Skip navigation
Menu
Search Forums
The Advisor Forums

For Bill-FINRA Seeks to Expand BrokerCheck

or Register to post new content in the forum

2 RepliesJump to last post

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Feb 19, 2010 8:58 pm

CALI123

Joined: 2009-01-30Offline

I saw you made some comments on this article. Do you know if the proposed extension of the 2 year rule (to 10) will include former reps with clean records?

I am an RIA (as of a year and a half ago) and I do run into prospects who look me up on broker check and see that I am not registered. I makes it look as if I am not licensed in the industry.

Prospects don’t seem to quite understand “I’m not Finra registered, just SEC registered”. I still wonder how many people have not given me business because they think I am not licensed.

Thanks for any input!



Feb 20, 2010 4:13 am

joelv72

Joined: 2008-11-28Offline

I would also be curious to see if this extends the two year lapse to retake the 7 from 2 years to 10.  Methinks not, FINRA is a fickle creature unto itself, kind of like a fraternity.  BTW, if they think 2 years removed from the test makes an advisor outdated, they need to look at the subject matter of the test itself.  Some of the material is hopelessly (like 30 plus years outdated).