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
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
India: 3,89,603 INR
Who Should Apply for SERIES 7: General Securities Representative Exam?
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.
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.
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.
The Securities Industry Essentials (SIE) exam is a co-requisite to the Series 7 exam for earning the General Securities Representative registration.
For scheduling the exam, log on to Schedule an Exam.
Seeks Business for the Broker-Dealer from Customers and Potential Customers (9/125)
Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives (11/125)
Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets, and Maintains Appropriate Records (91/125)
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.