Q:

Yes. Your exam is valid for a period of two years. Under normal circumstances, in order to have you become licensed or registered, your sponsoring firm would have filed Form U-4 (in addition to meeting other requirements such as bonding, fee payment, and a background check).

However, since your employment was terminated prior to this point, you have two years to become employed by a member firm and become licensed. After this point, you may have to rewrite the exam. However, some jurisdictions have the discretion to waive an individual's requirement to rewrite after an exam has expired. This usually happens when the person in question has continued to work within the financial industry, but in a position that didn't require licensing. For more information, contact your State Regulator. A directory of State Regulators is listed here.

When you passed your Series 7 examination, the Central Registration Depository (CRD) permanently recorded your score. Therefore, your new employer will be able to verify that you successfully completed the exam and the licensing procedure can begin.

To read more about the Series 7, see Solving Mixed Options Problems On The Series 7.

A:

MORE FAQS

  1. I am not currently employed at a member firm, but I have independently written the Series 63 exam. How do I keep this status valid?

  2. Where do I get a certificate or other evidence of passing the Series 63 exam?

  3. Do I need to be sponsored or employed by a member firm in order to write the Series 66 exam?

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

  5. I failed the Series 6 exam. How long must I wait before I can re-take it?

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

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  12. What certification series does one need to be a bond broker?

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  14. I have passed the Series 63 and FINRA Series 7, but would like to become licensed as an investment advisor. Should I take the Series 65 or Series 66?

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