check out this idea

Q

quinson

Hi everyone,

I'm trying to make the jump to the financial world and I have been sending out tons of resumes. I got a call back from a prop trading firm and it was really the first time I had ever heard of such a thing.

Did a little more research and found this place. I'm learning a lot.

Here's my idea: Can I just put up the deposit this firm was talking about and sit on it while I get sponsored for the Series 7? Is that even a good idea? Will fees and things like that just eat away at my deposit? Will they even let me just be an inactive bump on a log while getting licensed?

Probably plenty of things I haven't thought about but just thought I'd ask.
 
Quote from quinson:

Hi everyone,

I'm trying to make the jump to the financial world and I have been sending out tons of resumes. I got a call back from a prop trading firm and it was really the first time I had ever heard of such a thing.

Did a little more research and found this place. I'm learning a lot.

Here's my idea: Can I just put up the deposit this firm was talking about and sit on it while I get sponsored for the Series 7? Is that even a good idea? Will fees and things like that just eat away at my deposit? Will they even let me just be an inactive bump on a log while getting licensed?

Probably plenty of things I haven't thought about but just thought I'd ask.
More...

No "parking" of licesess is allowed. Most firms will have a monthly fee that negates any advantage anyway. But, I'm curious...if you wouldn't be trading, why bother to get a Series 7 anyway?

Don :confused:
 
Quote from Don Bright:

No "parking" of licesess is allowed. Most firms will have a monthly fee that negates any advantage anyway. But, I'm curious...if you wouldn't be trading, why bother to get a Series 7 anyway?

Don :confused:
More...

I was thinking getting a Series 7 might give some advantages for moving into other areas of the financial world
 
Quote from quinson:

I was thinking getting a Series 7 might give some advantages for moving into other areas of the financial world
More...

Most "other" financial institutions won't allow you have have a professional trading set up at the same time. Just FYI.

Don
 
I was thinking just do the year lockup, get licensed, and then start exploring other places. Is it very hard to exit once that time runs?
 
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