Can I take the Series 7 exam without a company sponsoring me?

Answer 1

The new answer is a mix of "yes" and "no" as compared to the old answer of "no." That's because the old Series 7 has now been split into two different exams, which are now the SIE (Securities Industry Essentials) exam plus the new Series 7 Top-Off exam. The SIE does not need a sponsor yet the Series 7 Top-Off exam does. Here are details about the new SIE exam.

1. The SIE exam is open to anyone aged 18 or older that's interested in demonstrating basic industry knowledge to potential employers.
2. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.
3. SIE exam results are valid for four years.

Hope this helps.

Best,

Kevin

Answer 2

No, unfortunately, in regards to the Series 7 Top-Off Exam, it’s just like the past Series 7 rule, you must be sponsored. In regards to the brand new SIE Exam, for this exam, you don’t need any type of sponsorship.

Answer 3

Per FINRA, the Series 7, which is now a "Top Off" exam, you must be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO) member firm to be eligible to take it.

It's important to know, that the companion SIE (Securities Industry Essentials) exam is open to anyone aged 18 and older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. So association with a firm is not required and you are able to take the SIE before or after associating with a firm.

Hope this helps.

Kevin