FINRA General Securities Representative Examination (GS) : Series7

FINRA Series7 Actual PDF
  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Aug 09, 2026
  • Q & A: 400 Questions and Answers
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About FINRA Series7 Exam

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FINRA Series7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: 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
Topic 2: Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Investment products
  • 1. Debt securities
  • 2. Options
  • 3. Municipal securities
  • 4. Government securities
  • 5. Investment companies and variable products
  • 6. Direct participation programs
  • 7. Equity securities
- Customer recommendations and transactions
  • 1. Portfolio and risk considerations
  • 2. Suitability and best interest obligations
  • 3. Asset transfers and record maintenance
Topic 3: Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions7%- Trade execution and settlement
  • 1. Settlement and confirmations
  • 2. Trade processing
  • 3. Order handling
  • 4. Books and records requirements
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 Bubba Fund is a load mutual fund that offers a reinvestment plan. What does this mean?

A) purchasers of fund shares must agree to make regular investments over a period of years
B) no federal income taxes are paid on dividends and capital gain distributions from the fund
C) holders of fund shares are permitted to regularly purchase additional shares at the bid price
D) income, dividend, and capital gain distributions may be automatically used to purchase new shares of
the fund


2. FINRA advertising standards permit a dealer to state that a CMO has an implied AAA rating if the
securities are issued:

A) in amounts less than $1,000,000
B) with an average life no longer than ten years
C) by a US government agency
D) by a private issuer who has not yet received an expected AAA rating


3. Municipal bonds would be least attractive as an investment for which of the following?

A) an insurance company
B) the executive officer of an industrial corporation in the highest income tax bracket
C) a pension fund
D) a commercial bank


4. Prospective bidders for a municipal bond being issued should consult what document for relevant
procedures?

A) the Eastern account agreement
B) the official notice of sale
C) the SEC Registration Statement
D) the offering circular


5. Who owns a corporation?

A) the owners of debentures
B) the government
C) the holders of common stock
D) the holders of common stock and the holders of preferred stock


Solutions:

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

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