Series 7 – General Securities Representative
Series 7 – General Securities Representative
Series 7 – General Securities Representative
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. The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a general securities representative, including sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options and government securities.
Who should take the exam?
The Series 7 General Securities Representative Exam is considered an “entry-level examination” and serves as a prerequisite for many of the subsequent FINRA exams. Those who succeed in passing the exam become qualified to purchase and/or sell various kinds of securities, including corporate bonds and stocks, investment company products and municipal fund securities. The exam takes six hours to complete (with a break in the middle) and consists of 250 multiple-choice questions.
Course Outline
The important topics covered in this exam are:
- Seeks Business for the Broker-Dealer from Customers and Potential Customers 7%
- Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9%
- Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73%
- Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions 11%
Enhance your skills and get ready to qualify Series 7 – General Securities Representative exam with hundreds of practice exam. Try Free Test Now!
Exam Format and Information
Exam Name FINRA General Securities Representative | Exam Code Series 7 |
| Exam Duration 3 hour 45 mins | Exam Format Multiple Choice |
| Exam Type Professional | Number of Questions 125 Questions |
| Eligibility/Prerequisite NIL | Exam Fee $245 USD |
| Exam Language English | Pass Score 72 |
Series 7 – General Securities Representative FAQs
Is the FINRA Series 7 exam good?
The Series 7 General Securities Representative Exam is considered an “entry-level examination” and serves as a prerequisite for many of the subsequent FINRA exams.
Am I required to take an exam in English?
Yes, the exam is only available in English language.
How many questions will there be on the exam?
FINRA certification contains 125 questions which need to be completed in 3 Hour and 45 minutes.
What are the main areas to cover in the FINRA Series 7 exam?
In this exam the main highlighted areas are:
• Seeks Business for the Broker-Dealer from Customers and Potential Customers 7%
• Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9%
• Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73%
• Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions 11%
What are the skills required for the FINRA Series 7 exam?
These exams cover a broad range of subjects on the markets and the securities industry and its regulatory structure. This includes knowledge of FINRA rules and also the rules of other self-regulatory organizations (SROs). The purpose of the exams is to ensure that an individual acquires a minimum level of understanding and expertise.
Who are the intended audience for the FINRA Series 7 exam?
The Series 7 General Securities Representative Exam is considered an “entry-level examination” and serves as a prerequisite for many of the subsequent FINRA exams. Those who succeed in passing the exam become qualified to purchase and/or sell various kinds of securities, including corporate bonds and stocks, investment company products and municipal fund securities. The exam takes six hours to complete (with a break in the middle) and consists of 250 multiple choice questions.
What is the FINRA Series 7 exam?
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.
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a general securities representative, including sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options and government securities.
How much does the FINRA Series 7 exam cost?
This exam will cost you $245 USD including the additional taxes.
How much time will be given to complete the FINRA Series 7 exam?
You will get 3 Hour and 45 minutes to complete the exam.
Can I try the free exam before purchasing the whole practice test?
Testpreptraining gives you the option to take a free practice test with different and unique questions before purchasing the complete test.
Can I have access to practice sets even after the training is over at Testpreptraining?
Yes, you will be given access to the practice sets which will be available once you have registered for the course.
How can I pass the FINRA Series 7 exam in my first attempt?
Testpreptraining training course is designed to give you all of the skill-sets necessary to successfully complete the required projects and help you pass FINRA Series 7 exam in your first attempt.
Other than mock exams & questions, is there any further assistance I can get from TestprepTraining?
You will get full assistance in any query related to the FINRA Series 7 exam when you prepare with our test series. There is a team of experts who will handle your query.
If I need to cancel my enrollment, can I get a refund?
Yes, you can cancel your enrollment if necessary. We will refund the course price after deducting an administration fee. For more information regarding this you can contact us at our Helpdesk.
How Testpreptraining will help in preparations for FINRA Series 7 exam certification exam than any other websites?
At Testpreptraining you will get a Unique set of questions shuffled with different levels which will help you check your skills and weak areas. Doing these questions will increase your knowledge to score better in the exam.
Do TestprepTraining provide any preparation guidance for this certification exam?
Yes you will be provided with full assistance with our team of experts, who keeps on updating the tips and tricks regarding the exam on our blog.