Broker Preparatory Course Series 7 USA American Broker Examination (FINRA)


The Series 7 Exam (The General Securities Representative Qualification Examination)

Thorsten Schuell will provide the means for you to undertake the Series 7 exam. The exam consists of 125 marked questions, candidates will have a total time limit of 3 hours and 45 minutes to complete the exam which is a National Futures Association exam. In order to pass, candidates taking the exam will have to achieve a score of 70% or above. Series 7 measures the ability of an entry-level representative to operate as a general securities representative. The exam assesses the degree to which each candidate has the fundamentals needed to perform the critical functions of a general securities representative.

Candidates must pass the Securities Industry Essentials (SIE) exam and the Series 7 exam to obtain the General Securities Representative registration.

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We provide you with professional content and explanatory videos, PDFs with useful information, as well as a practical activities to prepare you as best as possible for the final exam. Each chapter will take between 10 or 20 days.

The content of the exam is split into four major job functions, these are:

  • Seeks business for the broker-dealer from customers and potential customers
  • Opens accounts after obtaining and evaluating customer’s financial profile and investment objectives
  • Provides customers with information about investments, makes recommendations, transfers assets and maintains appropriate records
  • Obtains and verifies customer’s purchase and sales instructions and agreements; processes, completes and confirms transactions.

A candidate who passes the Series 7 exam is qualified for the solicitation, purchase and/or sale of all securities products, including corporate securities, municipal fund securities, options, direct participation programs, investment company products and variable contracts. Covered activities and products include:

  • Public offerings and/or private placements of corporate securities (stocks and bonds)
  • Rights
  • Warrants
  • Mutual funds
  • Money market funds
  • Unit investment trusts (UITs)
  • Exchange-traded funds (ETFs)
  • Real estate investment trusts (REITs)
  • Options on mortgage-backed securities
  • Government securities
  • Repos and certificates of accrual on government securities
  • Direct participation programs
  • Venture capital
  • Sale of municipal securities
  • Hedge funds

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