FINRA Series7 : General Securities Representative Examination (GS)

  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Jul 30, 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. Settlement and confirmations
  • 2. Order handling
  • 3. Books and records requirements
  • 4. Trade processing
Topic 2: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives11%- Customer accounts and documentation
  • 1. Suitability and customer profile
  • 2. Customer identification requirements
  • 3. Account types and registrations
Topic 3: Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Customer recommendations and transactions
  • 1. Portfolio and risk considerations
  • 2. Asset transfers and record maintenance
  • 3. Suitability and best interest obligations
- Investment products
  • 1. Government securities
  • 2. Equity securities
  • 3. Options
  • 4. Debt securities
  • 5. Direct participation programs
  • 6. Municipal securities
  • 7. Investment companies and variable products
Topic 4: Seeks Business for the Broker-Dealer from Customers and Potential Customers9%- Customer acquisition and prospecting
  • 1. Business development activities
  • 2. Communications with the public

FINRA General Securities Representative Examination (GS) Sample Questions:

1. The principal underwriter of an open-end investment company is frequently called:

A) participating investment advisor
B) sponsor
C) selling group member
D) investment counselor


2. In considering the fairness of a firm's markup, the FINRA considers:

A) amount of the transaction
B) financial condition of the client
C) dealer cost for the security
D) profitability of the member firm


3. Which of the following is not a characteristic of treasury bills?

A) they mature one to three years from the date of issuance
B) their payments are exempt from state income tax
C) they are quoted on yield-to-maturity percentages
D) the bid price is higher than the offer price


4. According to FINRA Conduct Rules, a party judged guilty of a rule infraction by the District Business
Conduct Committee may then appeal to:

A) the FINRA Board of Arbitration
B) the SEC
C) the public court system
D) the FINRA Board of Governors


5. Assuming that the information contained in a registration statement is complete and accurate, the
registration statement becomes effective:

A) 30 days after receipt by the SEC
B) 20 days after receipt by the SEC
C) 10 days after receipt by the SEC
D) only after the SEC specifically clears the issue in writing to the principal underwriter


Solutions:

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

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