Series 7 Exam License Training

Registered Representative

kapseries7.jpg

Study Package


The FINRA ® Series 7 is the General Securities Representative Qualification Exam is required of individuals soliciting the purchase or sale of corporate, municipal and U.S. government securities, options, direct participation programs, investment company products, and variable contracts.

Prerequisites: None

Exam Format: 250 multiple-choice questions (with 10 additional experimental questions)

Exam Duration: 3 hours for each part

Part 1: 125 questions (with 5 additional experimental questions)

Part 2: 125 questions (with 5 additional experimental questions)

Outline of Topics Covered:

  • Seeks business for the broker-dealer through customers and potential customers

  • Evaluates customers' other security holdings, financial situation and needs, financial status, tax status, and investment objectives

  • Open accounts, transfer assets, and maintains appropriate account records

  • Provides customers with information on investments and makes suitable recommendations

  • Obtains and maintains customer's purchase and sales instructions, enters orders, and follows up