The Solomon Exam Prep Guide: Series 7—General Securities Representative Qualification Examination offers a no-nonsense guide to the Series 7 exam. With detailed explanations, visual study aids, and example questions, this Solomon Exam Prep guide will get you on track to passing the Series 7.
The Series 7 Exam Study Guide is available as an online digital study manual via your online student dashboard (requires Internet connection/not downloadable) or as a hard copy textbook (shipping & handling will apply).
Please note: the digital guide and hard copy guide contain the same content, however, this image is a PDF of the hard copy guide and the digital guide does not look exactly the same as this PDF of the hard copy. If you want this exact look, you must purchase the hard copy upgrade.
How do I register to take the Series 7?
To take the Series 7, a FINRA member firm must file a Form U4 application on your behalf through FINRA’s Central Registration Depository (CRD). There are no prerequisites to take the Series 7; however, you will have to get fingerprinted and answer a lengthy set of questions about your background.
What does the Series 7 qualify me to do?
A Series 7 license qualifies you to solicit, purchase, and/or sell all securities products, including corporate and municipal securities, options, direct participation programs, mutual funds, and variable contracts.
How long should I prepare for this exam?
We recommend studying 100 hours over a four- to eight-week period.
What score do I need to pass the exam?
A score of 72% is required for passing.
Note:Scores are rounded down to the lowest whole number, so a 71.9% would be a final score of 71%—not a passing score for the Series 7 exam.
How many questions are on the exam?
There are 250 scored and 10 unscored questions. The 10 unscored questions are randomly distributed, so test takers do not know which questions are not scored. The unscored questions are being tried out by the exam committee.
How long is the exam?
Six hours broken into two three-hour sessions. There is a mandatory minimum half-hour, maximum one-hour break between testing sessions.
Are there other FINRA exams I need to complete as a prerequisite to attempting the Series 7?
How much does the exam cost?
The cost of the exam is $305 at this writing.
If I stop working for my firm, how long will my Series 7 license remain active?
You will have two years between jobs before the license expires.
When you cease working for a firm, your employer will file a Form U5 to terminate your registration. Your next employer will file a Form U4, which will re-register you. As long as you do not exceed two years between employers, your Series 7 license will remain active.
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