<p>Hi.</p>
<p>I'm a high school student who's really interested in finance/investing. I've been wondering if it's technically possible for me to take a series 65 exam (Investment Advisor). I don't think there's any specific age rule, but I'm not part of a member firm... does anyone know specifics?</p>
<p>Thanks.</p>
<p>By the way, I’m from MD if that matters…</p>
<p>You can’t be licenced until you are 21.
I would never take advice from someone who’s 18-21. Just not enough life experience.
I would buy a MF from someone who’s 18-21 but he’s got to be a great salesman.</p>
<p>Oh I don’t intend to actually start up a business (although I am consulting a few people privately… so your second point isn’t really valid :/)</p>
<p>But are you sure about the age limit? Can you send me a link or something of a wep page that clearly states eligibility… I haven’t been able to find one.</p>
<p>Before you are qualified to take any FINRA exams, you have to be sponsored by a securities firm. That means, you have to be one of their employees.</p>
<p>From Finra web page</p>
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<p>That’s what I thought, but there are U-4 and U-10 forms… one for FINRA firm members and the other for not…</p>
<p>But all I need is a sponsor signature? If that’s it, it may not be that big a deal…</p>
<p>
</p>
<p>No, the sponsor has to fill in a rather detailed form with all the particulars. I doubt you can find anyone willing to sponsor you if you are not legitimate. Besides you need to be fingerprinted and swear everything is legit. I cannot fathom anyone or any firm sponsoring someone not legitimately qualified to take the test. They risk losing their license. Why would anyone do it for you?</p>
<p>cbreeze…</p>
<p>I don’t really understand… 
I’m not going to lie in my application (that would really defeat the purpose.)</p>
<p>My question is, is it legal for me to take this exam?
If not, why? Where are the sources.</p>
<p>For a firm to provide a signature that they are sponsoring me, how are they not being “legit”? From my understanding, they’re simply sponsoring me…</p>
<p>By the way, pedrossi, when they say
What do they mean exactly by self-regulatory organization. Also, how would one obtain sponsorship by self-regulatory organization?</p>
<p>“Form U10, the Uniform Examination Request for non-FINRA candidates, is designed for use by individuals not employed or associated with FINRA member firms who, as part of a registration process, have been specifically required by another regulatory authority to qualify by examination.” was found on <a href=“http://www.finra.org/web/groups/industry/@ip/@comp/@regis/documents/appsupportdocs/p005232.pdf[/url]”>http://www.finra.org/web/groups/industry/@ip/@comp/@regis/documents/appsupportdocs/p005232.pdf</a>.</p>
<p>Cmon, anyone know anything?</p>
<p>In addition, for series 65 it says
“The following examinations do not require authorization from a State Administrator or self-regulatory organization.”</p>
<p>So am I good to go?</p>
<p>You probably can take the exam. You cannot be licensed. You cannot give financial advice without a license. You cannot be paid without a license. </p>
<p>Penalties are severe.</p>
<p>Oh so I can take the exam [officially?]! (That’s really all I wanted…)</p>
<p>So basically, my question is how.</p>
<p>Sorry, I already pointed out that you cannot take any FINRA exams as an individual.
</p>
<p>You need to be sponsored by a firm or a self-regulatory organization. The self-regulatory organization is probably people who work with the NY Stock Exchange. Some of these people are not brokers dealers (not employed by a securities firm) but there are people who work for the NY Stock Exchange who are not broker/dealers who have to be credentialed by FINRA exams. So, you either have to work for the Stock Exchange or a broker/dealer. I can guarantee no high school students can take the test.</p>
<p>Either way, you have submit a form U4 or U10. Form U10 will not be processed until the necessary authorization is provided directly to FINRA by the appropriate regulatory authority. If the required authorization is not received from the appropriate regulatory authority within thirty (30) days of the date of receipt, the Form U10 will be returned unprocessed.</p>
<p>Again… taking the exams as an individual or not should not be an issue… I can probably get a sponsor.</p>
<p>What I want to know is, is it legal for someone under 21 to take these exams…!</p>
<p>
</p>
<p>How? </p>
<p>10 char</p>
<p>Don’t worry about it. xD
The point is, is it <em>legal</em> for me to get a sponsor and therefore take the exam? Again, all I’m asking is if there’s an age limit.</p>
<p>
</p>
<p>This is already raising some red flags. If everything is legitimate, your sponsor will be able to tell you. Why ask here?</p>
<p>well, basically I do not want to go up to my potential sponsor if that’s not even allowed… I don’t want to waste his time.</p>
<p>It’s just a personal connection through a friend, pretty much.</p>
<p>Don’t bother ironing your shirt, they will laugh you out of the office. </p>
<p>You also need to learn to do your own research and not ***** at people when the answers they give you aren’t in line with what you want to hear.</p>
<p>I have the same question–can an individual under 21 (or 18) take the Series 65? There is no sponsorship requirement for the exam but I am wondering if there is an age requirement.</p>