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Last Updated: Sep 11, 2026
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The Series-7 exam consists of 125 multiple-choice questions that must be completed within a time limit of 3 hours and 45 minutes. Series-7 exam is broken down into two parts, with the first part covering general knowledge of the securities industry and the second part focusing on specific products and practices. To pass the exam, individuals must achieve a score of at least 72%, or 72 correct answers out of 100, on the entire exam. The Series-7 exam is considered to be one of the most difficult securities licensing exams, and it requires significant preparation and study to pass.
FINRA Series-7 (General Securities Representative Qualification Examination (GS)) Certification Exam is an essential certification for anyone planning to work in the securities industry. Series-7 exam covers a wide range of topics related to the securities industry and is designed to test the knowledge and skills of candidates. Passing the exam is a requirement for most securities licenses and registrations and will authorize candidates to sell a wide range of securities products to clients. However, preparing for the exam can be challenging, and candidates will need to invest time and effort to ensure they are adequately prepared.
Reference: https://www.finra.org/registration-exams-ce/qualification-exams/series7
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Preparing for the Series-7 certification exam can be a challenging and time-consuming process. Candidates will need to study and review a large amount of information related to the securities industry, including financial statements, investment strategies, and regulations. Additionally, candidates will need to develop strong critical thinking and analytical skills to analyze financial data and make informed investment recommendations.
| Section | Objectives |
|---|---|
| Evaluates Customers' Financial Profile | - Customer investment objectives and risk tolerance - Financial status and suitability assessment |
| Makes Recommendations and Transfers Assets | - Account transfers and asset movement procedures - Suitability and recommendation rules |
| Processes Customer Orders | - Order entry, execution, and settlement basics - Trade reporting and confirmation procedures |
| Seeks Business for the Broker-Dealer | - Prospecting clients and marketing products - Understanding regulatory constraints on communications |
| Provides Information About Investments | - Taxation and risk characteristics - Equities, fixed income, and packaged products |
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