FINRA General Securities Representative Examination (GS) : Series7

  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Aug 25, 2026
  • Q & A: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions7%- Trade execution and settlement
  • 1. Books and records requirements
  • 2. Order handling
  • 3. Settlement and confirmations
  • 4. Trade processing
Topic 2: Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Customer recommendations and transactions
  • 1. Suitability and best interest obligations
  • 2. Portfolio and risk considerations
  • 3. Asset transfers and record maintenance
- Investment products
  • 1. Government securities
  • 2. Equity securities
  • 3. Debt securities
  • 4. Municipal securities
  • 5. Options
  • 6. Investment companies and variable products
  • 7. Direct participation programs
Topic 3: Seeks Business for the Broker-Dealer from Customers and Potential Customers9%- Customer acquisition and prospecting
  • 1. Communications with the public
  • 2. Business development activities
Topic 4: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives11%- Customer accounts and documentation
  • 1. Account types and registrations
  • 2. Suitability and customer profile
  • 3. Customer identification requirements

FINRA General Securities Representative Examination (GS) Sample Questions:

Question 1

Bubba and his wife, Bubbette, maintain a joint account with a brokerage firm as "joint tenants in common".
Bubbette calls a registered representative at the brokerage and places an order to sell 100 shares of XYZ,
which is long in the account. Which of the following statements is correct about this order?

A. it may be entered
B. it must be approved by an officer of the brokerage prior to entry
C. it may be entered only after confirming with Bubba
D. the order may not be accepted


Question 2

Which of the following oil and gas programs does not directly involve drilling?

A. income
B. exploratory
C. balanced
D. developmental


Question 3

Call loans made by banks to broker/dealers are generally for the purpose of which of the following?

A. meeting operating expenses
B. expansion of office facilities
C. financing securities held in inventory
D. carrying margin accounts


Question 4

Which of the following have a stated interest rate on the face of the certificates?

A. treasury bonds
B. both B and C
C. treasury notes
D. treasury bills


Question 5

Which of the following securities provides the longest term of option privilege?

A. puts
B. rights
C. warrants
D. calls


Solutions:

Question 1
Answer: A
Question 2
Answer: A
Question 3
Answer: D
Question 4
Answer: B
Question 5
Answer: C

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