Series 7 exam
In the United States, the Series 7 exam, also known as the General Securities Representative Exam (GSRE), is a test for entry-level registered representatives, to buy or sell security products such as corporate securities, municipal securities, options, direct participation programs, investment company products and variable contracts. The Series 7 is administered by Financial Industry Regulatory Authority (FINRA), an industry regulatory agency.
The Series 7 is a three hour and forty five minute exam. It is held in one four-hour session. There are 125 questions on the test. Candidates have to score at least 72 percent to pass and must also have passed the SIE exam to qualify for a seat in the exam room. The SIE Exam and the Series 7 Exam are co-requisite exams. 
The Series 7 exam tests candidates on four functions.
|Test Breakdown by Function||Number of Questions||Percentage of Test Questions|
|(F1) Seeks Business for the Broker-Dealer through Customers and Potential Customers||9||7%|
|(F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives||11||9%|
|(F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records||91||73%|
|(F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions||14||11%|
As of October 1, 2018, the registration cost is $245.
- List of securities examinations
- Investment Company Products/Variable Life Contracts Representative Exam (Series 6)
- Uniform Securities Agent State Law Examination (Series 63)
- General Securities Principal Exam (Series 24)
- U.S. Securities and Exchange Commission
- Securities Industry Essentials Exam
|Wikibooks has a book on the topic of: NASD Series License|
|Wikibooks has more on the topic of: Series 7 exam|