Exam Code: Series7
Exam Name: General Securities Representative Examination (GS)
Certification Provider: FINRA
Corresponding Certification: FINRA Certification
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FINRA Series7 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Options and derivative products
- Investment companies, ETFs, and variable annuities
- Debt securities and government obligations
- Equity securities
- Direct participation programs
- Recordkeeping and regulatory reporting
- Municipal securities
- Margin accounts and taxation
Topic 2: Seeks Business for the Broker-Dealer from Customers and Potential Customers7%- Standards for advertising and public communications
- Customer communication and solicitation rules
- Product-specific disclosures and regulatory requirements
Topic 3: Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives9%- Financial profile, risk tolerance, and investment objectives
- Suitability rules and regulatory compliance
- Account types and documentation requirements
Topic 4: Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions11%- Order types and execution procedures
- Trade settlement and confirmation rules
- Regulatory requirements for transaction processing

FINRA General Securities Representative Examination (GS) Sample Questions:

Question 1

What expression is used to describe the application of income and revenues derived from the operation of
a facility financed from proceeds of a revenue bond?

A. revenue funding
B. disbursement of priorities
C. debt service
D. flow of funds


Question 2

Which of the following does not decrease basis?

A. income from extraordinary sources
B. losses
C. depletion of real property
D. cash or property paid out


Question 3

A mutual fund characterized by a modest sales charge and an investment in a fixed portfolio of municipal
securities is a:

A. face-amount certificate company
B. open-end or closed-end company
C. management company
D. unit investment trust company


Question 4

The minimum denomination for a US treasury bond is:

A. $100
B. $10,000
C. $100,000
D. $1,000


Question 5

In a securities underwriting a participating firm is said to be liable severally but not jointly. What is this type
of underwriting is called?

A. an Eastern account
B. an all or none offering
C. a best efforts offering
D. a Western account


Solutions:

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

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