Series 7 question
- Thread starter dcunited
- Start date
You have to be sponsored, there is a company that will sponsor you, BUT you have to buy the study materials from them. It's not cheap, but if you want more information:
http://www.stockbrokerclass.com
http://www.stockbrokerclass.com
Why do you want to take the exams without joining a firm first?
Are you a glutton for punishment?
Are you a glutton for punishment?
Here is a link to NASD with your answer
http://nasd.broaddaylight.com/nasd/FAQ_23_4989.shtm
The other way to get there through the NASDR website is to click on
http://www.nasdr.com/5200_explan.asp
then click on ASKNASD on the middle left of the page.
As far as a company that will sponsor you. You must have the intention to work for the firm, as it is wrong for a company to sell sponsorships (although some do exist). If the NASD finds out about it, they could revoke the firms license. (at least this is what i have heard.)
http://nasd.broaddaylight.com/nasd/FAQ_23_4989.shtm
The other way to get there through the NASDR website is to click on
http://www.nasdr.com/5200_explan.asp
then click on ASKNASD on the middle left of the page.
As far as a company that will sponsor you. You must have the intention to work for the firm, as it is wrong for a company to sell sponsorships (although some do exist). If the NASD finds out about it, they could revoke the firms license. (at least this is what i have heard.)
You can take the Series 63 on your own without sponsorship.
http://nasd.broaddaylight.com/nasd/...=Qualifications & Exams&Id=&Instance=&Shared=
Hope this helps
http://nasd.broaddaylight.com/nasd/...=Qualifications & Exams&Id=&Instance=&Shared=
Hope this helps
I am not sure why a "buy-side" firm would even care about whether or not you had a Series 7 license. Besides, if you left Wells Fargo for the "buy-side" firm, you wouldn't be able to register your license with them, cause they are not a "broker-dealer". Moreover, your license would expire after 2 years if you didn't find a place to "hang" it.
You can take the Series 63 as an independent, and without sponsorship. It is a 90 minute exam, that is full of legal mumbo-jumbo, written by attorneys, for attorneys. It has very little to do with the Series 7, or the financial markets for that matter.
Some "buy-side" firms like their employees having the 63.
For what it's worth, you can also take the Series 3 ( commodity futures ) as an independent, and without sponsorship. However, you do have to register with the National Futures Association as a CTA - Commodity Trading Advisor, and that requires $100.00 per year.
You can take the Series 63 as an independent, and without sponsorship. It is a 90 minute exam, that is full of legal mumbo-jumbo, written by attorneys, for attorneys. It has very little to do with the Series 7, or the financial markets for that matter.
Some "buy-side" firms like their employees having the 63.
For what it's worth, you can also take the Series 3 ( commodity futures ) as an independent, and without sponsorship. However, you do have to register with the National Futures Association as a CTA - Commodity Trading Advisor, and that requires $100.00 per year.
Question:
Do I need to be sponsored by a brokerage firm in order to take the Series 7 examination?
Answer:
In order to take the Series 7 exam, an NASD-member brokerage firm, a self-regulatory organization (SRO), exchange or state regulator must sponsor you. To learn more, please visit our Web page Qualifications, Exams & Continuing Education.
Do I need to be sponsored by a brokerage firm in order to take the Series 7 examination?
Answer:
In order to take the Series 7 exam, an NASD-member brokerage firm, a self-regulatory organization (SRO), exchange or state regulator must sponsor you. To learn more, please visit our Web page Qualifications, Exams & Continuing Education.