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The Series-7 exam consists of 125 multiple-choice questions, which must be completed within a time limit of three hours and 45 minutes. Candidates must achieve a passing score of 72% or higher to be awarded the certification. Series-7 exam is computer-based and is administered at testing centers across the United States.

Reference: https://www.finra.org/registration-exams-ce/qualification-exams/series7

The Financial Industry Regulatory Authority (FINRA) Series-7 (General Securities Representative Qualification Examination (GS)) Certification Exam is the most comprehensive exam for individuals who want to become registered representatives in the securities industry. Passing the Series-7 exam is a requirement for individuals who want to sell securities products such as stocks, bonds, and mutual funds to the public. Series-7 exam is designed to test the knowledge and skills of individuals in a variety of areas related to the securities industry.

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FINRA Series-7 (General Securities Representative Qualification Examination (GS)) Certification Exam is an essential requirement for individuals seeking a career in the securities industry. It is a comprehensive and challenging test that evaluates the candidate's knowledge of the industry, including ethical and legal practices. Achieving certification demonstrates a high level of competence and expertise, making it a valuable asset for career advancement in the field of finance.

FINRA Series-7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions11%- Recordkeeping and reporting requirements
- Trade settlement and confirmation
- Handling errors and discrepancies
- Order types and execution procedures
Topic 2: Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Characteristics of equity securities
- Portfolio analysis and risk management
- Direct participation programs
- Taxation and regulatory rules
- Municipal securities
- Options and derivative products
- Debt securities and government obligations
- Investment company securities and variable contracts
Topic 3: Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives9%- Account documentation and regulatory compliance
- Determining investment suitability
- Types of accounts and ownership structures
- Customer information collection
Topic 4: Seeks Business for the Broker-Dealer from Customers and Potential Customers7%- Regulatory requirements for communications with the public
- Prospecting and sales practices
- Identification of potential customers
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