Do I have to retake the series 7 exam?

C

cubical

I was with a prop firm for 2 years, I left last Nov. Will I have to retake the exam or will I be able to simply take the "renew" test. Thanks guys.
 
If your firm registered you than you should be ok as the FINRA threshold is 3 years. Make sure though the prop firm was actually hanging your license, if they weren't than the 3 year time frame goes back to the last firm that held it.
 
It's important to note that even though you were at the firm, they may not have necessarily kept your 7 with Finra in their name (there is a cost for that) You should be able to call Finra and they should have that info.

The continuing education exams you need to take are a formality..at best..you take the test, they tell you which questions you need to correct, you correct them and walk out. :)
 
Quote from dcunited:

If your firm registered you than you should be ok as the FINRA threshold is 3 years. Make sure though the prop firm was actually hanging your license, if they weren't than the 3 year time frame goes back to the last firm that held it.
More...

Dont make the mistake I did...When you leave a firm, it expires after 2 years, not 3. I remember this because I wanted to keep my license and not take the test again so I started doing my inquiries a few months before my 3rd year...then I found out it expired after the 2nd year and I would have to take the test over again. DOH.
 
You must log in or register to reply here.
Back
Top