What is the duration, language, and format of FINRA Series 7 Certification Exam
- Language: FINRA Series 7 offered in English (U.S.), Chinese (Simplified), Czech, Dutch, French, German, Hebrew, Italian, Japanese, Korean, Polish, Portuguese (Brazil), Russian, Spanish, and Turkish.
- Number of Questions: 125
- Passing score: 72%
- Format: Multiple choices, multiple answers
- Length of Examination: 225 minutes
Reference: https://www.finra.org/registration-exams-ce/qualification-exams/series7
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Introduction to FINRA Series 7 Certification Exam
The Series 7 exam, the General Qualification Representatives Exam (GS) exam, assesses the competence of a registered representative at entry-level to exercise its function as the general representative of qualifications.
The exam measures the extent to which each candidate has the knowledge necessary to perform the essential functions of a general securities representative, including sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options, and government bonds.
Applicants must successfully complete the Securities Industry Essentials (SIE) and Series 7 exams to obtain registration from the Financial Representative General.
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FINRA Series 7 Certified Professional Salary
The average Salary of a Series 7 Certified Professional Salary in
- United States: 90,000+ USD
- Europe: 35,864 Euro
- India: 12,00,000 INR
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FINRA Series-7 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions | 11% | - Trade settlement and confirmation - Order types and execution procedures - Recordkeeping and reporting requirements - Handling errors and discrepancies |
| Seeks Business for the Broker-Dealer from Customers and Potential Customers | 7% | - Prospecting and sales practices - Identification of potential customers - Regulatory requirements for communications with the public |
| Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records | 73% | - Municipal securities - Options and derivative products - Portfolio analysis and risk management - Taxation and regulatory rules - Characteristics of equity securities - Debt securities and government obligations - Investment company securities and variable contracts - Direct participation programs |
| Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 9% | - Determining investment suitability - Customer information collection - Types of accounts and ownership structures - Account documentation and regulatory compliance |







