FINRA Series7

Not sure whether Dumpkiller is right for you? Download the free Series7 demo and review a sample of our 400 FINRA General Securities Representative Examination (GS) practice questions before you spend a cent.

FINRA Series7 Exam Overview:

FINRA Series7 Exam Syllabus Topics:

Your Series7 Exam Questions, Answered

What is the Series7 exam all about?

The FINRA General Securities Representative Examination (GS) exam (code: Series7) is the official FINRA exam that leads to the FINRA Certification certification. It sits at the Professional level of the FINRA certification track. It is also connected with related credentials such as Securities Industry Essentials (SIE) Exam, General Securities Representative Registration (Series 7). Passing it proves to employers that your skills have been validated by FINRA itself, which is why the Series7 credential keeps showing up in job postings.

How many questions are in the Series7 exam, and how long does it take?

The FINRA General Securities Representative Examination (GS) exam gives you 225 minutes to work through 125 scored questions. Pacing matters more than most candidates expect, so before exam day, run at least one full timed session in the Dumpkiller test engine to learn how long you can afford per question. If an item stalls you, flag it and move on — coming back later beats burning five minutes on a single question.

What score do I need to pass the Series7 exam, and how much does it cost?

The passing score for the FINRA General Securities Representative Examination (GS) exam is 72%, and the official registration fee is USD 300. Remember that a failed attempt means paying that fee in full again, so a timed self-assessment with Dumpkiller practice questions about a week before your exam date is a cheap way to confirm you are scoring comfortably above 72%.

Are there any prerequisites for the Series7 exam?

According to FINRA, the following applies: Candidates must pass the Securities Industry Essentials (SIE) Exam and be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization member to obtain the Series 7 registration.. Certification policies do change from time to time, so confirm the latest requirements on the official exam page at https://www.finra.org/registration-exams-ce/qualification-exams/series7 before you register.

Can I try the Series7 practice questions before buying?

Yes. Dumpkiller offers a free Series7 PDF demo so you can review the question style, difficulty, and explanations before committing to anything. After purchase, your FINRA General Securities Representative Examination (GS) material includes 365 days of free updates, and if your product expires after that, you can extend the update service at a 50% discount from your member zone.

What happens if I do not pass the Series7 exam, and how is my order delivered?

If you take the corresponding Series7 exam within 60 days of your purchase and do not pass, you can apply for a full refund under our 100% Money Back Guarantee, subject to a few conditions: the failed exam must be the one matching your purchase; sitting the exam within 3 days of purchase does not qualify, since that leaves too little preparation time; downloading the material without actually taking the exam does not qualify; free materials and expired orders are excluded; and the candidate name must match the payer name. To apply, send a scanned copy of your enrollment slip together with your official Score Report (PDF) within 2 days after the exam, and claims are processed within 7 days. If you would rather not take a refund, you can exchange your purchase for two free products of equal value while keeping the update service on the product you originally bought. As for delivery, everything is an instant download: your products are sent to your email within one minute of payment — contact customer service if nothing arrives within 2 hours — and there is no limit on the number of computers you can install the software on.

What topics are covered in the Series7 exam?

The official FINRA General Securities Representative Examination (GS) syllabus is organized into 4 main domains. The first three are Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions (7%), Seeks Business for the Broker-Dealer from Customers and Potential Customers (9%), and Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records (73%). For the full domain-by-domain breakdown, see the complete Exam Topics outline above.

FINRA General Securities Representative Examination (GS) Sample Questions:

Question 1

Service charges by a FINRA dealer for transfer and safekeeping of customer securities held in street
name:

A. may not be levied unless there is no trading in the account for more than six months
B. may not be levied under FINRA Conduct Rules
C. may be levied only if the charge if fair, reasonable, and non-discriminatory
D. may be levied only if the security has a value of less than $5,000

Question 2

A syndicate manager has just been informed that its bid has been accepted and all syndicate members
are duly notified. Public information on the award will be most quickly available from:

A. Munifacts
B. the Blue List
C. the Wall Street Journal
D. the daily Bond Buyer

Question 3

On which of the following is depreciation permitted?

A. property whose maintenance exceeds the investment credit
B. equipment subject to recapture
C. rental property whose value is declining
D. residential property not used for business

Question 4

Securities may be sold under SEC rule 144 provided that the following conditions are met:

A. they are sold in principal transactions only
B. they are sold in agency transactions only
C. both A and B
D. the company files regular financial data with the SEC

Question 5

Bubba buys one XYZ June 40 call for $1,000 and sells one XYZ March 40 call for $600. Subsequently, the
June call is closed for $1,200 and the March call for $900. What is Bubba's net result?

A. $100 profit
B. $200 loss
C. $100 loss
D. $200 profit

Solutions: