In addition to the Series 7 and 63, what licenses are required to open and independent office?
An independent broker-dealer’s office is considered to be an Office of Supervisory Jurisdiction (OSJ), which requires the daily supervision by an individual with a Series 9 and 10 or Series 24. In addition, you will need any licenses applicable to the type of business you or any of your registered representatives (Series 4 for options trading, Series 65 for fee-based business, etc) transact on the behalf of their clients.
Related Questions
- What facilities and licenses do I need to have an independent office with Newbridge Securities? Must I have a Series 24 principal license?
- In addition to the Series 7 and 63, what licenses are required to open and independent office?
- Why is the Office of Financial Management placing my Mass Addition transactions on hold?
