Series 7 - General Securities Representative
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?
- Practices and sharpens your skills and knowledge to clear the Series 7 Exam
- Attests to your knowledge of investment products.
- Increases your credibility and trust with clients and employers.
- Validates your comprehensive knowledge of securities and financial markets.
- Opens your career opportunities in securities trading, financial advising, and investment banking.
- Shows your understanding of regulatory compliance and ethical standards.
- Builds a foundation for advanced certifications like Series 24 or Series 63.
- Ensures your compliance with FINRA and SEC requirements.
Who should take the Series 7 - General Securities Representative Exam?
- General Securities Representatives
- Financial Advisors
- Stockbrokers
- Investment Bankers
- Equity Traders
- Options Specialists
- Wealth Managers
- Portfolio Managers
- Financial Consultants
- Compliance Officers (in roles requiring trading knowledge)
Series 7 - General Securities Representative Certification Course Outline
The course outline for Series 7 - General Securities Representative certification is as below -
- Regulatory Framework
- Investment Products
- Customer Accounts
- Investment Strategies
- Market Dynamics
- Taxation and Financial Planning
- Ethics and Professional Conduct
- Economic Factors and Markets
- Risk Management
Certificate in Series 7 - General Securities Representative FAQs
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.
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 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.
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%
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.
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.
Do skillr 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.
How skillr will help in preparations for FINRA Series 7 exam certification exam than any other websites?
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.
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 can I pass the FINRA Series 7 exam in my first attempt?
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.
Other than mock exams & questions, is there any further assistance I can get from skillr ?
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.
Can I have access to practice sets even after the training is over at skillr ?
Yes, you will be given access to the practice sets which will be available once you have registered for the course.
Can I try the free exam before purchasing the whole practice test?
Skillr gives you the option to take a free practice test with different and unique questions before purchasing the complete test.