A:

According to the Financial Industry Regulatory Authority (formerly the National Association of Securities Dealers), you have two years from the termination date indicated on your most recent U-5 form.

In order to prevent your license's expiration, you must regain employment at another member firm within two years. If after two years you have not found employment with a FINRA member firm, you will be required to rewrite your Series 7 examination.

The firm with which you were previously employed must submit form U-5 to FINRA. So, if you are unsure of your specific termination date, contact FINRA.



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. My job with a member firm has recently been terminated and I do not want to write ...

    The National Association of Securities Dealers (NASD) states that if you become employed with another member firm within ... Read Answer >>
  4. Do I need to take the Series 6 examination after I have already successfully completed ...

    No. According to the Financial Industry Regulatory Authority (FINRA), (formerly the National Association of Securities Dealers), ... Read Answer >>
  5. I am not currently employed at a member firm, but I have independently written the ...

    After you have successfully completed your exam, you have two years to become registered or licensed to prevent your completion ... Read Answer >>
  6. I passed my Series 7 exam, but I terminated employment at my sponsoring firm before ...

    Yes. Your exam is valid for a period of two years. Under normal circumstances, in order to have you become licensed or registered, ... Read Answer >>
Related Articles
  1. Professionals

    What Financial Advisors and Brokers Need to Know About Rule 407

    Learn about NYSE Rule 407 and how it may impact you as a financial advisor or investment broker. What you don't know about this regulation can hurt you.
  2. Trading Systems & Software

    Steps to Starting Up an Independent Broker Dealer

    Launching your own broker-dealer is a lot of work, but the potential payoff is great, both personally and financially.
  3. Professionals

    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.
  4. Professionals

    Breaking Down Financial Securities Licenses

    Find out which exam you need to begin your career as an investment professional.
  5. Professionals

    Investigating The Securities Police

    Learn about the history of FINRA and how this organization protects investors.
  6. Professionals

    How To Handle A Wrongful Termination

    From the moment you lose your job to finding your next one, how do you handle being wrongfully terminated?
  7. Options & Futures

    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.
  8. Professionals

    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.
  9. Retirement

    Financial Career Shift: Get In The Driver's Seat

    Before you agree to work for another investment firm, be sure you know what you're getting into.
  10. Personal Finance

    How To Fill Out FMLA Forms

    Family Medical Leave Act paperwork may be onerous, but it can be key to getting that time off.
RELATED TERMS
  1. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association ...
  2. Series 4

    A securities license entitling the holder to supervise options ...
  3. Series 31

    A securities license entitling the holder to sell managed futures ...
  4. Voluntary Plan Termination

    The discontinuance of a defined benefit plan by an employer. ...
  5. Comprehensive Automated Risk Data System (CARDS)

    The Comprehensive Automated Risk Data System (CARDS) is an initiative ...
  6. Series 14

    An exam administered by the Financial Industry Regulatory Authority ...
Hot Definitions
  1. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  2. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  3. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  4. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  5. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  6. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
Trading Center