Do I Need To Retest?

A student called in and said this the other day:

I was with a brokerage firm back in 2003 is there any grace period to the 24 month rule or do I need to take my series 7 all over again? I can’t tell you how often we hear this exact scenario. But if you are out of the business for more than 24 months you MUST re qualify by taking your series 7 again. The clock starts ticking on the 24 month window when you are U5’d from your firm. So make sure that you know the date you left your last firm. This 24 month window applies to any license. Get up to date questions and exam information on our site at www.securitiesce.com