Where can I find the sec or nasd reg stating that a license is req to trade stocks for othres?

There is a friend of mine to be precise convinced that you do not entail at most minuscule a series 7 license to trade stocks for other society. I enjoy be trying to find the regulation on the SEC and NASD websites but am have a tough time locating it.

So the put somebody through the mill is, can you trade stocks for population save for yourself short the 7? If not, what is the intermingle on any the sec or nasd websites explaining it.

Thanks for your back!!

Answers:
read this article

http://www.princetonreview.com/cte/profi...

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