Series 26: Approval Of Change In Exempt Status

Taken from our Series 26 Online Guide

Approval of Change in Exempt Status

An exempt firm may not change its method of doing business in a manner that would change its exempt status or begin operations that would disqualify it from a continued exemption under the customer protection rule without having obtained FINRA’s prior written approval.

In deciding whether to approve or deny an application for a change in exempt status, FINRA will consider the firm’s type of business, the training, experience and qualifications of its associated persons, its procedures for safeguarding customer funds and securities, its overall financial and operational condition, and any other information considered relevant under the particular circumstances.

NASD Rule 3140

+ Read More

More Series 26 Info

What are people saying?

Create an Account

Since you're reading about Series 26: Approval Of Change In Exempt Status, you might also be interested in:

Series 50 - Understanding Credit

Series 63 - 3.1.2.3. Types of Registration

Series 65 - 5.2.4. Risk Tolerance

Series 63 - 5.5. Investment Goals and Making Suitable Recommendations

Series 26 - Designation of OSJ General Principal

Series 14 - 6.2.4.1. Restricted vs. Control Securities

Series 63 - Practical Application

Series 65 - Risk-Adjusted Return

Series 63 - Chapter 1 Answers and Explanations

Series 82 - Regulation Best Interest

Please Enable Javascript
to view this content!

Site Login

Forgot Password?

Create an Account

TESTIMONIALS

What are people saying?

I used Solomon to study for the 26 and most recently the 24. The material is layered in way that makes it manageable to digest and the instructor response time and explanations are outstanding. I passed both on the first attempt!

Gus Velleco, Allstate, Charleston, SC

I was having a tough time with the series 26 material. It had been 10 years since I had last studied for a test. I used other material of some big name companies that did not help me to understand what the test was asking. I purchased the Question bank from Solomon and I truly believe it is one of the reasons I was able to power through the exam. The questions were more challenging then the actual test itself which really helped me when it came to crunch time.

Ryan Schlagenhauf, Prudential, Shelton, CT

Solomon Exam Prep was the ticket to passing my Series 26 test. I would like to thank you all for your help! I highly recommend your study material for the FINRA exams.

David H. Viar, Farm Bureau Financial Services, West Des Moines, IA

I just passed my Series 26, Principal license. Thank you Solomon, the content was great and the exam simulator was the perfect tool to get this passed!

Greg Fierle, American Fidelity. Springboro, OH

The study materials were spot on! Could not believe it. Topically perfect. Was confident before I hit submit that I had passed.

Peter Cisick, O.N. Equity Sales Co. Collegeville, PA

I took a job which required me to pass the SIE, Series 6, Series 63 and Series 26. Understandably this was a pretty tall task, but the Solomon Exam Prep materials made it incredibly easy. I appreciated how well all of the material was laid out for all four tests. I stuck to the study plans that were included in the resources and passed all four tests on the first try. This was a stressful time in my life, but Solomon got me through it! I would highly recommend Solomon to anyone who is looking to become licensed. Part of my new job is managing other licensed individuals and I recently hired two employees who are now required to be licensed. I reached out to Solomon for a demo of their Admin Portal and it is wonderfully comprehensive. It allows me to track my employees progress without having to reach out and be too invasive. Excellent all around!

Stephen Carbaugh, StanCorp Equities, Inc. Portland, OR