Series 7 Exam

The Series 7 exam, also known as the General Securities Representative Exam (GSRE), is a test for registered representatives. The Financial Industry Regulatory Authority (FINRA) administers the exam. In the United States, take this test to get a license to trade.

The Series 7 is a six-hour exam. It is held in two three-hour sessions. There are 260 questions on the test, 250 of which count toward the final score. Candidates have to score at least 72 percent to pass.

The Series 7 exam tests candidates on five functions.

In order to take the exam, an individual must be sponsored by a member firm of either FINRA or a self-regulatory organization (SRO).

As of April 2015, the registration cost is $305.

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