If I were to trade spot forex (and only spot forex) for a RIA, would I be required to hold a series 6, 7, or any other licenses? I have looked around a good deal online and the only mention I can find in FINRA's documentation relating to forex deals with forex options, which I will be avoiding. Does anyone know? Thanks
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License Question
- Thread starter mvee
- Start date
Quote from mvee:
If I were to trade spot forex (and only spot forex) for a RIA, would I be required to hold a series 6, 7, or any other licenses? I have looked around a good deal online and the only mention I can find in FINRA's documentation relating to forex deals with forex options, which I will be avoiding. Does anyone know? Thanks
There are new laws and regulation that went into effect this week. It appears that cash forex market dealers have new guidelines. I do not trade forex so I can not provide information concerning licenses. A RIA would be registered with the SEC and CTA with the NFA. Your employer should be able to advise you of your license requirements. Here is a link with information about the new regulations:
https://docs.google.com/viewer?url=http://www.forexcompliance.org/final-forex-rules.pdf
For those of you who might stumble upon this thread, after contacting FINRA directly I found that a license is in fact required. (Series 34) Thanks for the responses, guys!
More info:
http://www.finra.org/Industry/Compl...nsExams/RegisteredReps/Qualifications/p011096
More info:
http://www.finra.org/Industry/Compl...nsExams/RegisteredReps/Qualifications/p011096