The Series 7 often known as the General Securities Representative ination (GS) exam, is regulated by the Financial Industry Regulatory Authority (FINRA). Financial professionals must take and pass the relevant exam before trading securities in the US, including corporate securities, municipal fund securities, investment company products, etc. The majority of firms in the financial services sector stipulate that passing the Series 7 exam is one of the admission requirements for employment. For the purpose of passing the series 7 exam it is necessary to get Finra Exam Dumps for preparation. In this article we will discuss more about the exam in detail. Please read the whole article.
General Securities Representative ination (GS) Exam Overview
The Series 7 exam is a certification exam offered by Finra. It is also known as the General Securities Representative ination (GS) exam. It evaluates a registered representative’s ability to fulfill the duties of a general securities representative at the entry-level. The exam gauges how well each applicant is prepared to carry out the essential duties of a general securities representative, including the sale of corporate, municipal, investment company, variable annuity, direct participation program, option, and government security securities.
Who Should Take The General Securities Representative Exam?
As an “entry-level examination,” the Series 7 General Securities Representative Exam is a requirement for many of the upcoming FINRA exams. Individuals who pass the exam are able to buy and/or sell a variety of securities, including municipal fund securities, corporate bonds and equities, and products from investment companies. The exam has 250 multiple-choice questions and lasts six hours (with a break in the middle).
Series 7 Exam Outline
The following topics covered in this exam are:
- Seeks out new and existing clients to make sales for the broker-dealer 7%
- Accounts are opened when the financial profile and investment objectives of the customer have been obtained and assessed. 9%
- Gives customers investment information, makes appropriate recommendations, transfers assets, and keeps accurate records. 73%
- Gets Buy and Sales Instructions and Agreements from Clients and confirms them; processes, completes, and confirms transactions. 11%
How To Prepare For The General Securities Representative Ination (GS) Exam?
You must first commit to memorizing the General Securities Representative ination (GS) fundamental topics when preparing for the Series-7 Exam. Before taking a Series-7 practice test online in 2023, you should memorize Series-7 Study material and test out free braindumps. You can use the internet during this time to learn from top-notch Series-7 free study materials and take advantage of free exam tutorials.
You will be able to get ready as quickly as possible with the help of updated exam preparation material offered by ExamsKit. We provide authentic Series-7 exam questions and answers approved by Finra certified experts. You will receive actual Series-7 exam questions along with answers that have been rigorously examined. With the help of our FINRA Series-7 exam material, you may feel confident about your place in FINRA society and be proud of your accomplishments in the very competitive IT industry.
Summary
Successful applicants who pass the Series 7 exam receive a license that allows them to sell all kinds of assets, excluding commodities and derivatives, including stocks and bonds. For stockbrokers who want to purchase and sell securities in the US, it is a prerequisite. Candidates must receive at least a 72% on the 125 multiple-choice questions on the exam to pass.