Filed Under:

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?

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.

comments powered by Disqus
Trading Center