Are you looking to become a broker? You will need a series 7. The Series 7 license is needed for all securities brokers. Previous to functioning within the area of corporate securities a person should first show to understand the material. This consists of items like stocks, municipal securities, options and other varieties of investments.
Successfully passing the series 7 test you acquire the label of GS, or General Securities Representative. You can now perform the duty of an agent and recommend clients on their financial investment wants. This is a major starting point in the financial community. From here you can move is all kinds of career directions.
The test itself consists of 260 multiple choice questions. The exam will last for 6 hours, but it's split up into 2 identical time sections. You will need a 70% to pass a series 7 exam.
The exam is priced at $265 for taking, and if you have to cancel at any time inside of two weeks of the test you will be slapped with another fee. You're able to schedule the exam at either Pearson or Prometric testing centres.
Once you successfully pass the Series 7, your license will continue to be effective provided that you are associated with a company of FINRA. However, when you leave your organization for more than 2 years, you will be required to retake your Series 7 Exam.
Make sure that you have an understanding of the content prior to when you take the test. Understand the subject material of the assessment, together with style of the problems. Be fully primed. Don't let the exam throw you any curve balls.
The largest part of the examination will be regarding providing customers and potential customers with details on investments and producing appropriate advice. So focus on this. It is close to half of the exam problems.
Successfully passing the series 7 test you acquire the label of GS, or General Securities Representative. You can now perform the duty of an agent and recommend clients on their financial investment wants. This is a major starting point in the financial community. From here you can move is all kinds of career directions.
The test itself consists of 260 multiple choice questions. The exam will last for 6 hours, but it's split up into 2 identical time sections. You will need a 70% to pass a series 7 exam.
The exam is priced at $265 for taking, and if you have to cancel at any time inside of two weeks of the test you will be slapped with another fee. You're able to schedule the exam at either Pearson or Prometric testing centres.
Once you successfully pass the Series 7, your license will continue to be effective provided that you are associated with a company of FINRA. However, when you leave your organization for more than 2 years, you will be required to retake your Series 7 Exam.
Make sure that you have an understanding of the content prior to when you take the test. Understand the subject material of the assessment, together with style of the problems. Be fully primed. Don't let the exam throw you any curve balls.
The largest part of the examination will be regarding providing customers and potential customers with details on investments and producing appropriate advice. So focus on this. It is close to half of the exam problems.
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This was just going over the basics. Go here if you want some more series 7 information. Good luck on your exam!
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