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Exam Code: Series-7
Exam Name: General Securities Representative Qualification Examination (GS)
Updated: Jul 22, 2026
Q & A: 402 Questions and Answers
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The Series-7 exam is a challenging test that requires significant preparation. Candidates must study a variety of materials, including textbooks, online courses, and practice exams. They must also have a thorough understanding of the securities industry and the regulations that govern it. Passing the Series-7 exam is required for individuals who want to work as general securities representatives in the United States.
Reference: https://www.finra.org/registration-exams-ce/qualification-exams/series7
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FINRA Series-7 exam is a critical component of the financial services industry. Series-7 exam is designed to test the knowledge and skills of individuals who want to become general securities representatives. Series-7 exam is administered by the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization that oversees the securities industry in the United States.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 9% | - Customer information collection - Account documentation and regulatory compliance - Determining investment suitability - Types of accounts and ownership structures |
| Topic 2: Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions | 11% | - Recordkeeping and reporting requirements - Trade settlement and confirmation - Order types and execution procedures - Handling errors and discrepancies |
| Topic 3: Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records | 73% | - Characteristics of equity securities - Municipal securities - Direct participation programs - Portfolio analysis and risk management - Investment company securities and variable contracts - Debt securities and government obligations - Taxation and regulatory rules - Options and derivative products |
| Topic 4: Seeks Business for the Broker-Dealer from Customers and Potential Customers | 7% | - Prospecting and sales practices - Identification of potential customers - Regulatory requirements for communications with the public |
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