The Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. We prepared this post - FAQs on IAS - to answer the frequently asked questions by beginners. See if your queries about the 'IAS exam' is already answered.Online Test Series for NSTSE- 2. National Level Science Talent Search Exam. Date of Examination : 2. Tuesday) & 0. Sunday)Time : 1. 0: 3. Build a powerful, secure ecommerce storefront with our Online Store Software. Sell, promote, and grow with the 1ShoppingCart.com Online Store Builder. Knopman's Series 63 Exam study guide provides students with all the tools needed to study for FINRA certification. Order your study guide today! The Series 24 exam—the General Securities Principal Qualification Examination (GP)—assesses the competency of an entry-level general securities principal. Welcome to EXAM-Files.com! Here you can download some free practice tests for such certifications as MCSE, MCDBA, MCSD, A+, Network+, Security+, CCNA, CCNP, and so on. Online Test Series for NSTSE-2017 (National Level Science Talent Search Exam). PAF, Navy & Army ISSB Test Preparation, 50,000 Chapter Wise MCQs of Class 9 to 12, Entry Test 2016 and ISSB Test Call Letter;. Series 7 Exam - General Securities Representative Examination (GS)The Series 7 exam – the General Securities Representative Qualification Examination (GS) – assesses the competency of an entry- level registered representative to perform his or her job as a general securities representative. The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a general securities representative, including sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options and government securities. The exam consists of 2. Candidates are given six hours to complete the exam and it is conducted in two three- hour sessions with 1. The passing score is 7. Please see NASD Rule 1. General Securities Representative for more information. Content Outline. The Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. It includes sample questions to acquaint a candidate with the types of multiple- choice questions on the exam. The outline is comprised of the five main job functions of a Series 7 representative: Function 1—Seeks business for the broker- dealer through customers and potential customers. Function 2—Evaluates customers’ other security holdings, financial situation and needs, financial status, tax status, and investment objective. Function 3—Opens accounts, transfers assets and maintains appropriate account records. Function 4—Provides customers with information on investments and makes suitable recommendations. Function 5—Obtains and verifies customers’ purchases and sales instructions, enters orders, and follows up Download: Series 7 Content Outline. Eligibility. The Series 7 does not have a prerequisite exam. Please see Register a New Candidate for more information on the registration process. Permitted Activities. A candidate who passes the Series 7 exam is qualified for the solicitation, purchase and/or sale of all securities products, including corporate securities, municipal fund securities, options, direct participation programs, investment company products and variable contracts. Covered activities and products include: Public offerings and/or private placements of corporate securities (stocks and bonds)Rights. Warrants. Mutual funds. Money market funds. Unit investment trusts (UITs)Exchange traded funds (ETFs)Real estate investment trusts (REITs)Options on mortgage- backed securities. Government securities. Repos and certificates of accrual on government securities. Direct participation programs. Securities traders. Venture capital. Sale of municipal securities. Hedge funds. Taking the Exam. The table below lists the allocation of exam questions for each main job function of a general securities representative. Major Job Functions. Percentage of Test Questions. Number of Test Questions(F1) Seeks business for the broker- dealer through customers and potential customers. F2) Evaluates customers’ other security holdings, financial situation and needs, financial status, tax status, and investment objectives. F3) Open accounts, transfer assets, and maintains appropriate account records. F4) Provides customers with information on investments and makes suitable recommendations. F5) Obtains and maintains customer’s purchase and sales instructions, enters orders, and follows up. TOTAL1. 00%2. 50. See On the Day of Your Exam for more information. Key Questions. 1. If I pass the Series 7, will I be able to trade municipal securities? If an individual took and passed the Series 7 prior to November 7, 2. If an individual took and passed the Series 7 on or after November 7, 2. Does Series 7 serve as a pre- requisite to the Series 5. Municipal Securities Principal Exam)? If an individual took and passed the Series 7 prior to November 7, 2. Series 5. 3 examination. If an individual took and passed the Series 7 on or after November 7, 2. Series 5. 2 (Municipal Securities Representative Exam) as a prerequisite to taking the Series 5. What is the difference between Series 7 and Series 6. The General Securities Representative Examination (Series 7) is an entry- level examination that qualifies the individual for registration with all self- regulatory organizations to trade: corporate stocks and bondsrightswarrantsreal estate investment trusts (REITs)collateralized mortgage obligations (CMOs)municipal securities options- equity, index, and foreign currencyinvestment company products/variable contractsdirect participation programsexchange traded funds (ETFs)The Corporate Securities Limited Representative Examination (Series 6. FINRA qualification requirement for individuals who will trade corporate securities only. These include: corporate stocks and bondsrightswarrants. REITscollateralized mortgage obligations (CMOs)exchange traded funds (ETFs)Using Reference Materials. The test administrator will provide whiteboard/dry erase marker and basic electronic calculators to the candidates, which must be returned to the test center administrator at the end of the testing session. Some test questions involve calculations. Only the provided calculators may be used during the examination. The examination may contain questions that require the use of exhibits (e. If so, the questions will indicate when to refer to an exhibit. Candidates are not permitted to bring any reference materials to testing sessions. Severe penalties are imposed on candidates who cheat or attempt to cheat on FINRA administered examinations. To learn more about logistics and protocols for your exam day, please see On The Day of Your Exam.
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