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

By Shauna Carther AAA
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. What country spends the most on education?

    Learn about the amounts that various developed nations spend on educating their young people compared to education spending ...
  2. Who benefits the most from prepaid expenses?

    Learn who benefits most when expenses are prepaid. Individuals and businesses often make payments, such as rent or insurance, ...
  3. What's the difference between a financial advisor and a financial planner?

    Seeking professional advice from a financial advisor may involve asking for financial help from a certified financial planner, ...
  4. Who is eligible to take out federal student loans?

    Fill out the Free Application for Federal Student Aid every year to determine eligibility for federal aid, including student ...
RELATED TERMS
  1. Associate In Reinsurance (ARe)

    A designation earned by insurance professionals looking for reinsurance ...
  2. Associate In Surplus Lines Insurance (ASLI)

    A designation earned by insurance professionals involved with ...
  3. Financial Conduct Authority (UK) - FCA

    The regulator of the financial services industry in the United ...
  4. Corporate Financing Committee

    A regulatory group that reviews documentation that is submitted ...
  5. Credit Business Fellow - CBF

    A designation for achievers who have proven knowledge in intermediate ...
  6. Credit Business Associate - CBA

    A designation awarded to those who show mastery in financial ...

You May Also Like

Related Articles
  1. Professionals

    Should You Add A Securities License ...

Trading Center