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

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

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

  10. Is it possible to take the Series 6 exam without being sponsored?

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

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

  13. I want to start my own brokerage company, how do I become a member of FINRA?

  14. Since I do not have a certificate of completion, where can I get a copy of my exam score(s)?

  15. What can cause the terminal growth rate to be negative?

  16. Depreciation Can Shield Taxes, Bolster Cash Flow

  17. What schools did Warren Buffett attend on his way to getting his science and economics degrees?

  18. How should I analyze a company's financial statements?

  19. How many attempts at each CFA exam is a candidate permitted?

RELATED FAQS

  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 ...
  2. I have already obtained my Series 7; however, I am no longer working for a member ...

    According to the Financial Industry Regulatory Authority or FINRA, (previously the National Association of Securities Dealers ...
  3. My job with a member firm has recently been terminated and I do not want to write ...

    The National Association of Securities Dealers (NASD) states that if you become employed with another member firm within ...
  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 ...
  5. How long is the validity period for a Series 63 exam if I have not been registered?

    Find out how registration begins using Series 63 results and how long scores are valid without registration. Learn more about ...
  6. 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, ...
RELATED TERMS
  1. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association ...
  2. National Association Of Securities Dealers - NASD

    The NASD was a self-regulatory organization of the securities ...
  3. Series 11 License - Assistant Representative - Order Processing

    A securities license, administered by the Financial Industry ...
  4. Piggyback Registration Rights

    A form of registration rights that grants the investor the right ...
  5. Central Registration Depository (CRD)

    A database used by the National Association Of Securities Dealers ...
  6. Rules Of Fair Practice

    A set of rules and regulations developed by the National Association ...
Hot Definitions
  1. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  2. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  3. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  4. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  5. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  6. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
Trading Center