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Are private equity professionals associated persons?
Maybe a dumb question but want to be certain. I'm moving an investment account to a new platform and it just asked me if I am an associated person. I took the standard FINRA exams like the SIE, 63, 79 last year and was definitely an associated person while at my old bank. But I now work in PE at an...
Deleted
Deleted due to lack of responses / got the answer that I needed. Thanks all.
Series 63 / 7 / SIE
Hey guys, Just accepted an offer in MBS S&T (sales desk analyst) and I am asked to complete the series 63/7/SIE exams. What is the most effective way to study for all three and pass all in one go? Should I be studying each test on its own, or should I mix in a little of all 3? I've been using STC...
FINRA background check with an expunged record/(Discrimination Lawsuit?)
So for some background info.. when I was 18 I hung around some of the wrong people and ended up catching a misdemeanor theft charge. Went through a pre-trial avoidance program and had the entire incident erased from my record by having it (arrest & conviction) expunged and sealed. Now I'm having an...
FINRA Disclosures Post-Work for an IRA/Brokerage Account
Post history turning into retirement questions entirely but whatever lmao I had a 401k match from SA, so I currently have a Fidelity account linked under my previous employer (internship ended). I want to open a Roth IRA and a Brokerage Account, but both ask if me/any immediate family in my house...
Just failed Series 79 TO and 63-how bad is it?
Made this account just to ask this, but how bad is it starting as a first year IB analyst having failed the 63 and 79? I know I have two tries before getting fired, which is also terrifying, but on a scale of 1-10 how dumb is my manager going to think I am?
FINRA prep survey
Hey folks, I'm the founder and CEO of Achievable - WSO's FINRA prep partner . We want to learn more about how people think about FINRA test prep. If you have a free minute or two, it would help us out a ton if you could take this brief market research survey. It's only about 2 minutes long and we're...
FINRA Licensed: Best Career Options
Interested to receive some input on career path options. I have experience at an independent broker dealer working in operations and client facing roles, as well as business development and some derivatives trading for old school advisors. Also, I have worked for BB in back office. I have my FINRA...
SIE Exam - Worth it as a junior?
Hi all, Title really says it all. I'm currently a junior at a small liberal arts college (big target), and currently in the interview process for WM/PB summer analyst roles. I'm wondering if I should spend my month-long winter break studying for and then taking the SIE. Is it an asset on my resume...
FINRA Arbitrator
Today I received an email from FINRA asking me to submit an application to be an arbitrator. This is the first time I heard about this and that they are openly recruiting. After I told them I work for a public company, they said that was ok I just need to disclose everything. This is really random...
FINRA U4
deleteeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Do you need any FINRA licenses to work on the buyside (asset management)?
Self explanatory. Do you need any FINRA licenses (Series 7, 63 etc) to work on the buy-side (asset management specifically)?
SIE exam timeline
I've been studying for the SIE using Knopman Marks for about a month, averaging an hour a day or so..but more hrs/day now that I have to test soon. I read the textbook and am going through their online videos... I have an economics/finance background in college. How long did it take you guys to...
SIE, 63, 79 materials for sale
If anyone is interested. Material from Knopman Marks. $270 for all three - a little more if purchased separately.
SIE exam tips / best study guide?
How many hours did you spend studying for the SIE and what is the best study guide? WSO has an SIE that looks great but I was interested in hearing more about the exam as well. Is it hard for someone who graduated with a finance degree? Is it just a lot of terms/vocabulary to memorize? The pass rate...
SIE Exam Incoming Analyst - Extended Time
Starting my full-time career in a few months and honestly starting to freak out about the SIE exams. I have a documented audio/visual disorder that has allowed me double time on tests and quizzes throughout HS/college as well as other exams (i.e. SAT, ACT, CPA). Will I be able to do the same with...
Transitioning from US to UK
I am currently considering moving to the UK for IB (No need for a Visa). What is the equivalent of the FINRA exams in the US? Would I need to take the exams again? Does the UK need exams at all?
Instagram and outside business activities
Does anyone here run an Instagram/YouTube or any other personal blog of any sorts from which they generate revenue? If you are a registered rep / under Finra jurisdiction, I assume you have declared an outside business activity with your firm. Can you please share your experience? Conversely, if you...
