SIE: Active Military Service

Active Military Service

If a registered person enters active military service, that person will be placed on inactive status upon notification to FINRA. That person may no longer perform her normal duties but will remain registered for FINRA purposes. The firm may allow that person to retain a share in the commissions from her former accounts.

Moreover, FINRA provides registration and licensing relief to FINRA-registered persons who volunteer or are called into active military duty. Once the person is placed on inactive status, the continuing education requirements will be suspended. In addition, the two-year license expiration period will be tolled (delayed) beginning on the date the person enters active military service and will end 90 days after its completion