Series 56 Exam deadline has extended for certain traders
Please be advised that the CBOE has extended the deadline to pass the Series 56 qualification examination for certain individuals.
Individuals who have taken the Series 56 exam prior to November 5, 2011 and failed will have an additional 30 days to take the examination. Consequently, a trader may remain an active trader, even if he/she failed the Series 56 exam, if they have not already passed 60 days since they failed the examination. For instance, someone who failed the Series 56 examination on September 11, 2011 will be eligible to remain an active trader until 60 days after that date or November 11, 2011. This is an extension for certain traders who have failed the exam only. Individuals who have not yet taken the Series 56 and remained unapproved in the Proprietary Trader registration category are not eligible for the extension. Obviously, this provides certain traders with another opportunity to take the exam during this additional window and remain an active trader. The CBOE indicated that they will announce any additional changes to the deadline or eligibility requirement.