Anyone with experience of taking the SIE or FINRA exams online by remote proctor?
I was just attempting to enroll for the SIE and there is a remote proctoring exam option. I wonder if anyone has experience with this?? If an erasable whiteboard and markers are allowed? Can you use the built-in camera on your laptop? Thank you!
Who's required to take FINRA exams?
Can someone explain who needs to take Finra 63/79 and why only some firms require you to take it? Also, is it possible to take these exams without getting sponsored?
Announce My Lateral?
Do I have to tell firm management where I am lateraling? I might be leaving to a competitor and would prefer not to mention which bank I am lateraling to. I’m not sure if there is FINRA regulation related to this.
Giving Away Knopman FINRA Series 52, 63 and 79 Books
If you would like to have these books (almost new condition), please email me at "[email protected]" Can be picked up if you are in NYC area, or you can email me a shipping label and I am happy to drop them off at the courier
Series 79 (new form)
Hi, Does anyone have any input in regards to the new Series 79 format? I have my SIE, Series 7 and 63.
Should I accept my internship at FINRA even if it's not what I want to do?
Hey all, I recently received an offer from FINRA for market regulation (20/hr + relocation costs for the summer). I am late to the game and am glad to have an offer, but given that it doesn't fit my ideal career path I am curious to accept it. I'm a junior at a semi-target with a 3.4 in economics...
Past (Small) FINRA Violations on Personal Account - Compliance Problem?
I'm in consulting but am hoping to potentially make the move to IB down the line. My concern is about the personal financial disclosures that one has to make. Earlier in my youth, as an idiot, I incurred a couple (2) minor FINRA violations--"free riding" and "good faith" violations--playing around...
Anyone else have to take the Series 7 for banking?
Monkeys, Odd question but wanted to see if anyone has had a similar experience. I'm at a small (
Taking additional licensing exams without company asking for them
Hello all, I work as a stockbroker for a small brokerage firm. My firm helped me get Series 7 and 63. Although my boss doesn't need me to get any additional licenses at this point, I thirst for more knowledge. I want to take Series 3, 65, and 67 to add more qualifications to my resume (and perhaps...
Dismissed ( foj) petty theft california 5 years ago. I'll be applying to ib analyst positions soon. What should I do?
Have a dismissed petty theft on my record from 5 years ago that I am really worried about after reading the few threads. I talked to the FDIC customer service, and they said its an automatic clearance. Although it's dismissed it show's up on a background check ( i did a livescan). Any advice would...
Series 7 STC vs Training Consultants
Taking my 7 for my second time next week....first attempt i sadly got a 71 (lol....) I used STC was scoring low 80s on online test now im scoring high 80s to low 90s. Started taking the Training consultant test today got a 75...Its crazy how much the scores differ. Also took the dummies test got an...
Do we need to list unpaid internships on Form U4?
Filling out Form U4 right now and am unsure if I am required to list all previous unpaid internships? I'm talking internships where I didn't even get a W-2, or have any verification that I even worked there (on paper). I know with brokercheck now, everything is public, so I don't necessarily want to...
Difference between Finra registered and non-registered
Good afternoon Monkeys, A simple quick question. In a M&A circumstance, what's the difference between Finra registered IB and Non-registered IB? Be specifically, What kind of business could a non-registered M&A advisory do? And, what kind of business they couldn't do? Many thanks.
Age for Series 65 Exam
Hi All: I was wondering about the age for any FINRA exam, specifically the Series 65. I am interested in becoming an RIA to manage money. Thanks
SRO career paths
so what kind of career path might someone who works at Finra, National Futures Association, CME, etc. have down the line? I'm lookin at one of these, and while they do seem accounting slanted, it is a somewhat related industry. Would I have a chance at IBD down the line, PE / HF (even if not revenue...
FINRA Licenses in Business School Internships
Do companies 'reactivate' your FINRA licenses if you are in roles (specifically Asset Management /client interacting roles) for summer internships if theyre needed? Or what about for off campus recruiting for roles that you'd start post grad -- will the firm, after hiring you, snag your U4 and...
What's working for FINRA like?
