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:

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. 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, ...
  4. 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 ...
  5. How can I find out if my employer is a member of FINRA?

    To find out if your employer is a member of the Financial Industry Regulatory Authority or FINRA (previously the National ...
  6. Do I need to take the Series 6 examination after I have already successfully completed ...

    No. According to the Financial Industry Regulatory Authority (FINRA), you can convert your Series 7 license into a Series ...
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. Piggyback Registration Rights

    A form of registration rights that grants the investor the right ...
  4. Rules Of Fair Practice

    A set of rules and regulations developed by the National Association ...
  5. Voluntary Plan Termination

    The discontinuance of a defined benefit plan by an employer. ...
  6. FINRA BrokerCheck

    An information vehicle containing statistics on both past and ...
Hot Definitions
  1. Down Round

    A round of financing where investors purchase stock from a company at a lower valuation than the valuation placed upon the ...
  2. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  3. Portfolio Investment

    A holding of an asset in a portfolio. A portfolio investment is made with the expectation of earning a return on it. This ...
  4. Treynor Ratio

    A ratio developed by Jack Treynor that measures returns earned in excess of that which could have been earned on a riskless ...
  5. Buyback

    The repurchase of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies ...
  6. Tax Refund

    A tax refund is a refund on taxes paid to an individual or household when the actual tax liability is less than the amount ...
Trading Center