No, You Don't HAVE to Have a Securities License for Everything

Has it ever struck anybody besides me that it only takes a 70% score on a licensing exam to start legally dispensing financial advice?:err:

The old joke goes:
Q) What do you call a medical student who finishes at the bottom of his class?
A) Doctor
You have huge oversight from your broker/dealer which won't let you pick your nose without filling out a form.

I get what you're saying but disagree with the analogy.
 
You have huge oversight from your broker/dealer which won't let you pick your nose without filling out a form.

I get what you're saying but disagree with the analogy.
You’re right, of course. But I first had that thought 30 years ago right after I passed my series 6 exam. Still makes me chuckle!:laugh:
 
Has it ever struck anybody besides me that it only takes a 70% score on a licensing exam to start legally dispensing financial advice?:err:

The old joke goes:
Q) What do you call a medical student who finishes at the bottom of his class?
A) Doctor
"Well look Mr Smith, I realize that 70% of your investments are now worth $0, but I've made you 5% on the remaining funds.....so it's not a total loss"???
 

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