Navy Construction Battalion
(Seabees). He was honored by Secretary of State Jesse White in
February, along with nine other Secretary of State employees, for their
outstanding service to the Office of the Secretary of State and
dedicated service on behalf of all Americans. Mark is pictured here with
his wife, Mary, Secretary White, and his father and mother.