FINRA General Securities Representative Examination (GS) : Series7

  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Aug 24, 2026
  • Q & A: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

SectionObjectives
Job Functions Overview- Function 2: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile
  • 1. Determines investment objectives, risk tolerance, and financial situation
    • 2. Ensures compliance with suitability and regulatory requirements
      - Function 3: Provides Customers with Information About Investments and Makes Suitable Recommendations
      • 1. Explains characteristics, risks, and features of investment products
        • 2. Weight: ~73% of exam content
          • 3. Recommends equities, debt instruments, mutual funds, ETFs, options, and variable products
            - Function 1: Seeks Business for the Broker-Dealer
            • 1. Opens accounts after obtaining and evaluating customer financial information
              • 2. Identifies investment opportunities and solicits new clients
                - Function 4: Processes Orders and Maintains Appropriate Records
                • 1. Maintains required documentation and recordkeeping standards
                  • 2. Weight: ~11% of exam content
                    • 3. Executes trades in accordance with customer instructions and regulations

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      Question 1

                      If a mutual fund has invested its assets by allocating about one-third each for bonds, preferred stocks, and
                      common stocks, it is identified as:

                      A. an income fund
                      B. a unit investment trust fund
                      C. a balanced fund
                      D. a specialized fund


                      Question 2

                      The FINRA Conduct Rules permit a transaction made "seller's option" to be delivered earlier than the
                      expiration of the contract if:

                      A. the client requests it
                      B. the buyer is a non-clearing member
                      C. the buyer is given one day notice in writing
                      D. the seller is located in New York City


                      Question 3

                      A NYSE floor member executing an order for a public customer asks the specialist in the stock to
                      guarantee a price while giving the customer an opportunity to obtain a better price. This procedure is
                      known as:

                      A. stopping stock
                      B. a stop order
                      C. a special deal
                      D. floor protection


                      Question 4

                      Which of the following must be true in order for an offering to qualify as an intrastate offering under Rule
                      1 47?

                      A. all of the above are required
                      B. 80% of the corporation's revenue must be earned in that state
                      C. 80% of the proceeds of the offering must be used in that state
                      D. 80% of the corporation's assets must be located in that state


                      Question 5

                      Which of the following is not usually an additional function of a mutual fund's custodial bank?

                      A. dividend disbursing agent
                      B. registrar
                      C. transfer agent
                      D. investment advisor


                      Solutions:

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

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