FINRA Series7 : General Securities Representative Examination (GS)

  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Jul 16, 2026
  • Q & A: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

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

FINRA General Securities Representative Examination (GS) Sample Questions:

1. When an index option is exercised, settlement is made by:

A) delivery of a futures contract
B) any of the above
C) delivery of the underlying securities
D) cash


2. Crossover is best defined as:

A) the profit of limited partners exceeding profit of general partners
B) the fact that there are more general partners than limited partners
C) the point at which income exceeds deductions
D) the point at which the program becomes profitable


3. Which of the following is identified as a funded debt instrument?

A) corporate bond
B) US treasury bond
C) Series EE savings bond
D) Fannie Mae bond


4. In the distribution of a new issue underwriters or selling group member are prohibited from:

A) selling to the public at the so-called public offering price
B) all of the above
C) selling to another broker or dealer who needs to fill an accommodation order
D) withholding blocks of a new issue in the member's account


5. In terms of depletion, percentage depletion is better than cost depletion because it:

A) permits recovery of more than the original cost
B) is limited to production
C) is not subject to recapture
D) is more widely available


Solutions:

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

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