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The Series 7 exam ensures a baseline level of proficiency for individuals starting their careers in the financial industry. It is particularly important for newly hired personnel who may lack prior exposure to finance-related subjects during their university education. Passing the Series 7 exam is
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The corequisite is the
Securities Industry Essentials (SIE) exam, a change FINRA enacted in 2018. In October 2018, the 250-question Series 7 exam was replaced by the current top-off exam that is now taken in conjunction with the SIE exam. (A correlative change was made to the Series 6 exam.). In
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A candidate who passes the Series 7 exam is qualified for the solicitation, purchase and/or sale of all securities products, including corporate securities, municipal fund securities, options, direct participation programs, investment company products and variable contracts.
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The Series 7 is a three-hour, forty-five-minute exam. It is held in one four-hour session. There are 125 questions on the test. Candidates have to score at least 72% to pass. The SIE Exam and the Series 7 Exam are co-requisite exams.
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186:(F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records
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197:(F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions
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often a requirement for other FINRA exams, including those related to options trading and managerial roles.
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175:(F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives
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order to take the exam, an individual must be sponsored by a member firm of either FINRA or a
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Average study time is between 80 and 150 hours depending on current financial knowledge.
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public offerings and/or private placements of corporate securities (stocks and bonds),
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164:(F1) Seeks Business for the Broker-Dealer through Customers and Potential Customers
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486:"7 Strategies for Passing the Series 7 FINRA Qualifications Exam"
129:(SRO). Employers will sponsor candidates as part of employment.
383:"Series 7 – General Securities Representative Exam | FINRA.org"
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repos and certificates of accrual on government securities,
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options, options strategies and mortgage-backed securities,
446:"Frequently Asked Questions About the FINRA Series 7 Exam"
328:
Hicks and
Stalter, Coryanne and Kate (19 August 2021).
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American standardized test for entry-level stockbrokers
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The Series 7 exam tests candidates on four functions.
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As of June 24, 2023, the registration cost is $ 300.
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544:FINRA Registration and Examination Requirements
407:"FINRA Administered Qualification Examinations"
367:: CS1 maint: multiple names: authors list (
330:"An Advisor's Guide to the Series 7 License"
67:Covered activities and products include:
51:(FINRA), an industry regulatory agency.
569:Standardized tests in the United States
539:Financial Industry Regulatory Authority
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259:U.S. Securities and Exchange Commission
247:Uniform Securities Agent State Law Exam
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49:Financial Industry Regulatory Authority
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92:real estate investment trusts (REITs),
29:General Securities Representative Exam
564:Professional certification in finance
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132:There is no education requirement.
549:Securities Industry Essentials Exam
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512:"Qualification Exams | FINRA.org"
253:General Securities Principal Exam
110:sale of municipal securities and
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472:"SIE Exam |SIE Exam Tutor"
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237:List of securities examinations
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104:direct participation programs,
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159:Percentage of Test Questions
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574:United States securities law
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127:self-regulatory organization
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153:Test Breakdown by Function
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490:Kaplan Financial Education
450:Kaplan Financial Education
37:registered representatives
343:CPA, Sam Swenson, CFA.
428:"Form U10 | FINRA.org"
305:"Series 7 Examination"
284:"Series 7 Examination"
98:government securities,
156:Number of Questions
59:Permitted activities
45:municipal securities
41:corporate securities
27:, also known as the
345:"What Is Series 7?"
83:money market funds,
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255:(Series 24)
249:(Series 63)
120:Eligibility
114:hedge funds
558:Categories
521:2023-06-24
413:2015-03-18
392:2023-06-25
354:2023-06-25
314:2023-06-25
290:2015-03-16
265:References
136:Structure
77:warrants,
363:cite web
231:See also
496:24 June
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409:. FINRA
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19:In the
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209:TOTAL
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213:125
203:11%
192:73%
33:GSRE
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189:91
181:9%
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.