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How long for the series 7 license to expire after leaving a BD firm?

April 26, 2017BD firm leaving license SERIES

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Posted

How long for the series 7 license to expire after leaving a BD firm?

2 Answers

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series7 series7 Posted

If you leave your BD firm your series 7 license will expire after 2 years. Then you should pass this test again.

Read more here:

http://investinganswers.com/term/series-7-70

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2 years, but there are exceptional cases in which Finra will reinstate a series 7 license if there has been more than a 2-year lapse. Examples would be in the case of military service or if someone was working in the securities industry abroad, etc. Under this example, the person would need to request a waiver from Finra, and they will either deny or grant it, depending on the specific circumstances.