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SERIES 7: General Securities Representative Exam


Certification Industry: IT Infrastructure

Certificate Name: SERIES 7: General Securities Representative Exam

Certificate Issuing Authority:

Certification Price: $245

Certificate Validity: one is terminated or leaves a firm and does not find employment within two years at another FINRA-me

Certification Details:

The Series 7 Exam: General Securities Representative Qualification Examination is designed for an entry-level representative to work as a general securities representative. A Series 7 certified professional is qualified for the solicitation, sale/purchase of all securities products, including corporate securities, municipal fund securities, options, direct participation programs, investment company products, and variable contracts.


Average Salary Range

USA: $62,828 

(General Securities Representative - (FINRA Series 7) Salary)


India: 3,89,603 INR

(General Securities Representative - (FINRA Series 7) Salary in India)


Who Should Apply?

The Series 7 exam measures the degree of competency possessed by each candidate to perform the intricate functions of a general securities representative. In order to apply for the exam, they must be associated with and sponsored by a FINRA member firm or other applicable Self-Regulatory Organisation (SRO) member firm. 


Benefits

  1. Enhanced Knowledge:

The Series 7 License is a requirement for an entry-level broker. It covers an extensive range of financial terms and topics. The exam features essential skills covering securities regulations.

  1. Acts as a Prerequisite:

Earning a Series 7 License ensures that the eligibility requirements for a number of exams are fulfilled such as the Series 24, which allows the candidate to manage and monitor branch activities.


Exam Details

The Securities Industry Essentials (SIE) exam is a co-requisite to the Series 7 exam for earning the General Securities Representative registration.


Number of questions: 125 multiple-choice questions

Exam Time: 3 hour 45 minutes

Passing Score: 72


For scheduling the exam, log on to Schedule an Exam.


Exam Fee

$245


Examination Topics

  1. Seeks Business for the Broker-Dealer from Customers and Potential Customers (9/125)

  2. Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives (11/125)

  3.  Provides Customers with Information about Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records (91/125)

  4. Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions (14/125)


Time Taken To Prepare For The Exam

It takes about 80-100 hours to study for the FINRA Series 7 Exam.


For more details, log on to Series 6 -- General Securities Representative Exam.




Exam Details:

Exam Details

Series 7 – General Securities  Representative Exam3 hours and 45 minutes125 Questions