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FINRA Series-7 Exam Overview:
| Certification Vendor: | FINRA |
| Exam Name: | General Securities Representative Qualification Examination |
| Exam Number: | Series 7 (GS) |
| Exam Duration: | 225 minutes |
| Exam Format: | Multiple Choice, Computer-Based Exam |
| Passing Score: | 72% |
| Real Exam Qty: | 125 scored questions (plus unscored pretest items) |
| Available Languages: | English |
| Exam Price: | $300 USD |
| Related Certifications: | Securities Industry Essentials (SIE) |
| Certificate Validity Period: | Indefinite (registration maintained through FINRA membership and continuing education requirements) |
| Recommended Training: | STC USA Securities Training Kaplan Securities Licensing Training |
| Exam Registration: | FINRA Series 7 Exam Registration |
| Sample Questions: | FINRA Series-7 Sample Questions |
| Exam Way: | Computer-based testing at authorized testing centers (e.g., Prometric) |
| Pre Condition: | No formal prerequisite, but passing the Securities Industry Essentials (SIE) exam is strongly recommended or required prior to Series 7 registration. |
| Official Syllabus URL: | https://www.finra.org/registration-exams-ce/qualification-exams/series-7 |
How much FINRA Series 7 Certification Exam cost
The Series 7 exam is officially known as the general exam of securities representatives. It is a highly regulated exam that must be taken in an official test center. The cost to take the test is at least $ 265, with some areas in charge a little more.
FINRA Series-7 Exam Syllabus Topics:
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Reference: https://www.finra.org/registration-exams-ce/qualification-exams/series7
How to Prepare For FINRA Series 7 Certification Exam
Preparation Guide for FINRA Series 7 Certification Exam
FINRA Series 7 Certification: Tips to survive if you don't have time to read all the page
The 7 Series review authorizes the holder to sell all types of products in securities, with the exception of commodities and futures. Officially known as the General Qualifying Examination for Securities Representatives, the Series 7 exam and its accreditation are managed by the Financial Sector Regulatory Authority (FINRA).
In the United States, stockbrokers must pass the Series 7 exam to obtain a commercial license. The 7 Series review focuses on investment risk, taxation, securities, and debt securities; securities, options, pension plans, and customer interactions.
In 2019, FINRA launched a distribution on 1 October 2018. of potential securities professionals. This introductory exam assesses a candidate's knowledge of basic information in the securities sector, including basic concepts for working in the sector
The purpose of the Series 7 license is to define a level of competence for a registered representative or securities dealer working in the securities sector. The 7 Series license is an essential requirement for a novice broker. The licensing exam covers a wide range of financial conditions and matters as well as the regulation of securities.
Candidates who pass the Series 7 exam can negotiate many securities, such as shares, mutual funds, options, municipal securities and variable contracts. The Series 7 license does not cover the sale of real estate or life insurance products. In addition to obtaining the Series 7 license, many states require registered representatives to take the Series 63 exam, also known as the state uniform agent law exam.
By Emma
