Fired for not passing Series 7 @ MSSB . U5 question

5 replies [Last post]
amir123's picture
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Joined: 2013-08-14

I have a series 6 and was fired at MSSB for not passing (missed by 5 questions) does anyone know what they are going to report to my U5? 

Will other firms consider me?

irwin lowi's picture
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Joined: 2013-08-14

Yes! wirehouses make a lot of money off RIA accounts, so not being licensed will crimp you there. Independent broker dealers have no problem with a rep who has a 6. For your own career benefit, i would suggest you getting a 65 so you can participate on some level of managed accounts.

rjm's picture
rjm
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Joined: 2009-02-28

I wouldn't worry so much about something being reported on your U5 (U4). What I would worry about is if you are with the right broker-dealer. I would like to have a phone conversation with you about my firm.

Belem148's picture
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Joined: 2012-07-13

I know a guy who failed the series 7 at ML and got hired afterwards at MSSB to study and take the 7 there. I also know a person who failed the 66 at Wells Fargo and got hired afterward at ML to study and prepare for 66 while going through the PMD program.

gekko the great's picture
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Joined: 2013-11-08

If you fail the Series 7, you need to honestly reconsider being a financial advisor. real talk.

Jhud423's picture
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Joined: 2013-10-18

gekko the great wrote:
If you fail the Series 7, you need to honestly reconsider being a financial advisor. real talk.

Yeah...bc no one has ever failed something the first time and then gone on to be great. What a moronic statement

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