FINRA
Series 7
FINRA Series 7 — General Securities Representative Examination
The qualification exam to register as a General Securities Representative — required to solicit and trade nearly the full range of securities products for customers of a FINRA member firm.
What's on the exam
FINRA Series 7 Content Outline (4 job functions)
F1: Seeks Business for the Broker-Dealer
~7% (9 questions)Public communications and advertising standards · Prospecting customers and leads · Networking and referrals · Product promotion rules
F2: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile
~9% (11 questions)Account types and registrations · Customer investment profile and objectives · New account documentation and disclosures · Margin account requirements · Know-your-customer obligations
F3: Provides Customers with Information, Makes Suitable Recommendations, Transfers Assets and Maintains Records
~73% (91 questions)Equity securities · Debt securities and municipal bonds · Options and option strategies · Packaged products (mutual funds, ETFs, annuities) · Suitability and recommendations · Taxation and retirement plans
F4: Obtains and Verifies Customers' Purchase and Sales Instructions; Processes, Completes and Confirms Transactions
~11% (14 questions)Order types and execution · Trade settlement · Confirmations and account statements · Resolving errors, discrepancies and complaints
Program in development
We're building a blueprint-complete program for this exam. Meanwhile, explore live programs across 6 exam.
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