Frequently Asked Question

February 26 2009  |  Filed Under » , ,

How long will my Series 7 license last after my employment has been terminated at a member firm?

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.
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by

Shauna Carther

Shauna Carther
Shauna Carther is the vice president of content at Investopedia.com. In 2007, she appeared as a guest on Moneytrack, a Public Broadcasting Service program devoted to helping consumers learn to invest and take control of their finances.
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