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.

  1. How long will my Series 7 license last after my employment has been terminated at ...

    According to the Financial Industry Regulatory Authority (formerly the National Association of Securities Dealers), you have ... Read Answer >>
  2. I passed my Series 7 exam, but I terminated employment at my sponsoring firm before ...

    Yes. Your exam is valid for a period of two years. Under normal circumstances, in order to have you become licensed or registered, ... Read Answer >>
  3. Do I need to be a U.S. citizen to sit for any NASD examinations?

    No. The National Association of Securities Dealers (NASD) does not require a candidate to be a U.S. citizen to sit for an ... Read Answer >>
  4. I am not currently employed at a member firm, but I have independently written the ...

    After you have successfully completed your exam, you have two years to become registered or licensed to prevent your completion ... Read Answer >>
  5. Can you trade securities before you pass the Series 63 exam?

    Find out more about state registration and Series 63 exam scores. Learn how long these scores are valid and how registration ... Read Answer >>
  6. Are there any continuing education requirements for Series 63 exams?

    Learn more about the Series 63 exam and how test results are used in obtaining a license and state registration. Find out ... Read Answer >>
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