Frequently Asked Question

February 26 2009  |  Filed Under » , ,

If my employment with my current firm terminates relatively soon, do I have two years before my FINRA exams expire no matter how long I was with the last member firm?

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.
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by

Shauna Carther

Shauna Carther
Shauna Carther is the vice president of content at Investopedia.com. In 2007, she appeared as a guest on Moneytrack, a Public Broadcasting Service program devoted to helping consumers learn to invest and take control of their finances.
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