The Series 7
The Series 7 Examination formally known as the General Securities Representative Examination is for people who want to become a stock broker or financial advisor in the securities industry. In order to employ with a registered broker dealer one may have to obtain the Series 7 license. Depending on which state you and or your future clients may reside in, the Series 63 license may also have to be obtained. Upon passing the Series 7, you will be eligible to sell securities products and register with all self regulatory organizations to trade on the behalf of others. The Financial Industry Regulatory Authority administers the Series 7 exam and you must pass the Series 7 prior to taking various principle exams offered through The Financial Industry Regulatory Authority. The Series 7 Exam has 250 multiple choice questions given in two parts of 125 questions each. Candidates have a total of 3 hours to complete each of the two parts of the exam. The test covers a broad range of investments including, investment company products, stocks, bonds, limited partnerships, options, open & closed-end funds. Prior to acting as an agent for retail investors, candidates must achieve a 70% to pass this comprehensive examination. Preparing for the exam is stressful and some firms only allow one chance to pass. So, you need all the help you can get and Series7Quiz.com© provides the tools you need. Our practice quizzes & SmartNotes© enhance your chance for achieving a passing score on your exam! When utilized with your study materials, Series7Quiz.com© is a better option!
| The Series 7 Examination Format | # Questions |
% Exam |
| Prospecting and qualifying potential customers | 9 |
4 |
| Evaluating customer needs and objectives | 4 |
2 |
| Providing customers with investment information and making suitable recommendations | 123 |
48 |
| Handling customer accounts and account records | 27 |
11 |
| Understanding and explaining the securities markets organization and participants to customers | 53 |
21 |
| Processing customer orders and transactions | 13 |
5 |
| Monitoring economic and financial events, performing customer portfolio analysis and making suitable recommendations | 21 |
8 |
*All information is not warranted as to completeness or accuracy and is subject to change without notice.
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