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To sell annuities legally, an agent must be registered with the Financial Industry Regulatory Authority (FINRA). This requirement stems from the nature of annuities, particularly variable annuities, which are considered securities. In order to sell such products, agents are required to obtain a securities license, which involves passing specific exams administered by FINRA. This regulatory oversight serves to protect consumers by ensuring that agents have met the necessary standards and possess the appropriate knowledge to provide sound financial advice regarding annuity products.

While completion of a licensing exam is crucial, it is specifically the registration with FINRA that allows agents to engage in the sale of annuities. The other options, such as registration with the SEC or joining a professional association, do not necessarily confer the required authority to sell annuities. Thus, while various qualifications and affiliations may enhance an agent’s credentials, being registered with FINRA is the key legal requirement for selling annuities.