We welcome students, current registered representatives and anyone who is. Learn series 7 exam closed book with free interactive flashcards. This content outline provides a comprehensive guide to the topics covered on the general securities representative qualification examination series 7. Free series 7 video class training to help you pass your exam. The outline is comprised of the four major job functions of a general securities representative. The individual must be associated with a member firm to take the qualification exam. In the series 7, a lot of candidates are guilty of spending way too much time on the options and corporate bonds sectors. Because we understand your frustration, our series 7 manuals are written in plain english with shorter paragraphs and are focused on the finra series 7 exam content. If you can keep that thought in your mind, it will serve you well. The series 7 exam subreddit is a professional community of members focused on the passing of the finra series 7 exam. The following is finras breakdown of the series 7 exam.
Additionally, before or after taking the series 7 exam, you must pass the securities industry essentials exam in order to become a securities registered representative. The series 7 topoff examination is required for individuals who wish to sell all types of securities for finra member firms, and for finra general securities member firms. Kaplan financial educations securities licensing exam prep packages provide all the necessary tools to help you prepare, practice, and perform on the securities industry essentials sie exam and the general securities representative qualification series 7 examination. Series 7 top off what are some specificobscure topics. This video class details all of the concepts being tested and will let you know exactly how they are being tested on the exam.
Quick overview testtaking strategies introduction to the series 7 exam regulatory requirements. My first attempt scores were in the mid 70s on the closed book exams, and in the low 90s by the time i retook. The series 7 content outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The table below lists the allocation of exam items. When an investor buys a bond, its like getting an iou from the issuer. This prep guide wastes no time going through all of the topics. The new series 7 podcast exam audio lesson prep packages provide all the necessary tools to help you prepare, practice, and perform on the new series 7 top off exam, general. Package comes with the actual study material as well as 14 practice tests no notes and very minimal highlighting. I took the series 7 3 weeks ago and failed with a 68%, and i was using stc. Choose from 3 different sets of series 7 exam closed book flashcards on quizlet. The series 7 examination is required for individuals who wish to sell all types of securities for finra member firms, and for finra general securities member firms. Questions on all series 7 exam topics, including stocks, government securities, municipal and corporate bonds.
This is the first of two free series 7 practice exams. The sie replaces portions of every previous exam, including the series 6, series 7, series 22, series 5556 replaced by series 57, series 79, series 82, series 8687, and series 99. The series 7 is the most widely administered finra exam. The series 7 examination is the general securities representative qualification examination. The presie series 7 was a 6 hour, 250 multiplechoice question exam that covered general financial knowledge as well as productspecific knowledge. The securities industry essentials sie exam content outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required.
Our series 7 online examcenter gives you the ability to test your knowledge at multiple levels to gauge your knowledge level, identify areas needing improvement, and give you confidence you are prepared. Our software features a simulation of the proctor exam. Our series 7 courses will prepare you for your exam. Some exams have additional unscored pretest questions. In finras october 1, 2018, exam restructuring, the legacy series 7 exam was effectively split into two new tests. Series 7 is a finra exam required for individuals who may sell a broad range of. Sie and series 7 exam prep classes and study materials. Looking for series 7 securities exam prep practice. Download a candidates complete guide to the new sie exam now to learn more about the new proposed licensing process and sie exam content. The examination is developed and maintained by the financial industry regulatory authority finra.
A complete guide to the securities industry essentials. In finras october 2018 exam restructuring, the legacy series 7 exam aka the general securities representative exam was effectively split into two new tests. While the series 7 exam for dummies book doesnt cover all of the material it covers the basics. Candidates have to score at least 72 percent to pass. Why you wont pass the series 7 exam wyzant resources. The new series 7 tests knowledge relevant to the daytoday activities, responsibilities, and job functions of general securities representatives. The table below lists the allocation of exam items for each major job function.
The sie exam and the series 7 exam are corequisite exams. From series 7 exam for dummies, 4th edition with online practice. The series 7 exam is harder than you want it to be but easier than you think itll be. Put your time to good use by taking a look at the following articles so you can be ready before the exam. Our videos follow our books chapter by chapter and topic by topic. Because we understand your frustration, our series 7 manuals are written in plain english with shorter paragraphs and are focused on the finra series 7 exam. The new series 7 exam series 7 changes since sie launch. The advice most of my students get is just take a lot of questions,dont read the book that is a sure way to fail,yes there are some people who can just take a lot of questions and game the exam. The financial industry regulatory authority, or finra, administers the series 7 exam, which consists of questions from several different categories. This practice test features 50 challenging questions that cover a wide variety of the topics that you will need to know for your exam. Series 766 exam details kaplan financial education. Series 7 exam free series 7 exam certification help. When you are in a position where you job is contingent on passing, i highly. Candidates must also pass the sie exam to be registered with the series 7.
You wont pass the exam because you are listening to people who took the exam 5,6 or even 20 years ago. The most important debt security that you will need to know about for the series 7 exam is the bond. Each question includes a detailed explanation of the correct answer. They are in great condition but they take up space on my book. The duration column below is the amount of time permitted to complete each exam. The sie exam is a corequisite with the series 6, 7, 57, 82, and 99 exams. The financial industry regulatory authority finra puts out the series 7 exam. Exam appointment times include an additional 30 minutes for taking the tutorial and completing the post exam survey. He would need to pass the revised general securities representative series 7 exam but would not have to take the sie because november 1, 2018, is within four years of the date of his last registration. Our series 7 training course covers all of the topics that are needed to pass the series 7 exam. Major job functions number of questions seeks business for the brokerdealer through customers and potential customers 68 evaluates customers other security holdings, financial. The series 7 topoff course textbook and final exam book have over 850 pages combined and were developed by empire stockbroker training institute. To reduce your frustration in obtaining your series 7 license, we try to make sure each sample question in our pass the 7. Quick overview testtaking strategies introduction to the series 7 exam.
This series 7 exam study guide uses plain english and concise explanations as it ticks off the items mentioned on the finra series 7 exam outline pointbypoint. Series 7 exam, officially the general securities representative exam, the most comprehensive financial securities exam offered by the finra. Sometimes the company credit card isnt enough, so corporations will raise money by issuing debt securities. Series 7 flashcards the official threehour and fortyfiveminute test, one hundred and thirtyfive questions which includes ten example questions, is designed to validate and assure that each sponsored candidate can perform all the basic requirements and functions of a registered representative. Detailed, stepbystep answers and explanations for every question. Training consultants series 7 topoff exam training. For me, the stakes were very high pass the series 7 exam on the first attempt or lose my new wall street job in nyc. The series 7 exam is the nasd finra license for general securities representative. The member firm sponsors the individual to take an exam, such as the general securities representative series 7 exam. If you buy this book along with the series 7 flashcards and watch the youtube videos you should have no problem passing the 7. Kaplans top priorities are the health and safety of employees, students, customers, and the community. We offer a variety of instruction options and exam.
Series 7 top off general securities representative. The series 7 exam covers topics on investment risk, taxation, equity and debt instruments, packaged securities, options, and retirement plans. Are the questions on the sie exam different from those on the series 7 topoff exam. Taking the series 7 exam, whether for the first time or the fourteenth, is a huge challenge and requires many hours of preparation.
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