…that’s like asking what’s the best company to launder cash and smuggle dope for…

[quote=opie]I am leaving the business and interested in parking my licenses somewhere to prevent them from lapsing.  Any suggestions on best places to do so?[/quote]

If you are leaving the business why do you care?

FYI “parking” is a practice that is expressly forbidden by regulators.

…that’s like asking what’s the best company to launder cash and smuggle dope for…

If you are leaving the business why do you care?

…that’s like asking what’s the best company to launder cash and smuggle dope for…

Yo dice es en Columbia, Senor Doberman! Vaya con Dios!

First, you have two years from the date you resign before your license is terminated. It can hang for 2 years without you being affiliated with any firm.





Second, there is no firm that will be willing to keep your licenses alive without doing any business. There was a series of fines levied against firms for doing just that. ‘Parking’ licenses is totally forbidden. So, I’d doubt that you will find any firm willing to place their neck on the line without any ability to be compensated, justly, for their liability.



So, in short, you won’t find what you are looking for.



Good luck in your new endeavours.



C

If you leave the business then let them lapse.

you don’t need to leave the business, just keep your insurance license and your 65.

I AM IN THE SAME POSITION AS YOU ARE WITH MY SERIES 7, 55 AND 63. I was wondering if you might be able to let me know who I could park these licenses with.

[quote=bruchee]I AM IN THE SAME POSITION AS YOU ARE WITH MY SERIES 7, 55 AND 63. I was wondering if you might be able to let me know who I could park these licenses with.

You could wait 18 months or so and join a daytrading firm, trade with him a bit and restart the two years.  Just make sure your intention is to see if daytrading is for you NOT keepling your licenses active.

If i owe my firm money for monthly fee, annual licese fee etc. can they go after me for the paymnetd.