Is it possible to take the Series 6 exam without being sponsored?

By Shauna Carther AAA
A:

Unfortunately, the answer to this question is "No." The Financial Industry Regulatory Authority or FINRA (previously the National Association of Securities Dealers or NASD) requires an individual to be sponsored by a member firm, a self-regulatory organization (SRO), or an exchange in order to write the Series 6 exam.

The Series 6 exam allows a finance professional to demonstrate his or her competence within the area of mutual funds and variable annuities. It is the first step of the registration process set forth by FINRA. In order to schedule an exam, the member firm that sponsors you must file the Uniform Application for Securities Industry Registration or Transfer (Form U-4) with FINRA. Click here for the most recent PDF version of Form U-4, and click here for instructions on how to complete the form.

For Form U-4 to be completed to the liking of FINRA, the sponsoring firm must act as an Appropriate Signatory. Therefore, if an individual attempted to file this form without the signature of a sponsoring firm, the application would be rejected and monies paid toward registration might not be refunded.

For more information on the Series 6 exam, see the articles Proven Techniques For Series 6 Success and Tips For Passing The Series 6 Exam.

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