The topics include investment risk, taxation, equity and debt instruments, packaged securities, options, retirement plans, and interactions with clients. Instead it’s a test, set by the Securities and Exchange Commission, that is designed to uphold the principles and fairness of the U.S. stockmarket. There’s a major trend toward the suitability of investments on the examination. The new Series 7 exam will test five major job functions, down from the current seven. The new Series 7 top-off exam will consist of 125 multiple choice questions, allow the candidate 225 minutes to complete the exam, and will be scored using equating.
Its not all that difficult if you do the work.. The Financial Industry Regulatory Authority (FINRA) administers the exam. You won't pass the exam because you are listening to people who took the exam 5,6 or even 20 years ago. Brian Marks, managing director of New York-based FINRA Licensing Exam preparation firm, Knopman Marks Financial Training, offers his advice for acing the Series 7 … The more you can practice this sort of exam, rather than  bite-sized study chunks, the better prepared you’ll be. Learning answers by rote is a formula for failure. The Series 7 exam — the General Securities Representative Qualification Examination (GS) — assesses the competency of an entry-level registered representative to perform their job as a general securities representative. Please try again. The Series 7 exam, also known as the General Securities Representative Exam (GSRE), is a test for entry-level registered representatives. Think of it as a really hard, really long driving test that’s there to stop people in investment banking from crashing the market.Series 7 is for entry-level, registered representatives. Then it won’t be such a big deal. You should keep this in mind as you study. )There was an error with your request. How hard is the Series 7 exam? Eventually it will – unless it’s offensive or libelous (in which case it won’t. We put all of their advice into a value-packed eBook.


Contact: in the first instance. The focus of the exam is the nature of these securities and financial instruments, and it tests knowledge relevant to the day-to-day activities, responsibilities, and job functions of general securities representatives. Proper preparation is the key. FINRA recently released the exam restructure and specifics. These tips will help you develop the knowledge and confidence necessary to increase your odds of passing: If you’re interested in taking the exam, check out our Wouldn’t it be great if you could sit down with a room full of successful securities professionals and ask them for career advice?

Now, get ready to find out what “hard” is… The 125 questions are broken into four sections as shown in this table:As you can see, the third topic dominates the Series 7 exam curriculum. People try brute force to memorize formulas rather than understanding the concepts. We asked several accomplished securities pros what they wish they knew before they earned their license and started their career, and what they thought all aspiring securities professionals should know. Think  like an athlete and get your mind and body used to this marathon exam.As regulators change the rules ever more swiftly, the study material you use needs to be less than a year old. It’s a way of ensuring that brokers and dealers truly understand the market, and are qualified to guide their clients with proficiency and integrity. Product Alert: PASS THE 7, 4th Edition, by Robert Walker, published new for 2012. Hit 80% in your practice exams and you go into the day knowing you can pass. If your memory fails on the exam, there is no backup.Don’t spend too much time on the options and corporate bonds sectors when these two topics only account for about 20% of the exam. Passing this test is less about memorizing answers and more about understanding the material. Nonetheless, my guess is that your limited study time made it seem hard. Confidence is key and the bigger your margin for error, the better.




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