FINRA General Securities Representative Examination (GS) : Series7

Series7 real exams

Exam Code: Series7

Exam Name: General Securities Representative Examination (GS)

Updated: Aug 29, 2026

Q & A: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives11%- Customer accounts and documentation
  • 1. Customer identification requirements
  • 2. Account types and registrations
  • 3. Suitability and customer profile
Topic 2: Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Customer recommendations and transactions
  • 1. Portfolio and risk considerations
  • 2. Suitability and best interest obligations
  • 3. Asset transfers and record maintenance
- Investment products
  • 1. Investment companies and variable products
  • 2. Equity securities
  • 3. Municipal securities
  • 4. Options
  • 5. Direct participation programs
  • 6. Debt securities
  • 7. Government securities
Topic 3: Seeks Business for the Broker-Dealer from Customers and Potential Customers9%- Customer acquisition and prospecting
  • 1. Business development activities
  • 2. Communications with the public
Topic 4: Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions7%- Trade execution and settlement
  • 1. Books and records requirements
  • 2. Settlement and confirmations
  • 3. Order handling
  • 4. Trade processing

FINRA General Securities Representative Examination (GS) Sample Questions:

Question 1

The initial Federal Reserve Bank margin requirement is set at 60% and Bubba purchases 100 shares of
XYZ at $100 per share. He deposits $6,000 of the $10,000 purchase price in his account. If XYZ
increases in value to $150 per share, how much excess equity would Bubba have in his account?

A. $2,000
B. $3,000
C. $1,500
D. $1,000


Question 2

An investor purchasing a corporate bond regular way will have to pay the contracted price plus accrued
interest:

A. up to but not including the trade date
B. up to but not including the settlement date
C. up to and including the trade date
D. up to but including the settlement date


Question 3

Bubba Corporation has a registered public offering of 500,000 shares at $36. Of these, 300,000 shares
were authorized by unissued and 200,000 shares were sold on behalf of an affiliated person. What is
evident from this information?

A. both B and C
B. 300,000 shares are identified as a primary distribution
C. 60% of the proceeds are paid to the corporation and the balance accrues to the affiliated person
D. the entire proceeds of the offering are a primary offering accruing to the corporation


Question 4

A company earns $6 per share and pays out 20% in common stock dividends. What does the stock yield if
it sells at $30 per share?

A. 2.5%
B. 4%
C. 10%
D. 6%


Question 5

Which of the following statements about the custodian for an open-end mutual fund is correct?

A. the custodian performs all management, supervisory, or investment functions
B. the custodian may perform an essential clerical service for the fund and its shareholders
C. the custodian takes part in the sale of fund shares
D. the custodian affords protection against decline in value of fund shares


Solutions:

Question 1
Answer: A
Question 2
Answer: B
Question 3
Answer: A
Question 4
Answer: B
Question 5
Answer: B

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