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