Learn with FINRA : Series7 training material for 100% pass

Updated: Aug 12, 2026

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FINRA Series7 Exam Overview:

Certification Vendor:FINRA
Exam Name:General Securities Representative Examination (Series 7)
Exam Number:Series 7 (GS)
Certificate Validity Period:No fixed expiration (maintained through FINRA registration and employer sponsorship)
Available Languages:English
Exam Format:Multiple-choice
Real Exam Qty:125 scored questions (plus 10 unscored pretest questions)
Exam Duration:225 minutes
Related Certifications:Securities Industry Essentials (SIE)
Series 63 (Uniform Securities Agent State Law Exam)
Series 66 (Uniform Combined State Law Exam)
Passing Score:Approximately 72%
Exam Price:$300 USD
Recommended Training:FINRA Official Exam Information
STC USA - Series 7 Exam Prep
Kaplan Financial Education - Series 7 Prep
Exam Registration:Series 7 Exam Page (FINRA)
FINRA Registration and Exam Information
Sample Questions:FINRA Series7 Sample Questions
Exam Way:Computer-based exam at authorized testing centers or remote proctored delivery (if available through FINRA/Prometric)
Pre Condition:No formal prerequisites for the Series 7 exam itself, but candidates must pass the Securities Industry Essentials (SIE) exam and be sponsored by a FINRA member firm.
Official Syllabus URL:https://www.finra.org/registration-exams-ce/qualification-exams/series7

FINRA Series7 Exam Syllabus Topics:

SectionObjectives
Job Functions Overview- Function 2: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile
  • 1. Ensures compliance with suitability and regulatory requirements
    • 2. Determines investment objectives, risk tolerance, and financial situation
      - Function 3: Provides Customers with Information About Investments and Makes Suitable Recommendations
      • 1. Recommends equities, debt instruments, mutual funds, ETFs, options, and variable products
        • 2. Weight: ~73% of exam content
          • 3. Explains characteristics, risks, and features of investment products
            - Function 4: Processes Orders and Maintains Appropriate Records
            • 1. Maintains required documentation and recordkeeping standards
              • 2. Executes trades in accordance with customer instructions and regulations
                • 3. Weight: ~11% of exam content
                  - Function 1: Seeks Business for the Broker-Dealer
                  • 1. Identifies investment opportunities and solicits new clients
                    • 2. Opens accounts after obtaining and evaluating customer financial information

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      1. Bubba buys a bond issued at par with a 5% coupon that is convertible into common stock at $40. The
                      bond increases in value by 20 points. What is the conversion parity of the stock?

                      A) $50
                      B) $25
                      C) $48
                      D) $40


                      2. Assuming all of the following bonds from the same issuer are callable now, which one would most likely
                      get called first?

                      A) 8% maturing 1-15-2016
                      B) 8% maturing 1-15-2007
                      C) 4% maturing 1-15-2007
                      D) 4% maturing 1-15-2012


                      3. Bubba buys $100,000 of US Treasury 101/2 s of 31 on margin. If the current market price is 92.16, what is
                      Bubba's minimum deposit requirement?

                      A) $5,550
                      B) $25,000
                      C) $10,000
                      D) $4,625


                      4. A corporation makes a rights offering to raise $10 million of new capital by issuing one million shares of
                      common stock. If it already has six million shares outstanding at the time of the offering. What is the
                      subscription price per share?

                      A) $6
                      B) $4
                      C) $10
                      D) $7


                      5. In a corporation's financial statements, earned surplus is also recognized as:

                      A) earnings retained after payment of dividends to shareholders
                      B) net income
                      C) gross profit
                      D) operating income after payment of interest expense


                      Solutions:

                      Question # 1
                      Answer: C
                      Question # 2
                      Answer: A
                      Question # 3
                      Answer: A
                      Question # 4
                      Answer: C
                      Question # 5
                      Answer: A

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