Series 7, 63 expired

dac8555 · Jul 28, 2006

I got my licenses in 2000.

I have been overseas for a number of years and not registered with a US firm, as a result, after 2 years the licenses have expired.

Does anyone know if i were to go back to the states...if i could simply reapply for them, or would i have to start again and retake them?

Truff · Jul 28, 2006

Quote from dac8555:

I got my licenses in 2000.

I have been overseas for a number of years and not registered with a US firm, as a result, after 2 years the licenses have expired.

Does anyone know if i were to go back to the states...if i could simply reapply for them, or would i have to start again and retake them?

100% NEED TO TAKE THEM OVER. NO IF, ANDS, OR BUTS

ratboy88 · Jul 28, 2006

Quote from Truff:

100% NEED TO TAKE THEM OVER. NO IF, ANDS, OR BUTS

WRONGGGGGGGGGG!!!!!!!!!!!! IF you join certain prop firms the exchange may grandfather your 7. i think the philly still does this, not sure about the chicago. sure beats the hell out of taking the exam again.

Surdo · Jul 28, 2006

There is no grandfathering, If 2 years and a day have elapsed, since they were last active, it is as if you never took them.

PERIOD.

http://answers.atgnow.com/nasd/resu...s 7, 24, 55, and 63 licenses.&resultType=5002

http://answers.atgnow.com/nasd/categoryBrowse.do

trader1966 · Jul 28, 2006

I am so tired of people on this site giving crap answers to serious questions. The NASD can and might reinstate your 7 if you can prove you have remained in the business, buy side etc. The compliance person at your new firm will be able to help. The thing is it is faster to just re-take the exam then wait for the petition for reinstatement to be approved.

Surdo · Jul 28, 2006

Trader1966:

Show me a link that states this, or are you making this up, as usual. I spoke to 2 compliance officers and got the same answer, S.O.L., take the tests again.

trader1966 · Jul 28, 2006

Why would I "make this up". There is an NASD Petition For Re-Instatement provision and any real compliance person would be familiar with it. If the 7 expired because you were working on the buy side they will almost always grant it back. The process however is slow and can take up to three months, it is faster to just requalify by exam.

dac8555 · Jul 28, 2006

now boy, play nice.

thanks for the response...now the question is if i really want to move back state side?

Truff · Jul 28, 2006

Quote from ratboy88:

WRONGGGGGGGGGG!!!!!!!!!!!! IF you join certain prop firms the exchange may grandfather your 7. i think the philly still does this, not sure about the chicago. sure beats the hell out of taking the exam again.

THATS RIDICULOUS. Who gave you that info?

midlifeguy · Jul 30, 2006

If you do want to take the exams again and have no quotas working from home or your own office, what place is best?

thanks