Varsity Tutors can find you a certified Series 7 exam coach in as little as 24 hours. The Series 7, or General Securities Representative Qualification Exam, is a high-stakes test that you must pass to register as a licensed General Securities Representative. Standardized tests can be challenging to prepare for, but you can do it with the right Series 7 exam training tools. Please continue reading to learn more about how easy it can be to connect with Series 7 exam tutors!
What is the Series 7?
The Series 7 is an electronic multiple-choice test written by the Financial Industry Regulatory Authority (FINRA) to assess the competency of entry-level financial professionals to perform the professional duties expected of a general securities representative. Candidates must pass both the Series 7 and a separate Securities Industry Essentials (SIE) examination to obtain licensure as a U.S. stockbroker.
You must be sponsored by either a FINRA member firm or self-regulatory organization (SRO) to sit for the Series 7. The exam itself consists of 125 multiple-choice questions administered over a testing session lasting 225 minutes. Topics covered include (but are not limited to) investment risk, equity, debt instruments, packaged securities, and taxation. You are also tested on your knowledge of FINRA rules, including Risk Disclosure statements and Know Your Customer (KYC) regulations. You must score at least a 72 in order to pass the exam. If that sounds like too many things to memorize at once, Series 7 exam tutors can break down everything you need to know into more digestible components to make your study time more efficient.