Series 7 exam

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Our site will broker test 7 unavailable for 3 hours starting on Friday, April 6, from We apologize for any inconvenience this may cause. The Series 7 license, known as the General Securities Registered Representative license, allows you to sell a broader range of securities. A holder is allowed to sell corporate stocks and bonds, municipal bonds, mutual funds, variable annuities, options, direct participation program DPP partnerships, and packaged securities i.

The Series 7 is a more comprehensive license than the Series 6, and is generally preferred by banks and broker dealers for new recruits coming directly into the financial services industry.

Those who get this license are officially listed as registered representatives by FINRA, but are more commonly referred to as stockbrokers. This article provides the process now, as well as the likely process broker test 7 the future with the SIE exam. There is an exam fee that is typically covered by the sponsoring firm. The exam consists of questions and is given in two 3-hour segments. The exam covers the five main job functions of a Series 7 representative:. The SIE exam will cover topics like fundamentals, regulatory agencies and their functions, product knowledge, and acceptable and unacceptable practices.

In the future state, a candidate will no longer have to be sponsored by a member firm or self-regulatory organization SRO to take the SIE exam. After passing the SIE exam, broker test 7 will need to be broker test 7 by a member firm or self-regulatory organization SRO.

Once a candidate has passed the SIE exam and is sponsored, they can then take the top-off exam for the Series 7 license. Candidates will have a four-year window broker test 7 which to take and pass any of the representative level top-off exams after passing the SIE exam.

The Series 7 top-off exam will likely be shorter than it is currently; FINRA has indicated they are planning to reduce the number of questions asked on the Series 7 exam from to The exam details broker test 7 still being finalized, but we will continue to update this article as we gain more information. Ready to start your Series 7 licensing exam prep?

Learn more about our live and online study options and to purchase a Series 7 exam prep package on our website.

Download this free guide to learn more about how the new securities licensing process will work, the rationale broker test 7 the change, proposed SIE exam content, and how it could change hiring and recruiting practices. What is the Difference?

What Does a Financial Analyst Do? What Do Investment Bankers Do? What is Wealth Management? Financial Planning Career Resources. Kaplan Financial Education Updated: The exam covers the five main job functions of a Series 7 representative:

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How do I become a stockbroker? Some people sit for the Series 6 or Series 62 exam to get into production faster, and then take the Series 7 later on. You need to interview with the kinds of firms that you feel will provide you with the best opportunity to be successful and offer the kinds of securities you would like to work with.

Firms are looking for individuals who can create commissions for the firm. If the firm wants you — they will sponsor you for the Series 7 exam. Some think having passed the Series 7 exam prior to interviewing makes the candidate more likely to get a job as a stockbroker. What the firms are looking for are the right skills. You have two years from the date you pass the exam to complete your registration — otherwise you have to sit for the exam again. Remember, passing an exam is only one step in the registration process.

You must be complete the registration process before you attempt any type of solicitation. Keep in mind, the brokerage firm that hires you may have more restrictive requirements for example a college degree and 21 years of age. In securities registration there are two levels of registration: On the federal level you take the Series 6, 7 , 62 , etc. For further information on Registered Investment Advisor registration, click here.

Test Centers are located in many cities throughout the U. NFA exams include the Series 3, 30 , and Securities Exam Preparation, Inc. You can review our specially designed self study materials for the Series 7, 65, 63 and 3 exams at our site. Securities Exam Preparation How do I…? How To Become a Stockbroker. Search SEP Search for: