Series 7 Exam Online Course

The Series 7 is an exam sponsored by the Financial Industry Regulatory Authority (FINRA). It measures the qualifications of a person to work in the financial industry as a general securities representative. FINRA was previously called the National Association of Securities Dealers (NASD).

In order to be considered for the Series 7, a person must by sponsored by a FINRA member, a SRO (Self-Regulatory Organization), or an investment exchange. The Series 7 assesses all areas of trading other than commodities and futures.

According to FINRA, the certification that results from the exam, "qualifies a candidate for the solicitation, purchase, and/or sale of all securities products, including corporate securities, municipal securities, municipal fund securities, options, direct participation programs, investment company products, and variable contracts."

Free Series 7 Practice Test Questions

The first step is to find a sponsor. Applicants must have a sponsor in order to schedule an exam. This may mean taking a position which does not require an applicant to already have the Series 7. Often, a willingness to sponsor the Series 7 exam may be explicitly stated in a given employment ad.

The sponsoring organization must send a Uniform Application for Securities Industry Registration or Transfer (Form U-4) with FINRA. Forms filed without a sponsor will be rejected.

The exam is often a requirement for firms seeking membership with FINRA. It can also be a step toward taking more advanced FINRA exams.

The Series 7 exam contains 250 multiple-choice questions. It is divided into two parts that include 125 questions each. Participants are given three hours to complete each part. Each test has 10 questions that are not scored. At least 70% of the scored questions must be answered correctly to pass the exam.

Series 7 Test Breakdown

Series 7 Study Guide

Explore our free Series 7 review provided by Mometrix. Check out our premium Series 7 study guide to take your studying to the next level. If you benefit from these materials, just click the link below! To compliment our Series 7 book, we also offer extensive flashcards for even more Series 7 exam prep help. We hope you enjoy our products! Your purchase helps us make more great, free Series 7 certification content for test-takers just like yourself.

Series 7 Self-Assessment Module:

Series 7 Exam Overview

Series 7 Exam Study Guide & Practice Questions


Last Updated: 02/20/2018

© 2018 Copyright | All Rights Reserved
All material on this website is copyrighted. provides free unofficial review materials for a variety of exams.
All trademarks are property of their respective owners.