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.



RELATED FAQS

  1. What can capitalization rate tell investors about real estate bubbles?

    Learn about capitalization rates and what information investors may glean from them with regard to bubbles. Explore how rates ...
  2. Will the consumer price index (CPI) be updated or revised in the future?

    Learn about the consumer price index (CPI) and understand how its purpose and calculation make it necessary to continually ...
  3. Does the consumer price index (CPI) correlate with the change in price of goods and ...

    See why the consumer price index is a questionable proxy for inflation, and why it is unlikely to represent experiences with ...
  4. How does weather impact the share prices of utility stocks?

    Learn how investing in the utilities sector can provide stability to a portfolio; understand the factors that impact stock ...
RELATED TERMS
  1. Basket Retention

    An insurance policy that covers exposures to several different ...
  2. Intraday Momentum Index (IMI)

    A technical indicator that combines aspects of candlestick analysis ...
  3. Peer-To-Peer (Virtual Currency)

    The exchange or sharing of information, data, or assets between ...
  4. Online-To-Offline Commerce

    A business strategy that draws potential customers from online ...
  5. Separation Of Powers

    An organizational structure in which responsibilities, authorities, ...
  6. Counsel Selection Provision

    A liability insurance provision that allows the policyholder ...

You May Also Like

Related Articles
  1. Investing

    What Are The Latest News On The Beer ...

  2. Investing

    Reassessing Your Approach To Bond Investing

  3. Markets

    What Is The Current Market Supply For ...

  4. Active Trading Fundamentals

    Minute-to-Minute Trade Signals for Today's ...

  5. Stock Analysis

    Faceboook (FB) Revenue Surges on Mobile ...

Trading Center