Q:
Q: Do I need to take the Series 6 examination after I have already successfully completed the Series 7?
A:
No. According to the National Association of Securities Dealers (NASD) 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.

MORE FAQS

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

  2. I completed the Series 6, do I have to complete the entire Series 7?

  3. Do financial advisors have to be licensed?

  4. My job with a member firm has recently been terminated and I do not want to write all of my securities exams again. How do I prevent my licenses from expiring?

  5. What licenses does a hedge fund manager need to have?

  6. Do I have to successfully complete the Series 7 exam before I can register for the Series 63 exam?

  7. I passed my Series 7 exam, but I terminated employment at my sponsoring firm before I received my license. Is my exam still valid?

  8. I am not a resident of the United States, but would like to be qualified as a registered representative in the U.S. Is it still possible for me to write the Series 7 exam?

  9. How do I receive sponsorship from a member firm in order to write a Series 7 exam?

  10. Is my Series 63 registration transferable to another state?

  11. Can you trade securities before you pass the Series 63 exam?

  12. Am I qualified once I complete my FINRA certification exam?

  13. If my employment with my current firm terminates relatively soon, do I have two years before my FINRA exams expire no matter how long I was with the last member firm?

  14. Are dividends the best way to make money for retirement?

  15. How many attempts at each CFA exam is a candidate permitted?

  16. What's the average salary of a financial advisor?

  17. Why is Hong Kong considered a tax haven?

  18. Is smart beta cheaper than hedge funds?

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