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The Series 7 exam, also known as the General Securities Representative Exam (GSRE), is a test for registered representatives. The Financial Industry Regulatory Authority (FINRA) administers the exam. In the United States, stockbrokers take this test to get a license to trade.
Video Series 7 exam
Structure
The Series 7 is a six-hour exam. It is held in two three-hour sessions. There are 260 questions on the test, 250 of which count toward the final score. Candidates have to score at least 72 percent to pass.
The Series 7 exam tests candidates on five functions.
In order to take the exam, an individual must be sponsored by a member firm of either FINRA or a self-regulatory organization (SRO).
Maps Series 7 exam
Registration costs
As of July 2017, the registration cost is $305.
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See also
- List of securities examinations
- Investment Company Products/Variable Life Contracts Representative Exam (Series 6)
- Uniform Securities Agent State Law Examination (Series 63)
- General Securities Principal Exam (Series 24)
- U.S. Securities and Exchange Commission
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References
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External links
- Financial Industry Regulatory Authority
- FINRA Registration and Examination Requirements
Source of article : Wikipedia
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