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Last Updated: Oct 24, 2026

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FINRA Series7 Practice Q&A's

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FINRA Series7 Exam Syllabus Topics:

SectionWeightObjectives
Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions11%- Regulatory requirements for transaction processing
- Order types and execution procedures
- Trade settlement and confirmation rules
Seeks Business for the Broker-Dealer from Customers and Potential Customers7%- Product-specific disclosures and regulatory requirements
- Standards for advertising and public communications
- Customer communication and solicitation rules
Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Recordkeeping and regulatory reporting
- Equity securities
- Municipal securities
- Debt securities and government obligations
- Direct participation programs
- Investment companies, ETFs, and variable annuities
- Margin accounts and taxation
- Options and derivative products
Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives9%- Suitability rules and regulatory compliance
- Account types and documentation requirements
- Financial profile, risk tolerance, and investment objectives

Your FINRA Series7 Exam Questions, Answered

The FINRA Series7 exam, officially titled General Securities Representative Examination (GS), is the required test for earning the General Securities Representative Qualification certification, a credential at the Entry / Representative Level level. Passing it validates the skills FINRA expects from certified professionals, and it can also support progress toward related credentials such as Securities Industry Essentials (SIE), Series 6, Series 63, Series 65, Series 66.

The Series7 exam includes 125 scored + 5–10 unscored pretest questions, and you have 225 minutes to complete it. Before exam day, divide the available time by the question count so you know the pace you need to hold, and practice flagging time-consuming items for review instead of stalling on a single question. Timed sessions in the SurePassExams test engine are the easiest way to build that rhythm before it counts.

You need 72% to pass the Series7 exam, and the official registration fee is $395 USD. Keep in mind that a failed attempt means paying that fee in full again for a retake, so avoid booking your seat on a hunch. Work through the SurePassExams practice test until your scores sit comfortably above the passing requirement before you schedule the exam.

FINRA asks candidates to meet the following requirement before registering: Must pass SIE exam; must be sponsored by a FINRA/SRO member firm. Exam policies do change, so confirm the latest details on the official exam page at https://www.finra.org/registration-exams-ce/qualification-exams/series7 before you book.

You can book your seat through the official registration channels below:

The Series7 exam is delivered in the following format: Computer-based testing at authorized Pearson VUE or Prometric test centers.

FINRA recommends the following official training for this exam:

A course builds the theory; practice turns it into exam-day performance. Once you finish a class, the 400 practice questions from SurePassExams show you how the same knowledge appears in exam-style items.

Yes. SurePassExams offers a free PDF demo of the FINRA General Securities Representative Examination (GS) practice questions, so you can judge the quality and format before purchasing. After you buy, your purchase includes 365 days of free updates; if the product expires after that period, you can extend the update service at a 50% discount from your member zone.

Every SurePassExams order is covered by a 100% Money Back Guarantee. If you take the corresponding Series7 exam within 60 days of purchase and do not pass, send a scan of your exam enrollment slip together with your official Score Report PDF within two days of the exam date, and your claim will be processed within seven days. The candidate name must match the payer name, and the guarantee does not apply if you take the exam within three days of purchase, if you downloaded the product but never took the exam, or to free materials and expired orders. If you would rather have fresh material than a refund, you can exchange your purchase for two additional exam products of equal value at no cost and keep the update service on your original product. Delivery itself is instant: your download is available right after payment and a copy is emailed to you within one minute — if nothing arrives within two hours, contact our support team. You may install the software on as many computers as you need.

The FINRA General Securities Representative Examination (GS) exam is organized into 4 major domains. Some of the key domains include:

  • Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives, accounting for 9% of the exam
  • Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records, accounting for 73% of the exam
  • Obtains and Verifies Customers’ Purchase and Sales Instructions; Processes, Completes and Confirms Transactions, accounting for 11% of the exam

Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.

FINRA General Securities Representative Examination (GS) Sample Questions:

Question #1

In stabilizing a new issue, the manager may make a "syndicate penalty bid". This means that:

  • A. the underwriter will be penalized his profit on any securities repurchased from his clients
  • B. any shares repurchased are added to the treasury stock of the issuing corporation
  • C. the manager will charge the syndicate the value of the shares
  • D. all stock purchased will be returned to the issuing corporation
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

Bubba buys one XYZ November 65 call at $3 and one XYZ November 65 put at $2. XYZ is trading at $72.
The put expires and the call is closed at its intrinsic value. What is the resulting profit?

  • A. $300
  • B. $700
  • C. $500
  • D. $200
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

Service charges by a FINRA dealer for transfer and safekeeping of customer securities held in street
name:

  • A. may not be levied unless there is no trading in the account for more than six months
  • B. may not be levied under FINRA Conduct Rules
  • C. may be levied only if the charge if fair, reasonable, and non-discriminatory
  • D. may be levied only if the security has a value of less than $5,000
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

Which of the following does not issue debt securities that trade in the open market?

  • A. Fannie Mae
  • B. Federal Land Banks
  • C. Freddie Mac
  • D. Federal Reserve Banks
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

A call option is in the money when the market value of the underlying stock is:

  • A. the same as the strike price of the option
  • B. lower than the strike price of the option
  • C. higher than the strike price plus the premium
  • D. higher than the strike price of the option
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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