Nowadays is the Series 7 license necessary?

Answer 1

The Series 7 is absolutely required to do any kind of customer business and is even required now for most day trading shops. This is actually one of the questions on the test and the answer is you are very limited if you do not have the license. In most jobs in the industry you will need even more registrations to advance The SIE is a new stepping stone to prove you have some industry knowledge but at the end of the day the Series 7 opens most doors to commissions and being paid to execute transactions

Answer 2

Absolutely, if you would like to join the securities industry in many different types of roles.