Series 7 renewal

[axehawk]

Originally posted by Bryan Roberts


it also depends on what you want to use it for. if you plan on being a broker for Merrill lynch you will probably have to take the exam again. but if you are wanting to trade for a prop firm like echo then it can be grand fathered.

Could you please explain how we could be grandfathered in at Echo? I think I heard that if you were once a member of the PHLX and you joined another PHLX firm, then you could be grandfathered.

Also, once your are 'grandfathered', do you have full privileges or are you a restricted member?

Thanks.

 

[Magna]

Originally posted by Mr Subliminal
....21 year-old Amanda....doesn't know it yet (or so it seems), but she is in for a good grandfathering tonight.

Monsieur Sub, maybe she does know it, and is quite looking forward.... Never underestimate the libido and profound bodily wisdom of a 21 year-old. Grandfather onward....

 

[Bryan Roberts]

Originally posted by NasdaqTrader


What do you mean by grand fathered?Also,does Echo require a series 55 to trade Nasdaq?

Originally posted by axehawk


Could you please explain how we could be grandfathered in at Echo? I think I heard that if you were once a member of the PHLX and you joined another PHLX firm, then you could be grandfathered.

Also, once your are 'grandfathered', do you have full privileges or are you a restricted member?

Thanks.

NasdaqTrader,

No you do not need a series 55 to trade at echo. grand fathered just means your "old" license that expired will be re-instated even though there has been a lapse of more than two years with a member firm.

axehawk,

i will double check if you like, but the way i understand it is if you have ever had a series 7 the phlx will grandfather it. I am not sure what you mean by "restricted" but my guess is you will have full privileges. i will talk to my firm today and get confirmation.