Q:

Even if you have completed your Financial Industry Regulatory Authority or FINRA (previously the National Association of Securities Dealers or the NASD) qualification exam--such as the Series 6, 7 or 63--you are not yet qualified to operate. Before the state will grant your license, other requirements may need to be satisfied. These include the filing of your U-4 form by your sponsoring firm, a background check, bonding, and the payment of all required fees.

A:

MORE FAQS

  1. 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?

  2. I completed the Series 6, do I have to complete the entire Series 7?

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

  4. I have not received my Series 7 exam certificate. Where can I obtain it?

  5. What are the differences between the Series 6 exam and the Series 7 exam?

  6. 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?

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

  8. Do I have to successfully complete the Series 7 exam before I can register for the Series 63 exam?

  9. I have a CFA designation. Do I qualify for any exemptions from FINRA licensing exams?

  10. Do financial advisors need to pass the Series 7 exam?

  11. Do I have to reach a certain age before I can write an NASD exam?

  12. How does FINRA differ from the SEC?

  13. What role does the 'chip cycle' play in the electronics sector?

  14. Do financial advisors have to be licensed?

  15. What is the difference between amortization and depreciation?

  16. What is the difference between the rule of 70 and the rule of 72?

  17. Are dividends the best way to make money for retirement?

  18. Why doesn't Berkshire Hathaway pay a dividend?

  19. Who are Monsanto's main competitors?

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