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Mar 13, 2008 10:53 am

Hello, I need some advice.

1 year and 11 months ago I finished an internship with Smith Barney, and my series 7 and 63 license is about to expire. I finished college last summer and have been employed in a non-banking capacity. I really enjoy my current profession but I don't want to lose the licenses. Are there any investment banks who need part time, or weekend brokers? I know that is a silly question but it was worth asking.   Also, how does one go independent?   Thank you for your time.
Mar 13, 2008 11:26 am

I’m surprised to find myself recommending this, but it fits. Check out Primerica. It will allow you to keep your licenses, and you can be a evening & weekend broker. It’s not a top tier firm in large part because it’s reps are primarily part time & it has a MLM focus. To keep your toe in the business, though, it may not be a bad way to go. I’m sure there are other firms like it, too, but I haven’t paid much attention…

Good luck!

Mar 13, 2008 11:30 am

Isn't it against FINRA rules for any firm to hold licenses?

Mar 13, 2008 11:57 am

Not if you’re at least producing part-time.  It’s only illegal to park a license (no production).

Mar 13, 2008 12:33 pm

Wow, they are the worst of the worst but I guess beggars cant be choosers.

  Thanks!   What about an independent? How does that work?
Mar 13, 2008 1:35 pm

does primerica have a full B/D or just funds?

If full then go for it. another bottom feeder that might take care of ASAP are the boys 'n gals in green.   to go indy you still need to hook with a B/D that will sponsor you.    
Mar 13, 2008 1:45 pm

Thanks! What is B/D?

Mar 13, 2008 4:45 pm

Broker Dealer

Mar 13, 2008 7:19 pm

You might also check into Quest Capital Strategies, Inc. They used to advertise for part-time brokers.

  Do you own due diligence!!
Mar 14, 2008 7:37 am

Thanks for all of the feedback.

Mar 27, 2008 9:11 am

[quote=doberman]You might also check into Quest Capital Strategies, Inc. They used to advertise for part-time brokers.

  Do you own due diligence!![/quote]     I Contacted them---   The gentleman told me that there would be no way to process my paperwork in less than a month, therefore my license will expire.   Oh well, it's my own fault for waiting until the last minute. Cest le vie.
Sep 6, 2012 10:29 am

hopefully you dont have to get your licenses again. It seems like the exams are getting harder and harder each year.