Q:

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.



A:

MORE FAQS

  1. I have already obtained my Series 7; however, I am no longer working for a member firm. How do I prevent my license from expiring?

  2. 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?

  3. 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?

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

  5. 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?

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

  7. I want to start my own brokerage company, how do I become a member of FINRA?

  8. Is my Series 63 registration transferable to another state?

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

  11. If I have passed the Series 7 exam, do I need to write the 6 and 63 exams as well?

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

  13. Is it possible to take the Series 7 exam without being sponsored?

  14. Am I qualified once I complete my FINRA certification exam?

  15. Since I do not have a certificate of completion, where can I get a copy of my exam score(s)?

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