Updated: Aug 16, 2026
No. of Questions: 400 Questions & Answers with Testing Engine
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| Certification Vendor: | FINRA |
| Exam Name: | General Securities Representative Examination (GS) |
| Exam Number: | Series 7 |
| Related Certifications: | Securities Industry Essentials (SIE) Series 6 Series 63 Series 65 Series 66 |
| Passing Score: | 72% |
| Real Exam Qty: | 125 scored + 5–10 unscored pretest |
| Exam Format: | Computer-based, Multiple-choice, 4 answer options per question |
| Exam Duration: | 225 minutes |
| Certificate Validity Period: | Valid while registered and completing continuing education; expires 2 years after leaving a sponsoring firm |
| Exam Price: | $395 USD |
| Available Languages: | English |
| Recommended Training: | FINRA Content Outline PDF |
| Exam Registration: | FINRA Central Registration Depository (CRD) FINRA Series 7 Registration Page |
| Sample Questions: | FINRA Series7 Sample Questions |
| Exam Way: | Computer-based testing at authorized Pearson VUE or Prometric test centers |
| Pre Condition: | Must pass SIE exam; must be sponsored by a FINRA/SRO member firm |
| Official Syllabus URL: | https://www.finra.org/registration-exams-ce/qualification-exams/series7 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 9% | - Suitability rules and regulatory compliance - Account types and documentation requirements - Financial profile, risk tolerance, and investment objectives |
| Topic 2: Seeks Business for the Broker-Dealer from Customers and Potential Customers | 7% | - Standards for advertising and public communications - Customer communication and solicitation rules - Product-specific disclosures and regulatory requirements |
| Topic 3: Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions | 11% | - Order types and execution procedures - Regulatory requirements for transaction processing - Trade settlement and confirmation rules |
| Topic 4: Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records | 73% | - Direct participation programs - Debt securities and government obligations - Recordkeeping and regulatory reporting - Municipal securities - Margin accounts and taxation - Equity securities - Options and derivative products - Investment companies, ETFs, and variable annuities |
1. What is the maximum amount of gift to customers or other individuals related to the securities business
that a registered representative is permitted to give?
A) $100
B) $50
C) $200
D) $500
2. Bubba buys a ten-year municipal and at 102 and sells it five years later at 101. What is tax treatment?
A) the $10 loss is applied as a reduction against ordinary income
B) no capital loss or income deduction is realized
C) a $10 long-term capital loss is realized
D) the $10 loss is applied against future profits in municipal securities
3. Bubba has a short margin account with a short market value of $22,000, a credit balance of $42,000, and
SMA of $500. What is the equity in Bubba's account?
A) $37,000
B) $20,500
C) $500
D) $20,000
4. 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) $4,625
B) $10,000
C) $5,550
D) $25,000
5. A typical money market instrument carries which of the following?
A) serial bond maturity date
B) medium-term maturity date
C) long-term maturity date
D) short-term maturity date
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: D |
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