I interviewed for a stock broker position today and it went well. The interviewer told me that I will need to pay a $1,000 deposit initially to pay for books and other expenses for the series 7 & 66.
They said they would pay me back the money after I pass the exam. Can I trust this? The firm doesn't look like a boiler room operation.
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i wouldn't do it unless you want to cold call all day long
It should not cost you one dollar to take those tests.
Seems a bit strange to have to put down a deposit but for a smaller shop i guess i can see it. If you speak to another young guy in the position and confirm this then why not, series 7 is cake. Just read all the material and take all the section exams.
No no no. Stay away from this firm.
Did they hand you a phone book too?
lol no they didn't. it seemed like they were hiring the day they gave the interview though
IF you go this route, get in writing their commitment to pay you back for passing, a time frame for when they pay you back, and make sure there's no language about how long you have to work with the firm.
Walk away and only consider firms that don't ask for money up front. You exchange your time and contribution for compensation in the form of money (most times). The only money that firm is making is what you give them. My two cents.
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