FINRA · License Prep

Series 7

General Securities Representative

The gateway license to sell virtually every type of security: equities, bonds, options, mutual funds, municipal securities, and direct participation programs.

Questions

125

Time limit

225 min

Pass score

72%

State fee

$300

Topics covered

Seeks business for the broker-dealer
Customer prospecting, communications, suitability standards, Reg BI.
Opens accounts after obtaining essential customer info
KYC, account types, joint/UTMA/trust accounts, options approval.
Provides info, makes recommendations, transfers assets
Product knowledge: equities, debt, options, packaged products, municipals, DPPs.
Obtains and verifies customer instructions
Order tickets, trade reporting, settlement (T+1), confirmations.

Lessons

Lessons unlock with an active SWA Learner or Advisor subscription.

See plans

Practice exam

Practice exams are included with any SWA subscription. View plans.

Practice exams are study aids only — they are not regulatory credit. FINRA CE Sponsor and NASBA accreditation pending.