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 austin forex trader training, the licensing exams are a necessity across the board for almost everything you do on the Sell-Side.
If you’re in sales and trading or do equity research, you will need it. If you’re doing any sort of client interaction, you need it. If you’re in banking, you’ll need it. While you won’t need most of the exams offered, I’m going to cover the basics of what you will and will not need to know about these before you sit down to take them. The Essentials: FINRA LICENSES AND YOU! FINRA, or The Financial INdustry Regulatory Authority, is the governing body behind all of these exams. An SRO, for those that don’t know, is a Self-Regulatory Organization.
IF YOU ARE AN INTERN, YOU WILL NOT BE REQUIRED TO TAKE THESE EXAMS. Look back a sentence and reread that statement. Again, if you’re an intern, you’re not required to have your licenses. First, there is cost and nomination. The exam requires the firm to pay for your costs of registration and the costs to take the exam, as well as the need to sponsor you for most of the exams.
Now, on to the important stuff. Basically, this is the exam required to trade commodities and futures. This exam is the “General Securities Rep” exam, meaning that once you pass it, you are able to sell all types of financial products. In order to take the Series 7, your firm needs to sponsor you. Traditionally, it’s taken within the first three months of employment, as that is the period, as defined by FINRA, of apprenticeship where you are supposed to learn and take your exams.