Welcome to the Achievable Series 7 Course! The Series 7 exam - the General Securities Representative Qualification Examination (GS) - tests whether an entry-level registered representative can perform the core duties of a general securities representative.
Here’s how the FINRA website describes the exam:
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a general securities representative, including sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options and government securities.
To take the Series 7, you must be associated with and sponsored by a FINRA member firm (or another applicable self-regulatory organization (SRO) member firm). For details on registration requirements, see FINRA Rule 1210 on the FINRA website.
You must also pass both the Securities Industry Essentials (SIE) exam and the Series 7 exam to obtain the General Securities Representative registration. For more information on the SIE and Series 7 exams, refer to FINRA Rule 1210 and FINRA Rule 1220(b)(2) on the FINRA website.
The exam consists of 125 multiple-choice questions, and you’ll have 3 hours and 45 minutes to complete it. A passing score on the Series 7 exam is 72% or higher.
The content outline of the exam is comprised of 4 major job functions:
The textbook’s wrap-up section includes additional details about taking the Series 7 exam, including how to register, exam cost, and test-taking options. Many people schedule their exam about two weeks before their intended test date.
This course is built to walk you through the topics and skills tested on the Series 7. Achievable exam prep includes an online textbook, review questions, full-length practice exams, and videos on key topics. You’ll get the most out of the course by working through it in order - starting with the textbook and then moving into practice questions and exams.