- 400 exam questions with detailed explanations
- Study mode: get instant answers and useful explanation, study at your own pace; support sound effect
- Test mode: simulate the real exam experience, get detailed results and scoring;
- Test mode: review your exam questions with answers and explanations;
- Favorite mode: add any question to your favorite and simply focus on studying them is 10 times more efficient
- Settings: with flexibility to change font size, sound control, and the number of questions in your test
No data connection required, all data stored on device
In the United States, all individuals seeking to become a stockbroker must take the General Securities Representative Exam, commonly referred to as theSeries 7 or Stockbroker Exam. A passing grade is required in order to obtain the professional license needed to become a Registered Representative of abroker-dealer in the United States.
The exam is a six-hour, 260 question test (250 of which count towards the final score) that is owned, maintained and administered by the Financial Industry Regulatory Authority (FINRA, previously known as the NASD), which covers a broad range of investments including stocks, bonds, options, limited partnerships, and investment company products (e.g., open- and closed-end funds). As of November 7, 2011, candidate must answer at least 72% of the questions correctly in order to pass. Upon passing the test, one is granted a Series 7/General Securities license.
The Series 7 license is the most comprehensive of several securities licenses that permit an agent to communicate with retail investors. For this reason, many account managers, analysts, and other executives in the employ of a registered Broker/Dealer hold Series 7 licenses. To satisfy the securities dealing requirements of some states, Series 7 license holders must also hold either the Series 63 license or the Series 66 license, depending on the state the licensee works in as well as the state his/her clients reside in. To provide investment advice for a fee, a stockbroker or Series 7 holder is required to complete the investment advisor law exam.
Those who pass the exam become licensed with the FINRA and must maintain good standing and complete continuing education licensing requirements. Being licensed as a Series 7 or investment advisor does not mean that the licensee is certified or chartered with a professional designation such as PFS, CFP, CWM, CFA, or other financial designation. Further, having a professional designation does not mean that a person is licensed by the FINRA.
iMobiApp, the publisher of this product, is not affiliated with or endorsed by any testing organization. All organizational and test names are trademarks of their respective owners. The content of the application might include inaccuracies or typographical errors, for which the owner can not be held liable.
You are allowed to use this product only within the laws of your country/region. SharewareOnSale and its staff are not responsible for any illegal activity. We did not develop this product; if you have an issue with this product, contact the developer. This product is offered "as is" without express or implied or any other type of warranty. The description of this product on this page is not a recommendation, endorsement, or review; it is a marketing description, written by the developer. The quality and performance of this product is without guarantee. Download or use at your own risk. If you don't feel comfortable with this product, then don't download it.