Home > The Business of Trading > Professional Trading > Series 7 to expire: HELP

Series 7 to expire: HELP

  1. My 7 is set to expire in 30 days. Any help on where to place it before that time? Working now in futures and my firm dropped their b/d recently, so my 7 is SOL. Need a b/d firm to go with quickly. Please respond. Thanks community...
     
  2. Is recently 700 days??
     
  3. Exactly thirty days remaining til expiry...
     
  4. Unless the regs have changed, you normally have 2 years from the time your registration is released by the broker to "park it" with another firm.
     
  5. if they dropped it "recently" then youre okay for two years...
     
  6. Right to all the above posts...
    Two years is up next month. Anyone know of any firms who pick up independent reps just starting out.
    Thanks
     
  7. Last I heard Parking was illegal...
     
  8. This is my understanding too. However, I believe that it is possible to sponsor oneself. I think you would need a Series 24. Can anybody fill in the details?
     
  9. why dont you go to some small boutique brokerage firm, pretend you want to coldcall, work a day and quit??? thatll renew it for two more years...



    how are two years up if they just recently dropped theyre b/d... if youve been with them, and they dropped it recently then your okay...

     
  10. Good point above...
    My firm never picked up my 7 as I was still studying for the 3. After the compliance runaround I found out the chairman was (has) dropped the b/d side. Much to my dismay.
     
  11. speak to the compliance dept. see if they can put you on effective immiediately, or if not speak to someone at the nasd for further assistance... but if you want the quick easy way out, try what i wrote before...
     
  12. See this post from June '03 (point #3)

    http://www.elitetrader.com/vb/showthread.php?s=&postid=277934#post277934

    Dont play games with the NASD, they've caught on to "parking", in the Oct '03 NASD Bulletin. If anything stop into a local MetLife and speak with the sales manager, tell him you'd like to sell life insurance...ASAP. If your U4 is clean, they'll TAT you over within a few days. Take it from there...
     
  13. Thanks Ram,
    I was thinking of stopping in to a local Primerica office. I know they'll take anyone. May have to get ins license first though- don't know their 'training' process...
     
  14. Your welcome...

    Most of those firms require Series 6 and L&H. You've got the 7, so that takes care of the 6. Tell them you'll study for L&H after they TAT the 7. Stats show that 6 is harder test than L&H, thats based on my friends opinion...he's a regional manager for Met. So they may snap you up since you've got the 7.