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Series7 without working for a firm =How?
- Thread starter sorosisgod
- Start date
It allows me to do the following legally:
Soliciting business for the broker-dealer from customers and potential customers,
Evaluating clientsâ financial situation and needs, financial and tax status, other security holdings, and investment objectives,
Opening accounts, transferring assets, and keeping proper account records,
Giving information to customers about investments and making suitable recommendations,
Receiving and verifying the buy and sell instructions given by customers, entering orders, and following up,
Passing the Series 7 exam allows license holders to solicit, purchase, and sell all securities products, including:
Corporate securities
Direct participation programs (limited partnerships
Investment company products (including mutual funds)
Municipal securities and municipal fund securities
Options
Variable contracts (annuities)
Soliciting business for the broker-dealer from customers and potential customers,
Evaluating clientsâ financial situation and needs, financial and tax status, other security holdings, and investment objectives,
Opening accounts, transferring assets, and keeping proper account records,
Giving information to customers about investments and making suitable recommendations,
Receiving and verifying the buy and sell instructions given by customers, entering orders, and following up,
Passing the Series 7 exam allows license holders to solicit, purchase, and sell all securities products, including:
Corporate securities
Direct participation programs (limited partnerships
Investment company products (including mutual funds)
Municipal securities and municipal fund securities
Options
Variable contracts (annuities)
It only allows you to do such things on behalf of the firm that sponsored you, not independently.Quote from Beebers:
It allows me to do the following legally:
Soliciting business for the broker-dealer from customers and potential customers,
Evaluating clientsâ financial situation and needs, financial and tax status, other security holdings, and investment objectives,
Opening accounts, transferring assets, and keeping proper account records,
Giving information to customers about investments and making suitable recommendations,
Receiving and verifying the buy and sell instructions given by customers, entering orders, and following up,
Passing the Series 7 exam allows license holders to solicit, purchase, and sell all securities products, including:
Corporate securities
Direct participation programs (limited partnerships
Investment company products (including mutual funds)
Municipal securities and municipal fund securities
Options
Variable contracts (annuities)
This is why you require to be sponsored in order to take the 7.
Thanks. I realize that.
I have had TWO job interviews last week where they lament the fact that I do not have those licenses. And yes, they will sponsor me, however, if I have the license beforehand, I would get $20k more right off the bat rather than waiting 2 years to work myself up their structures. And I could pass that exam in a month.
I have had TWO job interviews last week where they lament the fact that I do not have those licenses. And yes, they will sponsor me, however, if I have the license beforehand, I would get $20k more right off the bat rather than waiting 2 years to work myself up their structures. And I could pass that exam in a month.
First of all, I would like to commend you on digging up a TEN YEAR old thread!
Go work for a smile and dial bucket shop that does not pay a salary to get sponsored if you really think a series 7 is your ticket to ride.
I would give you mine, but I let it expire a few years ago when it had zero value.
A BD has to sponsor you not a State!
Go work for a smile and dial bucket shop that does not pay a salary to get sponsored if you really think a series 7 is your ticket to ride.
I would give you mine, but I let it expire a few years ago when it had zero value.
A BD has to sponsor you not a State!
Quote from sorosisgod:
Why take it? I get tired of thinking like a trader. I want to be able to think like a stockbroker when I want to.
Besides the S7 has a ton of cool stuff in it. Perhaps some of it could be relevent to traders.
what is the outcome if one were to schedule the test at prometric and just go in and take it. I've taken a bunch of Microsoft Exams there. It doesn't seem like it should be such a big deal.
Does Prometric stop you at the door if you have no sponsor?
I know I will never work for a firm so, What can happen?
At what point does it become a violation.
I am looking for a workaround.
Let's hear from someone who paid the $1043 to be sponsored by AnonTrading. Did it come back to haunt you?
thanks.
I have the 7. it has nothing to do with trading, if you know how to trade you have a leg up on the series 7 regarding trading.