The Financial Industry Regulatory Authority (FINRA) Series 7 exam assesses the competency of an entry-level registered representative to perform his or her job as a general securities representative. It is intended to be a safeguard for the general public. The Series 7 exam is available at Pearson VUE or Prometric exam facilities.

The FINRA Series 7 exam consists of 250 multiple-choice questions. Candidates have 6 hours to complete the exam and it is administered in two three hour sessions (130 questions per session). No two candidate exams are identical because the questions are randomly selected from a pool.

The FINRA Series 7 exam covers the following topics:
  • Seeks business for the broker-dealer through customers & potential customers – 68 questions
  • Evaluates customers’ other security holdings, financial situation & needs, financial status, tax status & investment objectives – 27 questions
  • Opens accounts, transfers assets & maintains appropriate account records – 27 questions
  • Provides customers with information on investments and makes suitable recommendations
  • Obtains & verifies customer’s purchase & sales instructions, enters orders & follows up – 58 questions
Make sure you are prepared for your Financial Industry Regulatory Authority (FINRA) Series 7 Exam. McRee Learning Center can help.
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