Series 7 waiver?

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Feb 24, 2010 12:06 pm

I am new to the forums, seems like a great resource for guys in the biz. I had a question regarding the 7. I was previously licensed at a boutique B/D and my license went unused for two years in October of 09. I just graduated college and am now trying to get back in the industry so I called Finra and they said that whatever firm I go to could apply for a waiver to activate my 7.


Has anyone heard of this waiver? From what I hear, no one really gets a waiver however the license expired only a few months back. What do you guys think?
Feb 24, 2010 12:14 pm

Uhmmm...I think you need to find a job before you worry to much about this.

Feb 24, 2010 12:19 pm

Realistically you are going to need to retake the test. There was a story a few months back in one of the industry mags (not this one) about a guy who tried to go back to a b/d and missed it by a few weeks. Spent a ton of money petitioning Finra to waive the requirement. They said no. And he had his 7 for over a decade.

Start studying.