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FINRA Series7 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Seeks Business for the Broker-Dealer from Customers and Potential Customers | 9% | - Customer acquisition and prospecting
|
| Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records | 73% | - Investment products
|
| Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions | 7% | - Trade execution and settlement
|
| Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives | 11% | - Customer accounts and documentation
|
FINRA General Securities Representative 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. place the securities temporarily in a general account
- B. liquidate the securities or otherwise cancel the transaction
- C. purchase the securities for the firm's error account
- D. grant an extension for a bona fide reason
Correct Answer: B 🗳️
Explanation: Only visible for TestValid members. You can sign-up / login (it's free).
Which of the following may occasionally be purchased at a discount from net assets value?
- A. contractual plans
- B. closed-end funds
- C. open-end funds
- D. no-load funds
Correct Answer: B 🗳️
Explanation: Only visible for TestValid members. You can sign-up / login (it's free).
Bubba decides to buy equity securities. Which of the following statements is always true about what
Bubba is buying?
- A. they have a fixed maturity date
- B. they are readily marketable
- C. they are not secured by collateral
- D. they have a fixed rate of return
Correct Answer: C 🗳️
Explanation: Only visible for TestValid members. You can sign-up / login (it's free).
Feasibility studies and engineering surveys are most necessary prior to which of the following new
offerings?
- A. corporate debentures
- B. revenue bonds
- C. limited tax bonds
- D. general obligation bonds
Correct Answer: B 🗳️
Explanation: Only visible for TestValid members. You can sign-up / login (it's free).
Bubba is buying a Federal Home Loan Bank issue that is offered at 95.22. How much will he pay to
purchase one bond?
- A. $952.20
- B. $956.88
- C. $951.63
- D. $95.22
Correct Answer: B 🗳️
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