How Do I Get My Series 7 License?

To take the Series 7 exam, you must be sponsored by a FINRA member firm or a self-regulatory organization (SRO).

Firms apply for candidates to take the exam by filing a Uniform Application for Security Industry Registration or Transfer (Form U4).

How long does it take to get Series 7 license?

Most financial institutions will provide new hires with Series 7 study materials and will encourage them to allocate about 1 week of dedicated study time. In reality, test takers should spend close to 100 hours, of which at least 20-30 hours should be dedicated to practice exams and questions.

Can I take Series 7 on my own?

Sadly, you must be sponsored by a FINRA-member firm in order to take the Series 7 exam. Yes, this is annoying for both employees and employers :). You can take the SIE exam without sponsorship at a firm (which means you can take and pass it before applying to jobs to boost your resume).

What does a Series 7 license allow you to do?

The Series 7 is an exam and license that entitles the holder to sell all types of securities products except commodities and futures. The purpose of the Series 7 license is to set a level of competency for a registered representative or stockbroker to work in the securities industry.

How do I get my Series 6 license?

You can get your Series 6 license by following these steps.

  • Step 1: Take and Pass the SIE Exam.
  • Step 2: Secure a Sponsorship.
  • Step 3: Take and Pass the Series 6 Exam.
  • Step 4: Register Your License.