A:

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.



RELATED FAQS
  1. 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 ... Read Answer >>
  2. If my employment with my current firm terminates relatively soon, do I have two years ...

    Yes. When your employment ends with the current firm, your registration with the Financial Industry Regulatory Authority ... Read Answer >>
  3. I completed the Series 6, do I have to complete the entire Series 7?

    After having written the Series 6 examination, there would be significant overlap with the Series 7 in areas such as mutual ... Read Answer >>
  4. Do I need to be a U.S. resident to take the Series 63 exam as an individual?

    No. The Financial Industry Regulatory Authority or FINRA, (previously the National Association of Securities Dealers), does ... Read Answer >>
  5. Q: Do I need to take the Series 6 examination after I have already successfully completed ...

    No. According to the National Association of Securities Dealers (NASD) you can convert your Series 7 license into a Series ... Read Answer >>
  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 ... Read Answer >>
Related Articles
  1. Insights

    FINRA: How It Protects Investors

    Find out the history of FINRA, and how it's organized to monitor the markets and protect investors.
  2. Financial Advisor

    Should You Add A Securities License To Your Qualifications?

    Clients love planners who sell securities, but a securities license takes a lot of work. Learn if the stress and study are worth it.
  3. Financial Advisor

    Breaking Down Financial Securities Licenses

    Find out which exam you need to begin your career as an investment professional.
  4. Financial Advisor

    Introduction To The Series 65 Exam

    The Series 65 is required in many states in order to be a fee-based advisor. Find out what it is and whether you need it.
  5. Financial Advisor

    SEC's CARDS Plan Creates Controversy for Brokers

    The securities industry isn't happy with the hand it may be dealt with the SEC's proposed CARDS rules.
  6. Personal Finance

    The Series 79 Exam: What It Is And When You Need It

    If you're getting into the field of investment banking, you'll need to know all about the Series 79.
  7. Financial Advisor

    Why Financial Advisor Background Checks Are Vital

    An alliance of public interest groups is pressuring FINRA to broaden its BrokerCheck tool.
  8. Trading

    Find Your Niche in the Financial Industry

    In this article, we'll give you the tools you need to discover the financial career that fits you the best.
  9. Financial Advisor

    Who Needs to Take the Series 65?

    Most states require individuals to pass the Series 65 exam in order to act as investment advisors.
  10. Financial Advisor

    Who's Looking Out For Investors?

    If your account has been mishandled, FINRA and the SEC are among several organizations that can help.
RELATED TERMS
  1. National Association Of Securities Dealers - NASD

    The NASD was a self-regulatory organization of the securities ...
  2. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association ...
  3. Series 11 License - Assistant Representative - Order Processing

    A securities license, administered by the Financial Industry ...
  4. Series 7

    A general securities registered representative license administered ...
  5. Series 14

    An exam administered by the Financial Industry Regulatory Authority ...
  6. Series 4

    A securities license entitling the holder to supervise options ...
Hot Definitions
  1. Two And Twenty

    A type of compensation structure that hedge fund managers typically employ in which part of compensation is performance based. ...
  2. Life Insurance

    A protection against the loss of income that would result if the insured passed away. The named beneficiary receives the ...
  3. Price Elasticity Of Demand

    A measure of the relationship between a change in the quantity demanded of a particular good and a change in its price. Price ...
  4. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying ...
  5. Frexit

    Frexit – short for "French exit" – is a French spinoff of the term Brexit, which emerged when the United Kingdom voted to ...
  6. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
Trading Center