Prop Firms Require the Series 63?

frezza · Sep 27, 2002

Apparently you need a series 63 to trade remotely with Bright in Boston. I thought non-NASD prop firms didn't require a series 63. What gives?

Don? Is this true?

Does Echo require a 63 to trade remote as well?

Thanks a lot..........

calibertrader · Sep 27, 2002

Don't worry, it's an easy test. Take it, you can always use it later.

acrary · Sep 27, 2002

The series 63 isn't even a test. It's 4 hours of ethics training that's required to be performed every 2 years. I took it via a CBT
program and sent the disk in to get the certificate. No big deal.

kelly74 · Sep 27, 2002

Do you need a 63 to trade with Bright and Echo in all states?

rtharp · Sep 27, 2002

NASD firms usually require
a Series 7, Series 63 and Series 55

Some of the exchange registered firms just require a 7.

This is a first for me hearing that a Bright trader needs one. ECHO usually didn't but it may in some areas which depends on local regulations. I'd check with the firm to be sure.

Lynx Capital is a NASD firm so all three are required

Robert

tradestox · Sep 28, 2002

Originally posted by rtharp
NASD firms usually require
a Series 7, Series 63 and Series 55

Some of the exchange registered firms just require a 7.

This is a first for me hearing that a Bright trader needs one. ECHO usually didn't but it may in some areas which depends on local regulations. I'd check with the firm to be sure.

Lynx Capital is a NASD firm so all three are required

Robert

Is Lynx an actual member of the NASD or are they a member via Andover?

Thanks

max401 · Sep 30, 2002

Originally posted by frezza
Apparently you need a series 63 to trade remotely with Bright in Boston. I thought non-NASD prop firms didn't require a series 63. What gives?

According to their web site http://www.stocktrading.com/html/steps.html you need a 7 "in most cases."

kelly74 · Oct 1, 2002

Which states does Bright require a series 63 in?

Thanks...

rtharp · Oct 1, 2002

Originally posted by tradestox

Is Lynx an actual member of the NASD or are they a member via Andover?

Thanks

opps thanks --didn't realize I made Lynx look like a member firm of the NASD that's not true.
Lynx Capital is a devision of Andover which is a NASD firm.
Robert