Broker-Dealers
- Exam
- State exam
- Education
- Specific course
- Experience
- Experience
- Background check
- Felony convictions prohibited
A broker-dealer is a firm or individual who offers and sells securities to the public. Investment advice given by broker-dealers is usually incidental to the completion of purchase and sale transactions in securities. Compensation is normally in the form of commission but some firms now charge one fee for all services, based on the value of assets in the account. All broker-dealers, regardless of their location, must be licensed to conduct business in Wisconsin unless they qualify for an exemption from licensing. There is no de minimis or sophisticated investor exemption for broker-dealers.
Requirements reported by the state
- Licence type
- Stand-alone license
- Exam
- State exam required
- Education
- Specific course required
- Continuing education
- Continuing education required
- Certification
- No mention of certification
- Experience
- Experience
- Background check
- Felony convictions prohibited
Issuing body
- Department
- WI Dept of Financial Institutions
- Division
- Division of Securities
- Address
- 201 W Washington Ave, Suite 300 P.O. Box 1768 Madison, WI 53707
- Phone
- (608) 266-2139
- Agency website
- http://www.wdfi.org/fi/securities/registration/
- Licence page
- https://dfi.wi.gov/Pages/Securities/RegistrationOfProfessionals/BrokerDealerBDGuide.aspx
- Last updated
- September 10, 2024
Occupations (O*NET)
- Insurance Producer 41-3021.00
Source and verification
This record is Wisconsin's report to the Analyst Resource Center, published by CareerOneStop (October 2024 export). Everything shown comes only from that report.
Before you apply, confirm every detail with Division of Securities — see the issuing body section above.
How we process this data. Not legal advice.