My job with a member firm has recently been terminated and I do not want to write all of my securities exams again. How do I prevent my licenses from expiring?

By Shauna Carther AAA
A:

The National Association of Securities Dealers (NASD) states that if you become employed with another member firm within two years, your licenses will not expire. However, there are a few important points to consider.

The NASD states that your employment at a member firm allows you to maintain registration only in the area of focus in which you are currently performing activities. This means that if you acted as a principal in your previous job, and are now working in a different position with your new employer, you may not maintain your principal license(s). So if within two years you do not obtain a principal position, you must rewrite your principal examination to re-qualify for registration in that area.

In some cases, candidates might qualify for an examination exemption. Click here for more information.



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