0 comments. Registration before October 1, 2018, the Series 7 was a beast of an exam: 6 hours long, with 250 multiple choice questions, covering general financial knowledge as well as … So put down the tired, old book from Securities Training Corporation (STC) or Kaplan -- and master the Series 7 in the shortest possible time! A passing mark is 72 percent. © Copyright 2018 | Exam 2 Jobs | All Rights Reserved, Series 7 Study Guide: Test Prep Manual & Practice Exam Questions for the FINRA Series 7 License Exam (, Series 7 Exam Flashcard Study System: Series 7 Test Practice Questions & Review for the General Securities Representative Exam (, Sonography Principles and Instrumentation (SPI) Examination, According to the Financial Industry Regulatory Authority, the first task of a general securities representative is to seek business for the broker-dealer through customers and potential customers. The Series 7 test also includes 27 questions regarding opening, transferring, and closing customer accounts and maintaining appropriate account records. This deck focuses on securities products including, debt, equities, investment company products, annuities, as well as investor suitability. Terms in this set (11) On the same day, a customer: Sells 1 ABC Jan 50 Call @ $3 Sells 1 ABC Jan 50 Put @ $5 At that time, the market price of ABC is $48. This deck focuses on terms and concepts relating to the securities issuance process as well as communications with the public. PLAY. This exam consists of 250 multiple-choice questions and is administered in two sections of 125 questions each; each section takes three hours to complete. A general securities representative should be able to explain the organization, participants, and functions of various securities markets and the principal factors that affect them (53 questions). However, they are not meant to be a complete study solution, but instead meant to be used in conjunction with a textbook, course, and practice questions. Start learning how to be successful on your Series 7 exam. Master securities, debt, derivatives, and all other key topics needed to boost your score and get your license! Write. Note that using multiple study aids will help you maximize the benefit from your study time. I had 7-8 questions about Pstock and how it is effected with conversion as well as the effect of a common stock split. With this in mind, Knopman Marks, a leader in exam preparation, with the highest pass rates in the industry, has curated these Brainscape flashcards as a study tool to aid in the memorization and retention of the key material that you must know to pass your Series 7 exam. This deck focuses on the options market, including option strategies and calculations. This deck focuses on terms and concepts relating to the secondary market, equity trading, and industry dispute resolution. This first topic won’t surprise you. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Options Front and Center. A general securities representative should also evaluate customers in terms of financial need, current holdings, and available investment capital and help these clients identify their investment objectives (4 questions). A passing mark is 72 percent. Our mission is to create a smarter world by simplifying and accelerating the learning process. Here you can post your thoughts and comments about the various securities exams, interact with other students and instructors and share tips and hints to help you pass your exam. Test. The Series 7 top-off exam has a heavy emphasis on suitability and scenario-based questions, as well as on advanced concepts, such as complex options positions, tax rules, and margin accounting. An Industry Update From Our Partners at BrokerHunt... Why do I need to take the series 65 exam? Our Series 7 study guide is guaranteed to help you get the results you deserve on your Series 7 test. The Series 7 is a regulatory exam that is required for representatives who will engage in the sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options and government securities. Of all the Series 7 subjects, Options is our number one most requested for help. A put writer who is exercising a put must subtract the premium from the … Although the exam is challenging, our students have had great results. Brainscape is a web and mobile study platform that helps you learn things faster. Some test takers prefer to study using flashcards and so we have created the best Series 7 flashcards that cover everything you need to know for the Series 7 exam. Let’s start with the hardest subset of topics within Options: Spreads. FINRA itself doesn’t publish the Series 7 exam pass rate, though third-party sources place it historically at around 65 percent. So where should you begin? However, because the SIE tests the content on a more basic and foundational level, the Series 7 questions focus on a deeper application of the concepts. The Knopman Marks content combined with Brainscape’s Confidence-Based Repetition study algorithm are perfectly designed to help you to memorize, as well as comprehend and retain the testable information. The Series 7 is a regulatory exam that is required for representatives who will engage in the sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options and government securities. The exam tests all the information necessary to know to perform your job as a general securities representative, including knowledge of the various securities products, suitability considerations for investors, customer account types, and rules and regulations. Welcome to EXAM PASS ! The Secondary Market, Equity Trading, & Dispute Resolution. This deck focuses on municipal securities characteristics, taxation, and regulation by the MSRB. Students need assistance with the Options chapter more than any other. http://www.securitiesce.com/web/pages/series7/index.php. The Series 7 test, also known as the General Securities Representative Examination, is a challenging and comprehensive assessment for men and women looking to enter this rewarding and fast-paced field of finance. The SIE exam, a co-requisite to the Series 7, covers much of the same content as the Series 7. Therefore, expect the exam to be full of long, scenario and suitability-based questions. This deck focuses on direct participation programs, including the different types and characteristics of limited partnerships. Communications With The Public & New Issue Market. (This task relates to 9 questions on the test.). The content of the Series 7 test is divided along the seven most important critical functions of a general securities representative: And finally, the Series 7 test includes 21 questions assessing the ability to monitor a customer’s portfolio and make recommendations consistent with changes in economic and financial conditions as well as the customer’s needs and objectives. Flashcards. posted by The Securities Institute @ 9:08 AM   This deck focuses on margin accounts, including both long and short margin accounting. STUDY. This deck focuses on the account opening process, types of customer accounts and account titles, as well as corporate and individual retirement plans. © 2020 Bold Learning Solutions. How Long Should I Study For My Series 7 Exam? Hard Series 7 Questions - 1. (S)he should be able to obtain and verify the customer’s purchase and sale instructions, enter orders, and follow up on the completion of transactions (13 questions). Deck 1: Communications with the Public & New Issue Market, Deck 2: Customer Accounts & Retirement Plans, Deck 3: Securities Products & Suitability, Deck 8: The Secondary Market, Equity Trading, & Dispute Resolution. Gravity. J20_Nguyen. Start studying Series 7 Practice Questions. Spell. Series 7 Study Options. This profile is used by The Securities Institute’s instructors to help post additional thoughts and tips to help students pass their securities exams. The most efficient way to prep for the finra Series 7 top-off exam on the web, iPhone, or Android. Series 7 Study Guide: Test Prep Manual & Practice Exam Questions for the FINRA Series 7 License Exam ()Series 7 Exam Flashcard Study System: Series 7 Test Practice Questions & Review for the General Securities Representative Exam ()Official site () The Series 7 is undergoing a significant change starting in October 1, 2018. Series 7 Option Questions Exercising a Put An investor who exercises a put must subtract the put’s premium from the option’s strike price to determine their proceeds from the sale. Note, that in order to become fully registered, you must also pass the Securities Industry Essentials (SIE) Exam. Browse over 1 million classes created by top students, professors, publishers, and experts, spanning the world's body of "learnable" knowledge. The flashcards on this app provided by Knopman Marks are broken into eight decks, each covering an essential piece of the Series 7 content: These flashcards will help you to drill down on the most important information. Learn. Options (Series 7) Practice Questions. The new-format Series 7 exam consists of 125 multiple-choice questions, with a 3 hour and 45 minute time limit. 4 years ago. Changes to the Series 7 Exam. Created by. (S)he should provide customers and prospective customers with information on investments and make suitable recommendations (123 questions). Match.