Wiley - Wiley FINRA Series 7 Exam Review 2017: The General Securities Representative Examination

This series includes the following titles:

Wiley Series 3 Exam Review 2017 + Test Bank: National Commodities Futures Examination

Wiley Series 4 Exam Review 2017 + Test Bank: The Registered Options Principal Examination

Wiley Series 6 Exam Review 2017 + Test Bank: The Investment Company and Variable Contracts Products Representative Examination

Wiley Series 7 Exam Review 2017 + Test Bank: The General Securities Representative Examination

Wiley Series 9 Exam Review 2017 + Test Bank: The General Securities Sales Supervisor ExaminationOption Module

Wiley Series 10 Exam Review 2017 + Test Bank: The General Securities Sales Supervisor ExaminationGeneral Module

Wiley Series 24 Exam Review 2017 + Test Bank: The General Securities Principal Examination

Wiley Series 26 Exam Review 2017 + Test Bank: The Investment Company and Variable Contracts Products Principal Examination

Wiley Series 57 Exam Review 2017 + Test Bank: The Securities Trader Examination

Wiley Series 62 Exam Review 2017 + Test Bank: The Corporate Securities Representative Examination

Wiley Series 63 Exam Review 2017 + Test Bank: The Uniform Securities State Law Examination

Wiley Series 65 Exam Review 2017 + Test Bank: The Uniform Investment Adviser Law Examination

Wiley Series 66 Exam Review 2017 + Test Bank: The Uniform Combined State Law Examination

Wiley Series 99 Exam Review 2017 + Test Bank: The Operations Professional Examination

For more on this series, visit the website at www.efficientlearning.com/finra.

The Securities Institute of America, Inc.

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Copyright 2017 by The Securities Institute of America, Inc. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Previous editions published by The Securities Institute of America, Inc.
Published simultaneously in Canada.

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ISBN 978-1-119-37975-1 (Paperback)
ISBN 978-1-119-40004-2 (ePDF)
ISBN 978-1-119-40003-5 (ePub)

Congratulations! You are on your way to becoming a registered representative licensed to conduct business in all general securities. The Series 7 exam will be presented in a 250-question, multiple-choice format. The test will be divided into two three-hour sessions. Each candidate will have a total of six hours in which to complete the exam. A score of 72 percent or higher is required to pass. Once the first three-hour 125-question session is completed, the candidate must take at least a 30-minute break and will not have the opportunity to go back and review the questions from the first session.

The Series 7 is as much a knowledge test as it is a reading test. The writers and instructors at The Securities Institute have developed the Series 7 textbook, exam prep software, and videos to ensure that you have the knowledge required to pass the test and to make sure that you are confident in the application of the knowledge during the exam.

Important Exam Note

The Series 7 exam may use the term specialist, designated market maker (DMM), or both to describe a member of the NYSE responsible for maintaining a fair and orderly market in a security. Test-takers are advised to be aware of this and to treat the two terms as interchangeable.

The Series 7 exam is presented in multiple-choice format on a touch screen computer known as the PROCTOR system. No computer skills are required, and candidates will find that the test screen works in the same way as an ordinary ATM machine. Each test is made up of 250 questions that are randomly chosen from a test bank of thousands of questions. Each Series 7 exam will have several practice questions that do not count towards the final score. The test has a time limit of six hours and is designed to provide enough time for all candidates to complete the exam. Each Series 7 exam contains questions that focus on five critical job functions performed by Series 7 registered representatives. In order to successfully complete the Series 7 exam, you will need a full understanding of the activities and knowledge required to perform these job functions as well as a complete understanding of the rules that regulate these job functions. The Series 7 exam will be made up of questions from the following areas: