Series 7 - no longer need to take?

I have a ob at a prop desk that is merging with a hedge fund. I have been studying for the Series 7 and the guy at my prop desk told me that I no longer need to take the Series 7 because we are merging with the fund. I will still be doing the exact same job and trading intra day. Does anyone know why I do not need to take the Series 7 anymore? He told me it is because I will no longer be a registered representative. Was wondering if anyone had some more insight?

 

Was the prop desk a Market Maker?

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

Your guy is right, but since you started studying already, you might as well take it since you don't know if you will stay with the HF or go back to a bank later on in your career and its just safer to have it.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

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