What topics are covered in the Series 7 exam?

What topics are covered in the Series 7 exam?

Key Takeaways

  • The Series 7 is an exam and license that entitles the holder to sell all types of securities products except commodities and futures.
  • The Series 7 exam covers topics on investment risk, taxation, equity and debt instruments, packaged securities, options, and retirement plans.

What does Series 7 require?

To take the Series 7 exam, you must be sponsored by a FINRA member firm or a self-regulatory organization (SRO). Firms apply for candidates to take the exam by filing a Uniform Application for Security Industry Registration or Transfer (Form U4).

How hard is Series 7 top-off?

Clocking in at 125 questions to be answered in three hours and 45 minutes, the Series 7 exam is considered the most difficult of all the securities licensing exams. The minimum passing score is 72, which may not seem that difficult.

What are the prerequisites for Series 7?

Understanding the Series 7 Exams. Futures Contract A futures contract is an agreement to buy or sell an underlying asset at a later date for a predetermined price.

  • Series 7 Exam Requirements.
  • Series 7 Exam Structure.
  • Attempts Allowed for the Series 7 Exam.
  • Additional Resources.
  • How difficult is series 7 exam?

    The material in the Series 7 is not nearly as difficult or extensive. The Series 7 can be achieved after passing two relatively short tests while the CFA requires three long tests. CFA and Series 7 designations will usually take you down different career paths in the financial industry.

    How do you take the series 7?

    Equities (stocks)

  • Debt securities (bonds)
  • Municipal bonds
  • Options
  • Mutual funds and ETFs
  • Life insurance and annuities
  • Retirement plans,529 plan
  • Taxation
  • Regulation
  • Client and margin accounts
  • What does series 7 allow you to do?

    Find new business from customers and potential new customers

  • Determine a customer’s financial profile and investment goals
  • Provide investment recommendations and information that are suitable to the client’s needs
  • Complete purchase and sales transactions,keeping required documentation throughout the process
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