Series 65 Question

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Feb 2, 2007 5:18 pm

I took the Series 65 (the old RIA)back in 1997 when I started at SB.


I recently changed B/Ds and my new B/D says that there is no record of my 65.


They told me that MA does not require the 65 to do non-discretionary fee business, but I did SB's GPM program, which was discretionary fee accounts. 


They don't know if I was under some sort of SEC exemption because SB is an RIA, but then why would I have had to take the test? 


They told me also that SB may have just forgotten to put it on my U4 and so it lapsed, and now I have to take the test over again.  Not that it was a hard test, but I really wanted to avoid that if possible.


Any SB people out there that can speak to this?  Any way to find out what happened?  I tried calling Corporate in NY registration department, and they told me to call my old BM.  Both my BM and Branch Admin person are new, and I doubt they'd want to help much anyway - what's in it for them?


I'm hoping someone here can help.

Feb 2, 2007 5:21 pm

It's not going to help but I have heard from reps at different firms (not SB) that BD's let these lapse w/out saying anything to the rep. 

Feb 2, 2007 7:25 pm

did you ever complete a session 101 tutorial for your series 65?


reason I'm asking is I was just told I had to complete one in order to keep the series 65 portion of my series 66 license active.

Feb 2, 2007 9:12 pm

What I can't understand is how they can let it lapse if you need it to do the type of business you are doing at the firm (SB).  Again, why would they make you get it in the first place.


I don't remember specifically taking a 101 tutorial, but went for lots of mandatory CE so can't tell you I didn't....