The Series 7 exam consists of 135 questions over 3 hours and 45 minutes.

The Series 7 exam, also known as the General Securities Representative Exam (GSRE), is a test for entry-level registered representatives. Investors may purchase the right to buy or sell the underlying asset at a later date for a predetermined price..

Final Exams Flashcards To be eligible to earn that license, you need to have passed the Securities Industry Essentials (SIE) exam (either before or after the Series 7 exam) and secured sponsorship from a member firm or self-regulatory agency (SRO) that has also registered you with FINRA. The Financial Industry Regulatory Authority (FINRA) acts as a self-regulatory organization for securities firms operating in the United States. In addition, a PDF version of the study manual is also included and can be downloaded through our online learning portal. All of them offer a self study Series 7 program with some combination of videos, printed materials, practice exams and question banks and all fall roughly in the $300-$500 ballpark depending on how many bells and whistles you want.
Passing the FINRA Series 7 licensing exam is the next step in launching your career in the securities industry and for individuals who sell a broad range of securities. The newly formatted exam will focus on the nature of various securities and financial instruments such as equities, bonds, options and municipal securities. 24/7 Tech Support Most web sources say the Series 7 pass rate is 65% (FINRA doesn’t release the pass rates), but in a recent Kaplan survey of Kaplan Series 7 students, 85% reported passing the Series 7 qualification exam. Crunch Time Facts If you prefer to purchase a course individually, please select from the options below. That said, the feedback is mixed and similar to my SIE Exam difficulty discussion, the degree of difficulty for the new top-off exam is quite dependent on the student’s background. Crunch Time Facts

If you don't, you wont. The study tips provided were very helpful as well. The US Securities and Exchange Commission, or SEC, is an independent agency of the US federal government that is responsible for implementing federal securities laws and proposing securities rules. Many many f-bombs. Enrollment Valid for 6 months In reality, test takers should spend close to 100 hours, of which at least 20-30 hours should be dedicated to practice exams and questions. Green Light Exams 24/7 Tech Support STC Pass Guarantee When I was studying for my Series 7, my boss told me if I get above a 90%, it means I studied too long and wasted time that should've been spent on productive work. Free Course Updates For more information on registration requirements, refer to FINRA Rule 1210. Final Exams

The topic breakdown is based on the chapters in the study manual. Purchasing the Series 7 Practice test a month or two ahead of your scheduled test, and diligently studying daily, will greatly increase your test results.

If you want to be qualified to structure municipal securities underwritings or perform activities involving municipal securities that are beyond the scope of selling municipal securities to and purchasing municipal securities from customers, you will have to take and pass the Municipal Securities Representative (Series 52) Exam.

As part of ongoing requirements to maintain the CPA designation, Join 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari, Certified Banking & Credit Analyst (CBCA)™, Capital Markets & Securities Analyst (CMSA)™, certified financial analyst training program, Financial Modeling & Valuation Analyst (FMVA)®. 24/7 Tech Support Printed Study Manuals In the United States, financial professionals are required to take and pass the exam to obtain a license to trade security products, such as corporate securities, municipal fund securitiesMunicipal BondA municipal bond refers to a bond or fixed income security that is issued by a government municipality, township, or state to finance its governmental, investment company products, etc. The knowledge of regulatory requirements when dealing with the public and the ongoing education of registered representatives. However, we strongly recommend that you begin by taking each exam with the explanations appearing after your answer is selected. Progress Exams The Series 7 exam consists of 125 multiple-choice questions and takes 225 minutes.

Registering on or after October 1, 2018, the exam will be significantly shorter: 3 hours and 45 minutes with 125 multiple choice questions.

The Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. Optimized for all recent browser versions.

The second style of question is the Open-Stem, which is an incomplete sentence with the answer choices completing the sentence. These examinations will assist you in applying the concepts that you learned in the study manual to questions which are posed in the same multiple-choice format used in the actual examination. bvseo-msg: HTTP status code of 404 was returned. Kaplan Financial Education's securities licensing exam prep packages provide all the necessary tools to help you prepare, practice, and perform on the FINRA ® Series 7 Exam, General Securities Representative Examination (GS).We offer a variety of instruction options and exam prep study tools to best suit your learning style and schedule. The Series 7 Exam is a way for FINRA to ensure that the registered representative is knowledgeable in the market and can navigate their clients through the highs and lows of stock market fluctuations. Thank you so much for this learning opportunity. All the test prep providers below provide these). We strongly recommend including a Series 7 preparation package as part of your plan. Financial Industry Regulatory Authority (FINRA). You must either, determine the correct sequence of events of all the choices in one format, or select two or more choices that are both, or all, correct in the second format.

Knowledge of how the primary and secondary markets work on all the different types of investments. This is why the Series 7 Practice Test is such an important tool for succeeding. The pre-Oct. 1, 2018 Series 7 exam is 250 questions and 6 hours long. When a registered representative contacts a potential client via in person, email, phone, mail, there are certain rules and regulations that must be met. Crunch Time Facts Exam Details: 85 Hours Prep Time │ 3.75-Hour Exam │ 125 Questions │ 72% Min. Below I will walk you through the Series 7 Top-Off Exam’s difficulty level.This new exam was first offered in October 2018, and student feedback abounds. That’s because most of us are conditioned to skim through information to find the one little nugget we are looking for as we simultaneously worry about how much time we have. Series 7 Recorded Live Virtual Class, Access to Instructor Hotline Thirdly, is the Most/Least/Best question, which will ask a question that requires you to choose the best answer possible from the choices given. An easy-to-understand twenty chapter print self-study manual based upon the FINRA Top-Off content outline. This includes proper disclosure and delivery of disclosures for multiple investment securities and the requirements that must be followed. The rules on accepting certain forms of gifts or gratuities, non-cash compensation, referrals, government contributions and business entertainment. The Series 7 exam does not cover real estate properties or insurance products. The outline is comprised of the four major job functions of a general securities representative. The minimum passing score is 72%, and the pass rate is around 65%. Instead, the newly formatted exam will focus on the nature of various securities and financial instruments such as equities, bonds, options and municipal securities.

More than 400 Flashcards can be organized by course, chapter or FINRA exam sections; this study tool will allow you to test yourself, whenever, wherever you have internet access.
certification program for those looking to take their careers to the next level. The Series 7 content outline goes into more detail on each topic and compares the old Series 7 with the new Series 7. This program utilizes four performance measurements which are delivered online through my.STCInteractive. You need to spend 80-100 hours studying for the FINRA Series 7 exam if you have a finance background and about 150 if you don’t. Printed Study Manuals In addition to the Progress Exam product, two Greenlight Exams are included. (11 questions- 9%), Providing customers with information about investments making suitable recommendation, transferring assets and maintaining appropriate records. Progress Exams Series 7 Q & A Sessions Get instant access to video lessons taught by experienced investment bankers. You will either be provided with specific study materials by your employer, or you'll have to seek out your own Series 7 exam prep materials. (We find the layout of FINRA's content outline somewhat non-accessible, but study materials from Series 7 exam prep providers (which we list below) reorganize the topic outlines in a far more straightforward and digestible way.). Final Exams We put all of their advice into a value-packed eBook.