Series 24: 1.2.5.7. Active Military Service

Taken from our Series 24 Online Guide

1.2.5.7. Active Military Service

If a registered person enters active military service, that person will be placed on inactive status upon notification to FINRA. That person may no longer perform her normal duties but will remain registered for FINRA purposes. The firm may allow that person to retain a share in the commissions from her former accounts.

Moreover, FINRA provides registration and licensing relief to FINRA-registered persons who volunteer or are called into active military duty. Once the person is placed on inactive status, the continuing education requirements will be suspended. In addition, while on inactive status, the person will not be subject to the two-year license expiration period that normally results when a registered person leaves his job.

If a person who is not currently but was f

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