A:

No. According to the Financial Industry Regulatory Authority (FINRA), (formerly the National Association of Securities Dealers), you can convert your Series 7 license into a Series 6 license if your registration is still active. If at a later time you would again like to be registered with a Series 7 license, all you need is your firm's permission. You cannot convert from a Series 7 to a 6 license and vice versa if you have not been registered with a member firm for more than two years. In this case you would need to rewrite your Series 7 examination to re-qualify as a general securities registered representative.

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



RELATED FAQS

  1. What does it mean to roll a derivative contract?

    Find out more about derivative securities, how to roll forward a derivative contract and what it means when a derivative ...
  2. How can derivatives be used for risk management?

    Find out more about derivative securities, risk management and how derivatives could be used to hedge a position and protect ...
  3. How can I profit from monitoring open interest?

    Find out more about open interest, what the open interest indicates about an option and its underlying asset and how to profit ...
  4. Why would a company issue a rights offering?

    Understand more about a rights offering, and learn the most common reasons a company might have to issue a rights offering, ...
RELATED TERMS
  1. Exchange Traded Derivative

    A financial instrument whose value is based on the value of another ...
  2. Advanced Diploma In Insurance

    A qualification earned by insurance professionals and conferred ...
  3. Catastrophe Equity Put (CatEPut)

    Catastrophe equity puts are used to ensure that insurance companies ...
  4. Associate In Personal Insurance (API)

    A designation earned by professionals looking for training in ...
  5. Open Trade Equity (OTE)

    Open trade equity (OTE) is the equity in an open futures contract.
  6. Associate In Reinsurance (ARe)

    A designation earned by insurance professionals looking for reinsurance ...

You May Also Like

Related Articles
  1. Professionals

    Top Strategies on How to Become a Stock ...

  2. Options & Futures

    Why Is Best Buy Stock So Volatile?

  3. Trading Strategies

    A Guide Of Option Trading Strategies ...

  4. Investing

    What Education Do You Need To Become ...

  5. Options & Futures

    Options and Roth IRAs: Do's and Don'ts

Trading Center