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The Series 7 - General Securities Representative is a qualification exam administered by FINRA (Financial Industry Regulatory Authority) for individuals who want to become licensed general securities representatives. Passing this exam enables an individual to trade and sell a broad range of financial products, including stocks, bonds, mutual funds, options, and more. It is a key requirement for those seeking to work in the securities industry in roles involving customer interaction and the sale of investment products.
Certification in Series 7 means, an individual has met the regulatory requirements to perform general securities sales activities. It shows their knowledge of investment products, regulatory compliance, and ethical practices. This certification is essential for professionals looking to work with a broker-dealer or in financial advising roles, ensuring they are qualified to guide clients effectively in financial markets.
Why is Series 7 - General Securities Representative certification important?
Who should take the Series 7 - General Securities Representative Exam?
Series 7 - General Securities Representative Certification Course Outline
The course outline for Series 7 - General Securities Representative certification is as below -
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Yes, the exam is only available in English language.
FINRA certification contains 125 questions which need to be completed in 3 Hour and 45 minutes.
You will get 3 Hour and 45 minutes to complete the exam.
This exam will cost you $245 USD including the additional taxes.
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.
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%
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.
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.
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.
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.
Skillr gives you the option to take a free practice test with different and unique questions before purchasing the complete test.
At skillr 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.
Yes, you will be given access to the practice sets which will be available once you have registered for the course.
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.
Skillr 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.
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.