Is the Series 7 transferable?

You do not have to retake the exam. It will transfer from state to state, but you have to pay licensing fees in each state.

How long can my Series 7 license be inactive?

two years
A complication of the Series 7 and 66 licenses is that you can only maintain them in good standing for two years once you’ve left an investment firm.

Do you get a certificate for passing the Series 7?

Also, candidates must pass both SIE and Series 7 exams to become licensed brokers. Upon completion of the Series 7 exam, FINRA does not award physical certificates to successful candidates. Instead, potential employers can access the proof of exam completion on FINRA’s Central Registration Depository (CRD).

Do you have to be a US citizen to be registered with Finra?

Under NASD Rule 1100 , all persons associated with a member who are designated as Foreign Associates are required to be registered with the NASD….NASD Provides Interpretive Guidance On The Conduct Of Business Abroad.

How do I list finra on a resume?

Write out any acronyms the first time you use them. For instance, if you have FINRA Series 7 certification, you would write FINRA out in full as “Financial Industry Regulatory Authority (FINRA).” Include dates, particularly for certifications that may expire.

What does Series 7 allow you to do?

What Is a Series 7 Securities License? The Series 7 license or general securities representative (GS) license allows the holder to sell almost all individual securities, including common and preferred stocks, call and put options, bonds, and other fixed income.

Can anyone get a Series 7 license?

To be eligible to take the series 7 exam, you need a sponsorship from a Financial Industry Regulatory Authority (FINRA) member organization or a self-regulatory organization (SRO). To earn this sponsorship, find a job or internship at a financial institution, such as a brokerage firm or bank.

How long does it take to get a Series 7 license?

You need to spend 80-100 hours studying for the FINRA Series 7 exam if you have a finance background and about 150 if you don’t. The first thing you should do is lay out a study plan that ensures you put those hours in.

How do I get a series 7 license?

How to Get Your Series 7 License. 1 Step 1: Take and Pass the SIE Exam. The SIE exam tests common topics such as fundamentals, regulatory agencies and their functions, product 2 Step 2: Secure a Sponsorship. 3 Step 3: Study for the Series 7 Exam. 4 Step 4: Pass the Series 7 Exam.

How long do I have to take the SIE and Series 7?

You have a four-year window in which to take and pass any of the representative level top-off exams, like Series 7, after passing the SIE exam. Note that FINRA says that the SIE and Series 7 exams are “corequisites,” which does not mean you have to take them at the same time.

What happens after you pass the series 7 exam?

After exam success, you become eligible for registration, and the sponsoring firm assumes responsibility for supervising your ongoing activities in the securities business. How to Apply for Series 7 Exam Sponsorship

What are the qualifications to become a FINRA representative?

Candidates must be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO) member firm to be eligible to take FINRA representative-level qualification exams. For more information on registration requirements, refer to FINRA Rule 1210.