Is it possible to take the US stockbroking exams series 7 & 63 even though i live in london?

Question

I want to move to New York to work as a stockbroker but need the series 7 & 63 exams. As far as i can see you have to be sponsored by a US company to take them. I already have my financial regulations and securities exam in England but want to take the US exams over here. Is that possible?

Answer 1

"Is it possible to take the US stockbroking exams series 7 & 63 even though i live in london?"

Yes. You may.

PROCTOR are tested in London.

http://www.nasd.com/RegistrationQualifications/BrokerGuidanceResponsibility/Qualifications/NASDW_012998

Exact location:

http://apps.nasd.com/Registration_and_Qualifications/exam/listexamlocs_form.asp

"I already have my financial regulations and securities exam in England but want to take the US exams over here. Is that possible?"

You may want to take 17 instead of 7

Associated persons registered and in good standing with the Financial Services Authority (FSA) in the United Kingdom, or one of the Canadian securities regulatory organizations, would be eligible to take an abbreviated form of the Series 7 examination. The following examinations would be acceptable:

Limited Registered Representative - (Series 17) - 100 multiple choice questions; 2 hours testing time.

*** Again, you must affiliated with an investment firm. Your firm must be a member firm of NASD. If your firm cannot sponsor you, you will not be able to take the test. You will need to "park" your license with one of the firm.
Usually the financial institution want you to work there while you are taking the exam. Thereby, they get cheap labor and you get your education. Otherwise, you will need to pay for your own E&O insurance and admin. costs of operating.

Just in case, you want to be an independent RR. You can visit our company's site

http://www.royalalliance.com/goindependent/join_index.aspx