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Open free Series 7 prep resources ↗Exam facts & prep options
General Securities Representative Qualification Examination (Series 7)
The Series 7 exam is the FINRA qualification exam that assesses the competency of an entry-level General Securities Representative; together with the Securities Industry Essentials (SIE) co-requisite exam it qualifies a candidate for General Securities registration.
Official exam siteJump to prep options ↓
Questions125 scored questions plus 5 unscored pretest items (130 total)
Testing time3 hours 45 minutes
ScoringPassing score of 72
Exam feeUSD 395
Prep options
Study resources for Series 7
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Exam overview
What to know before choosing your prep
- Who runs it
- FINRA
- Category
- Securities Licensing
- Current version
- 2025 Series 7 content outline
- Where it applies
- United States — national
- Exam languages
- English
- Testing provider
- Prometric
- Format
- Multiple choice; computer-delivered at a Prometric test center (online delivery available only with an approved accommodation)
- Availability
- By appointment at Prometric test centers; the exam must be taken within a 120-day enrollment window posted after firm enrollment
- Remote testing
- Not available
Exam structure
125 scored multiple-choice items (four answer choices each) across four major job functions: Seeks Business for the Broker-Dealer from Customers and Potential Customers (9 items, 7%); Opens Accounts after Obtaining and Evaluating Customers' Financial Profile and Investment Objectives (11, 9%); Provides Customers with Information about Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records (91, 73%); Obtains and Verifies Customers' Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions (14, 11%).
Eligibility
Candidate must be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO); the Securities Industry Essentials (SIE) exam is a corequisite that must also be passed for General Securities Representative registration
Retake policy
30-day waiting period after the first and second failed attempts; 180-day waiting period after the third and each subsequent attempt (FINRA states this waiting period is the same as for its other exams)