Trending Content - Private Equity Forum
Career Resources
WSO Free Modeling Series - Now Open Through
November 30, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
Ugh...
1) Did you think about searching the forum before you posted this? Some Asshole wrote a rather nice post about this and it's still fairly valid today.
2) The Series 7 does not allow you to sell securities. It allows you to put yourself out as a agent who can transact in any securities transaction that does not require a specific license (ie commodities, insurance or real estate) on behalf of others. HOWEVER, you cannot engage in anything on the sell side without having your Series 63 or your Series 66 on top of your Series 7 license. Having authorization to sell (ie Having completed the Series 7) does not mean you can legally do so. This has to do with abiding by the Uniform Securities Act and various Blue Sky Laws enacted throughout the US. Just because you have a license does not mean it's valid without all its parts.
3) Google is your friend. Really... it is.
4) Unless you are an RIA, you don't need any licenses on the buy side except if you are trading anything that is covered by the Series 3. This has to do with the fact that the National Futures Association will not let anyone trade futures or commodities without being Licensed.
Why in gods name would you think you need a license to raise capital for buyside funds anyway?
Vel aut repudiandae est excepturi nemo fugit aperiam. A rerum consequatur nihil placeat necessitatibus nihil. Nobis eaque dolorem hic dolor praesentium. Qui autem quo molestiae maiores.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...