About the Series 7
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About the Series
7
Registered Representative
Stockbroker
This is the
NASD/NYSE exam required by most broker-dealers for their
registered representatives.
The
exams
cover:
Stocks, Debt
Securities, Investment Banking, Securities Markets, Taxes, Securities Analysis,
Self Regulatory Organizations (SRO’s), Mutual Funds and Investment Companies,
Annuities, Margin, Options, Money Market Instruments, Direct Participation
Programs and Municipal Securities.
No Prerequisite
The test is made up of 260 multiple-choice questions of which 10 are
experimental. Each student will be
given a total of 6 hours for the exam (3 hours for each half).
| Series
7 Breakdown |
#
of Questions |
| Seeking
business through customers and potential customers |
9 |
| Evaluating
customer's needs and objectives |
4 |
| Providing
customers with information on investments and making suitable
recommendations |
123 |
| Opening
and closing customer accounts and keeping accurate records |
27 |
| Explains
the different securities markets, participants and factors that affect
them |
53 |
| Obtains
and verifies the customer's purchase and sale instructions, enters the
order for the customer and follows up on the completion of the transaction |
13 |
| Monitors
the customers portfolio and makes recommendations based on economic and
financial conditions |
21 |
| Total
questions |
250 |
Courses and
Books
