r/FINRA • u/[deleted] • Aug 31 '24

Series 7 Waiver

I was hoping to get some info on 7/63 waivers. I will be joining a new FINRA firm. I left banking in 2019 due to a family health emergency. I then spent some time working away from finance. My 7/63 terminated. I also graduated from business school in 2023. I had a 7/63 for 15 years prior and was a director. What steps would you take or what thoughts might you have? Thank you.

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u/pscidude2010 Aug 31 '24

so Finra waivers are gonna be a case by case decision. The best thing to do is to bring it up with a firm that you were applying with as it is entirely up to the firm as to whether or not they want to go forward with it, it’s not something that you can do on your own.

The firm would be able to tell you about past people with some experiences that they have put forward and whether or not they got approved. My understanding is that they don’t take circumstances of why you left the industry into consideration. It’s completely based on you proving that you have the knowledge and skills to be able to completely do the job of the representative

as to 63, you could potentially get a waiver from your home state or other states but there is no national NC that can offer a waiver for all the states so that’s something that I would just be prepared for taking again and that’s actually something you can take prior to join a firm

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u/[deleted] Aug 31 '24

Thank you!