How to Study for the Series 7

1. Start with the FINRA outline

   • FINRA Series 7 Content Outline ↗

2. About the Series 7 exam

   • All Series 7 practice exam details

3. Work through each section

   7%9%73%11%

   1. Function 1: Seeks Business for the Broker-Dealer from Customers and Potential Customers7%
   2. Function 2: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives9%
   3. Function 3: Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records73%
   4. Function 4: Obtains and Verifies Customers' Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions11%

   • Function 1: Seeks Business for the Broker-Dealer from Customers and Potential Customers7%

     • Client contact and promotional communications
     • Describing products and new issues to solicit business
   • Function 2: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives9%

     • Account types and disclosures
     • Customer identification and documentation
     • Investment profile and suitability
     • Supervisory approval to open accounts
   • Function 3: Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records73%

     • Investment analysis and market communication
     • Product knowledge across security types
     • Required disclosures on products and costs
     • Account communication and recordkeeping
   • Function 4: Obtains and Verifies Customers' Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions11%

     • Quotes and order types
     • Trade processing and settlement
     • Error and dispute resolution
     • Margin

4. Practice by topic

   • Accounts and Suitability
   • Corporate Debt Securities
   • Direct Participation Programs and Taxation
   • Economic Factors
   • Equity Securities
   • Government and Agency Securities
   • Municipal Securities
   • Options
   • Packaged Products
   • Prospecting and Communications
   • Retirement Plans
   • Trading and Settlement

5. Mix topics in one practice set

   • Series 7 practice questions with answers

6. Compare the Series 7 with other exams

   • Series 7 vs Series 24
   • SIE vs Series 7
   • Series 7 vs Series 6

Practice the Series 7

Start practicing freeCustomize Series 7 practice

How this page is made