Fired for not passing Series 7 @ MSSB . U5 question

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Aug 14, 2013 3:56 am


I have a series 6 and was fired at MSSB for not passing (missed by 5 questions) does anyone know what they are going to report to my U5? 



Will other firms consider me?

Aug 14, 2013 2:22 pm

Yes! wirehouses make a lot of money off RIA accounts, so not being licensed will crimp you there. Independent broker dealers have no problem with a rep who has a 6. For your own career benefit, i would suggest you getting a 65 so you can participate on some level of managed accounts.

Aug 15, 2013 10:36 am

I wouldn't worry so much about something being reported on your U5 (U4). What I would worry about is if you are with the right broker-dealer. I would like to have a phone conversation with you about my firm.

Feb 17, 2014 10:08 am

I know a guy who failed the series 7 at ML and got hired afterwards at MSSB to study and take the 7 there. I also know a person who failed the 66 at Wells Fargo and got hired afterward at ML to study and prepare for 66 while going through the PMD program.

Feb 17, 2014 3:29 pm

If you fail the Series 7, you need to honestly reconsider being a financial advisor. real talk.

Feb 17, 2014 10:47 pm
gekko the great:

If you fail the Series 7, you need to honestly reconsider being a financial advisor. real talk.

Yeah...bc no one has ever failed something the first time and then gone on to be great. What a moronic statement