Q:

Yes. When your employment ends with the current firm, your registration with the Financial Industry Regulatory Authority or FINRA, (previously the National Association of Securities Dealers (NASD)), will be terminated. Your current employer would file Form U-5, which would effectively terminate your current registration with FINRA for all licenses.

How long you were employed with your current firm does not dictate the length of grace period after your registration is terminated. Provided that you were registered for all of your existing licenses at the current firm, your 2-year period would begin from the date on your most recent U-5 Form.

A:

MORE FAQS

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

  2. I have already obtained my Series 7; however, I am no longer working for a member firm. How do I prevent my license from expiring?

  3. 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?

  4. I am not currently employed at a member firm, but I have independently written the Series 63 exam. How do I keep this status valid?

  5. How long is the validity period for a Series 63 exam if I have not been registered?

  6. I passed my Series 7 exam, but I terminated employment at my sponsoring firm before I received my license. Is my exam still valid?

  7. Can you trade securities before you pass the Series 63 exam?

  8. How can I find out if my employer is a member of FINRA?

  9. Is it possible to take the Series 7 exam without being sponsored?

  10. Am I qualified once I complete my FINRA certification exam?

  11. Do I need to take the Series 6 examination after I have already successfully completed the Series 7?

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  13. Are there any continuing education requirements for Series 63 exams?

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