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.