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FINRA Series-7 exam is an essential exam for anyone looking to become a registered securities representative in the United States. Series-7 exam tests the candidate's knowledge of securities-related topics and is administered by the Financial Industry Regulatory Authority (FINRA). Candidates must meet certain eligibility requirements and pass the exam to become registered representatives.
Reference: https://www.finra.org/registration-exams-ce/qualification-exams/series7
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The Series-7 exam consists of 125 multiple-choice questions that must be completed within 225 minutes. Series-7 exam covers a broad range of topics related to the securities industry, including investment risk, securities markets, investment products, and regulatory requirements. Candidates are required to score at least 72% to pass the exam. Series-7 exam is computer-based and is administered at various testing centers across the United States.
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