The FINRA General Securities Representative Series 7 exam is about to change and the passing score will increase from 70 to 72! While the exam outline is longer (47 pages vs. the current 40) and is divided into five major categories, rather than the current seven, it appears that the most significant change may be the increase in the passing score. These changes will take effect for anyone taking the exam on or after November 7, 2011.
Jeremy Solomon, President of Solomon Exam Prep, recommends that “anyone considering taking the Series 7 do so ASAP, before the changes take effect and, like the Series 63, 66 and 65 last year, it becomes more difficult to pass this important securities licensing exam.”
To look at FINRA’s newly published outline for the Series 7 to take effect on November 7, 2011, please click here!