Series 66/7
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Feb 22, 2010 11:41 pm
Hey,
Question: I want to become an RIA. I have a series 7 which is currently "active" with a B/D. I plan to take series 66 exam. If I pass the 66 and then resign from B/D, thereby "deactivating" my 7, will I need to reactivate my 7 elsewhere? Point being: In order to be an RIA, do I just need to have passed the 66 & 7 at some point previously or must the 7 be "active"? What about: if I quit the b/d and am not registered with another b/d for over 2 years? Must I then retake the 7 to maintain my RIA status? ThanksWhat if I was on Mars, would I need to resign before coming to Earth or can I come to earth and then resign.
I am pretty sure you only need a 66 for a RIA(don't quote me), so you can resign from your bd and start a ria.It’s been awhile since I looked at it, but my recollection is that the 66 will not work without the 7. To do a stanalone RIA, you need a 65. If that’s wrong, I’ll stand corrected, but that’s how I remember it.