Not always. According to the Financial Industry Regulatory Authority (FINRA), (formerly National Association of Securities Dealers), if your Series 7 is still active, you can temporarily convert your license into a Series 6 without writing the Series 6 examination. This is because the Series 7 exam is essentially the Series 6, 22, 42, 52, 62, 72, and 82 examinations all wrapped into one, so you have already studied Series 6 materials.

This is very helpful if your current job title restricts you from registering as a General Securities Representative. If you are able later on to register with a Series 7, all you need is your firm's permission to convert back to your Series 7 registration. Click here for more information.

However, you should know that, unlike the Series 6 exam, the Series 63 exam material does not cover the same ground as the Series 7 exam. It is a supplemental exam that mainly deals with the Uniform Securities Act and is administered by the North American Securities Administrators Association (NASAA). It is required by law in some states in America. Click here to see if you are required to write the Series 63 examination.

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  3. Is a financial advisor required to have a degree?

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  6. If I have only a limited amount of time to study for the Series 6, what should I ...

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  1. Security

    A financial instrument that represents an ownership position ...
  2. Series 6

    A securities license entitling the holder to register as a limited ...
  3. Advanced Diploma In Insurance

    A qualification earned by insurance professionals and conferred ...
  4. Associate In Personal Insurance (API)

    A designation earned by professionals looking for training in ...
  5. Associate In Reinsurance (ARe)

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

    A designation earned by insurance professionals involved with ...

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