Hi all, Can anyone please tell me what working at FINRA is like? I know that it involves a lot of travel. How is the work life balance? Comp? Is the work interesting? Any advice would help. Thanks Vagabond
Series 56, how long should you study, benefits down road?
I'm wondering, as I'm about to take the series 56 exam, how long did anyone here who took it take in terms of studying? Also, given the sheer amount of stuff on it (it has everything from options hedging/income/fx options to stocks, rules, at least 500+ pages in Pass Perfect), will future employers...
"Hope For The Holidays" To Get Better Pay In 2013
During 2004-2008 employees saw compensation levels across the nine largest IB outstrip revenues but in 2012, executives are now more focused on investors than rainmakers . They have endured two axed CEO’s, incurred losses as HFT and dark pools take over trading , scurried to comply with a sea of...
Blogging and Social Media FINRA Questions?
I'm series 6, 63, and 7 certified, I also have my health and life insurance licenses. Am I allowed to blog or write about my feelings about the markets?
What about FINRA and NASD certifications?
An overview and explanation of the FINRA / NASD certifications was created by WSO super-user Frieds to help out those who are curious. Seeing as there have been a few recent posts about the NASD/FINRA Licensing exams, I thought it would be prudent to discuss them with you guys, since most of you...
what are the qualifications to work in FINRA?
I really want to work in finacial regulation, and I would like to work from entry-level and contribute my whole career life in this area, is there anyone working in this telling me what are the requirements for a job for this? thank you so much!
Would like to start a career in trading, found an internship in risk... should I take the series exams now?
Hi, I was wondering if it would be appropriate to take the series exams now( that are relevant for trading at BB )? or should I wait until and if I get a full time offer in trading. I thought have one or two series exams would make me more attractive to employers. I won't be able to look for an...
Series 63 Retake
Upon graduation from business school I am starting as an investment banking Associate and am required to take and pass the Series 63. Prior to getting my MBA I was in equity research and had a Series 63 license. I worked in research until August 2010. I have heard that the 63 expires after 2 years...
Tutoring for FINRA / Life Insurance exams in Georgia
Since I've seen some people struggle with the following tests, I am willing to offer tutoring sessions for the Series 6 and Series 63 licenses. I am in Atlanta so anywhere in the Atlanta area including downtown, midtown and buckhead at a local coffee shop or local library. I am also offering...
Licensing For Dummies
Seeing as there have been a few recent posts about the NASD/FINRA Licensing exams, I thought it would be prudent to discuss them with you guys, since most of you monkeys looking for full-time employment on the street will need to take them in some way, shape or form. Very simply, the licensing exams...
Investor Confidence and the Kitchen Sink
EXTRA, EXTRA!!!! Investor confidence gone! Investment Banks and Hedge Fungs lunch on the little guy! SEC has'em all for dessert! You pay, if you play! Read all about it!!! . Ok...well, maybe I'm in too much of a post Gatsby mind set today, but CNBC populism always brings a grin to my face. The kind...
The Starr Report
For the younger members who don't know or the older guys who can't remember, Kenneth Starr was the lawyer who tried to get Bill Clinton impeached a little over a decade ago. America obsessed about Bubba and Monica, with Mr. Starr as the ringmaster who enjoyed his 15 minutes of fame as much as...
FINRA Certifications
College student here (incoming sophomore) with nothing planned for the rest of summer. Could someone give me the lowdown on which Series are useful for what career functional areas? Also, where I should find practice exam books / study guides? Passing one or two seems like a decent way to spend some...
Boutique with no broker/dealer license
So the boutique firm I'm interning at this summer does not have a FINRA license. They are a traditional M&A investment bank. Is this shady?
Getting sponsorship to take the Series 7 and Series 66
I am trying to take the Series 7 and 66 a year from now and have started studying. I have been looking for a FINRA firm to sponsor me, does anybody know which firms are easier to get sponsorship from? I am still in college and want to have this designation before I graduate or right around the time...
Series 79 free study guide
I have a very detailed outline that I'm going to make available to the forum. Either through a editable gdoc or through a personal wiki. Frankly, we all spend way too much time studying / preparing for the exact same things. I'm hoping that a few people will taking it upon themselves to improve upon...
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