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

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Scenario Tutor

Practice exam

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