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About FINRA Series-7 Exam Braindumps
Getting ready for the Series-7 exam takes more than good intentions, and ExamsTorrent gives your effort a reliable foundation with 402 practice questions for the Series-7 exam, each mapped to the FINRA General Securities Representative Qualification Examination (GS) objectives and backed by expert-verified answers.
FINRA Series-7 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records | 73% | - Options and derivative products - Debt securities and government obligations - Portfolio analysis and risk management - Taxation and regulatory rules - Direct participation programs - Characteristics of equity securities - Investment company securities and variable contracts - Municipal securities |
| Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions | 11% | - Recordkeeping and reporting requirements - Order types and execution procedures - Trade settlement and confirmation - Handling errors and discrepancies |
| Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 9% | - Account documentation and regulatory compliance - Types of accounts and ownership structures - Determining investment suitability - Customer information collection |
| Seeks Business for the Broker-Dealer from Customers and Potential Customers | 7% | - Regulatory requirements for communications with the public - Identification of potential customers - Prospecting and sales practices |
Your FINRA General Securities Representative Qualification Examination (GS) Questions, Answered
- Seeks Business for the Broker-Dealer from Customers and Potential Customers (7%)
- Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives (9%)
- Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records (73%)
FINRA General Securities Representative Qualification Examination (GS) Sample Questions:
If a customer fails to pay for securities purchased in a cash account, the member firm broker will do which of the following?
- A. liquidate the securities or otherwise cancel the transaction
- B. place the securities temporarily in a general account
- C. purchase the securities for the firm's error account
- D. grant an extension for a bona fide reason
Correct Answer: A 🗳️
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Bubba held one XYZ July 30 listed call option when XYZ split 2 for 1.
What is the resulting position, Bubba has on the Option Clearing Corporation's record?
- A. long two XYZ July 30 calls
- B. long one XYZ July 30 call
- C. long one XYZ July 30 call and short one XYZ July 30 call
- D. long two XYZ July 15 calls
Correct Answer: D 🗳️
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Which of the following is the least important method of money control exercised by the Federal Reserve?
- A. reserve requirements
- B. open market operations
- C. Regulation T
- D. discount rate
Correct Answer: C 🗳️
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Bubba wants to buy a US treasury bond with a bid of 97.28 and an asking of 98.2.
How were these prices established?
- A. by the terms of the bond
- B. by the FINRA
- C. by the Federal Reserve Board
- D. by competitive biding
Correct Answer: D 🗳️
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A stock with a current P/E of 17 is selling at $74.50 per share.
What are the company's earnings in the trailing 12 months?
- A. $1.70
- B. $6.20
- C. about $4.28
- D. impossible to calculate from this information
Correct Answer: C 🗳️
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