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Finra Series-7 Exam Questions
- Topic 1: Seeks Business for the Broker-Dealer from Customers and Potential Customers: This section covers the candidate’s ability to generate business for a broker-dealer by contacting and engaging with current and potential customers using various methods such as in-person interactions, telephone, mail, and electronic communications. It also reviews the candidate’s understanding of marketing requirements, regulatory standards for public communications, and the proper handling of promotional materials. This section of the exam measures the abilities of sales professionals in generating business for broker-dealers.
- Topic 2: Function 2: Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives: In this section, the exam evaluates how candidates gather and assess customer information to open accounts. It focuses on understanding different account types, the documentation required for account registration, and the process of updating customer financial profiles and legal documents. The material emphasizes regulatory disclosures and procedures for handling retirement plans and tax-advantaged accounts. This section assesses the capabilities of client account managers in understanding and evaluating customers' financial needs.
- Topic 3: Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records: This part of the exam tests a candidate’s proficiency in advising clients by providing detailed information on investment strategies, risks, and rewards. It reviews fundamental and technical analysis, portfolio management principles, and the communication of market trends and investment performance. Additionally, it covers the importance of proper recordkeeping and the disclosure of investment risks and costs. This section evaluates the expertise of investment advisors in communicating and managing customer investments.
- Topic 4: Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions: This section focuses on the operational aspects of executing customer transactions. It examines the candidate’s knowledge of order types, trade execution, and the processing of purchase and sale instructions. It also includes an overview of margin account requirements, order confirmation procedures, and the resolution of discrepancies or disputes. This section tests the proficiency of trading operations specialists in processing and verifying transactions.
Free Finra Series-7 Exam Actual Questions
Note: Premium Questions for Series-7 were last updated On May. 06, 2026 (see below)
A tax-free rollover of assets between qualified retirement plans for the benefit of a specific individual is permitted so long as it is accomplished within:
60 days. ERISA permits 60 days for rollovers.
Bubba buys $100,000 of US Treasury 10 s of 31 on margin. If the current market price is 92.16, what is Bubba's minimum deposit requirement?
$5,500. The NYSE maintenance requirements on obligations of the US treasury vary depending upon the term of the instrument. For 20-year bonds, the requirement is 6% of the market value. Multiplying the market value of $92,500 by 6% equals $5,500.
Which of the following is a benefit of Section 8 low-income housing partnerships?
low risk. The low risk is a consequence of the government guarantee or subsidy.
Which of the following is an analyst most likely to classify as a defensive issue?
the common stock of a utility company. The term ''defensive issue'' refers to a security that is least susceptible to swings in the business cycle.
To accommodate a customer's order to buy an over-the-counter stock, a broker/dealer is permitted to:
all of the above. All of the choices are normal ways for the broker to fill the customer's order.
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