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.