Help! (Series 66/7)
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? ThanksStop posting this everywhere…
“everywhere”?
wtf r u talking about? I posted it in 2 places....under "legal" and under "RIA". That's your only reply to my question? what an a-hole.ask your compliance guy @ your b/d… oh wait.
Man, you guys are rough. Bobby, as far as I know, you only need your 66 to be an RIA. You could drop your 7 altogether (I think). Don’t take this as gospel, though. Go to your prospective custodian’s website (Schwab, TDA, Fidelity, T-PMR, etc.) and get their whitepapers on how to set up an RIA.
I believe if you have your cfa/cfp you are exempt from taking the test. (if you have either one of them)
You do nothing with your 7 once the RIA is set up. It will expire after two years. If you decide to keep it, you need to affiliate with a b/d again before the two year mark is up. After two years, you need to retake the test if you want it back.
[quote=mlgone][quote=bobbylaw]“everywhere”?
wtf r u talking about? I posted it in 2 places....under "legal" and under "RIA". That's your only reply to my question? what an a-hole.[/quote] your the a-hole. Take a hint and leave. Go back to your teletubby website[/quote]Dude, you are killin' it today! LMFAO!
Source URL:https://www.wealthmanagement.com/forums/legal-issues/help-series-667