FINRA Series7 - General Securities Representative Examination (GS)
- Exam Code: Series7
- Exam Name: General Securities Representative Examination (GS)
- Updated: Jul 26, 2026
- Q & A: 400 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Obtains and Verifies Customers' Purchase and Sale Instructions and Agreements; Processes, Completes and Confirms Transactions | 7% | - Trade execution and settlement
|
| Topic 2: Seeks Business for the Broker-Dealer from Customers and Potential Customers | 9% | - Customer acquisition and prospecting
|
| Topic 3: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives | 11% | - Customer accounts and documentation
|
| Topic 4: Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records | 73% | - Customer recommendations and transactions
|
1. A wealth investor gives Bubba discretion to invest $50,000 for him in any way Bubba sees fit. Therefore,
Bubba must:
A) conform to the prudent man requirements in that state
B) a registered representative with the SEC under the Investment Advisors Act of 1940
C) be registered with the NYSE and FINRA as a representative
D) furnish written documents of authority to the brokerage firm executing the orders
2. How much currency is one mil worth?
A) one-tenth of $100
B) one-tenth of one cent
C) one-tenth of $1,000
D) one-tenth of $1
3. Under what circumstances may a municipal securities dealer guarantee a customer against loss in market
value of bonds?
A) only if the bonds are rated AAA or Aaa
B) only if the agreement is in writing
C) under no circumstances
D) only if the bonds are insured
4. 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
5. Mutual fund salespersons may not represent that a product is like of safer than:
A) a fixed annuity
B) an insurance policy
C) a corporate debt instrument
D) all of the above
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: D |
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