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

By Investopedia AAA
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 is the difference between a stop loss order and a limit order?

    Learn how to manage losses and reduce risk in volatile markets while reviewing the differences between stop-loss orders and ...
  2. What types of items can you buy futures for?

    Learn what items futures may be purchased for, what a futures contract is and discover how the futures markets have greatly ...
  3. If I use hedging as a risk strategy, do I have to keep my eye on my portfolio all ...

    Understand the concept of hedging and learn how this key element to portfolio management can help an investor protect profits ...
  4. What is the difference between a stop order and a stop limit order?

    Learn the differences between a stop order and a stop limit order. Traders use these as stop losses and regular investors ...
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. Multibank Holding Company

    A company that owns or controls two or more banks. Mutlibank ...
  4. Short Put

    A type of strategy regarding a put option, which is a contract ...
  5. Financial Conduct Authority (UK) - FCA

    The regulator of the financial services industry in the United ...
  6. Wingspread

    To maximize potential returns for certain levels of risk (while ...

You May Also Like

Related Articles
  1. Options & Futures

    Give Yourself More Options With Real ...

  2. Options & Futures

    The Future Is Now: All About Futures ...

  3. Options & Futures

    How To Protect A Short Position With ...

  4. Options & Futures

    How To Build Valuation Models Like Black-Scholes ...

  5. Options & Futures

    A Detailed Look Into China's Options ...

Trading Center