How long can a Series 6 license be inactive?
If you end your job, your employer will automatically terminate your registration and Series 6 license. As long as you re-register with a new company within two years, your license will remain valid. If you decide not to register with a new company within those two years, FINRA may ask you to re-take the Series 6 exam.
How long do you have to wait to retake Series 7?
However, there are restrictions on the amount of time that must pass between exam attempts. For your first three attempts you must wait 30 days after each attempt, and for every new attempt after that you must wait a period of six months.
Can an RIA hold a Series 7?
It should also be noted that RIA firms do not hold any licenses for individual investment advisers, regardless of it being the Series 7, Series 65, Series 66, etc. RIA in a Box LLC does not provide legal advice or opinions to any party or client.
What can you do with your Series 7 license?
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.