Series 26: Conditions Of Individual Registration

Conditions of Individual Registration

Though a Form U4 is registered into the Central Registration Depository when it is filed with FINRA, the registration does not become valid until the person passes the appropriate qualification exam. No person is allowed to take an exam unless already associated with a member firm, nor can a person maintain an existing registration for longer than two years.

FINRA’s so-called permissive registration makes it possible for certain securities personnel to maintain their registration when they no longer perform the duties associated with that registration. Until now, however, only specific employees of a firm who did not perform