Dawn
Search results
The Series 7 exam — the General Securities Representative Qualification Examination (GS) — assesses the competency of an entry-level registered representative to perform their job as a general securities representative.
- Series 52
The Series 52 exam—the Municipal Securities Representative...
- Testing Accommodations Requests (Americans With Disabilities Act)
All testing sites are wheelchair accessible for persons with...
- Lep
or candidates who are taking the SIE and have enrolled for a...
- Take The Sie Practice Test
Test Your SIE Knowledge Get firsthand experience with a free...
- Permitted Activities and Other Facts About Qualification Exams
The following pages will be useful to registration managers...
- Qualification Exam FAQ
The following FAQ on FINRA.org pertain to Qualification...
- Schedule an Exam
the name of the exam or its identifying series ID (e.g.,...
- Register a New Candidate
Firms must register any person engaged in the securities...
- Series 52
- Overview
- Series 7 Requirements
- Series 7 Exam Structure
The Series 7 exam licenses the holder to sell all types of securities products except commodities and futures. Known formally as the General Securities Representative Qualification Examination, the Series 7 exam and its licensing is administered by the
Financial Industry Regulatory Authority (FINRA)
Stockbrokers in the United States need to
pass the Series 7 exam
to obtain a license to trade. The
focuses on investment risk, taxation, equity, and debt instruments; packaged securities, options, retirement plans, and interactions with clients for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry.
Since Oct. 1, 2018, Series 7 candidates are required to pass the
Securities Industry Essentials (SIE) exam
as well as the Series 7 exam in order to receive the General Securities registration. According to FINRA, the SIE is an introductory-level exam that "assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices." If you need more information on the SIE, FINRA's SIE exam content outline provides more details.
Candidates who want to take the Series 7 exam must be sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO) member firm. The member firm must file a Form U4 (Uniform Application for Securities Industry Registration or Transfer Form) for the candidate to be registered for the licensing exam. Non-FINRA members should use the Test Enrollment Services System (TESS) in order to register for the exam. FINRA governs the activities of securities firms and registered brokers, ensuring that anyone who sells securities products is qualified and tested.
Seeks Business for the Broker-Dealer from Customers and Potential Customers: 9 questions
Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives: 11 questions
Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets, and Maintains Appropriate Records: 91 questions
Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions: 14 questions
The Series 7 exam has 125 multiple choice questions, lasts 225 minutes, and cost $300. The passing score is 72%.
Prior to Oct. 1, 2018, the Series 7 exam contained 250 questions covering five major job functions. The exam duration was six hours, had no prerequisites, and cost $305. A score of 72% was required to pass.
- Julia Kagan
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. Average study time is between 80 and 150 hours depending on current financial knowledge.
Nov 28, 2023 · The Series 7 exam, also called the General Securities Representative Exam, is a regulatory licensing exam administered by FINRA to assess the competency of entry-level finance professionals involved in the selling, trading or dealing of securities.
Series 7 represents our biggest and brightest thinking yet. Watch the event. Compare display specs. Big screen. Huge impact. The challenge was to create a bigger display while barely expanding the dimensions of the watch itself.
Apr 12, 2024 · What is a Series 7 license? Known as the General Securities Registered Representative license, this license allows you to sell a broad range of securities.
Mar 26, 2008 · Individuals who want to enter the securities industry to sell any type of securities must take the Series 7 examination—formally known as the General Securities Representative Examination. Individuals who pass the Series 7 are eligible to register with all self-regulatory organizations to trade.
