2023 Series 7 No-Fluff Study Guide with Practice Test Questions and Answers (ePub)

About the Book

Are you looking to ace your Series 7 exam in one sitting? Or are you seeking to practice the different Series 7 exam questions? If that is the case, this is the right guide.

The Series 7 exam is a follow-up test that must be passed in addition to the Securities Industry Essentials exam to register as a General Securities Representative. This guide serves as the essential reference you need to assist you through your preparation and what to expect. It covers all you need to know to get a pass mark of 72 percent, including what Series 7 is all about, who administers the exam, how to register for the exam, options, municipal funds, securities, tips and tricks, and of course, more than 300 test questions and answers.

The Series 7 exam is no easy walk; it consists of 125 questions and must be completed in three hours and 45 minutes. However, the test questions give you a glimpse of what to expect and can help you prepare adequately.

Here are some important topics covered in this guide:

• What FINRA Series 7 Entails
• Meaning of Investment Bank
• Who employs FINRA Series 7 Professionals?
• The New Official FINRA Exam Setup
• What you can do with a FINRA Series 7 License
• Prerequisite for Series 7 Exam Eligibility
• Other Licensing Dependent on Series 7
• Proof of Series 7 Passing
• Changes in Series 7 Exam Length, Time, and Cost
• Role of a FINRA Series 7 License
• What is Equity Research?
• The function of Equity Research
• Starting with the Fundamentals: Common Stock
• Municipal Bonds: Local Government Securities
• Managing your debt
• Collecting taxes, fees, and penalties
• Over-the-counter negotiations of transactions
• OTC market makers
• Non-NASDAQ securities
• Understanding the Function of a Broker-Dealer
• Ten Exam Series 7 Pitfalls to Avoid
• Ways to Begin Your Career Successfully
• Benefits of FINRA Exam and Registration
• Exams for Qualification & Waivers
• Exam-related conduct and confidentiality
• Series 7 Frequently Asked Questions
• And Lots more