Prop Firms Require the Series 63?

Discussion in 'Professional Trading' started by frezza, Sep 27, 2002.

  1. 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?

    Don? Is this true?

    Does Echo require a 63 to trade remote as well?

    Thanks a lot..........
  2. Don't worry, it's an easy test. Take it, you can always use it later.
  3. acrary


    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.
  4. kelly74


    Do you need a 63 to trade with Bright and Echo in all states?
  5. 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

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

  7. According to their web site you need a 7 "in most cases."
  8. kelly74


    Which states does Bright require a series 63 in?

  9. 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.