Series 7 Exam Information



This exam is administered by The Financial Industry Regulatory Authority (FINRA) and provides an individual with the qualifications necessary in order to make different types of trades with all types of corporate securities, except commodities and futures. It is also one of the steps necessary in order for a member firm associate to register with FINRA. The Series 7 exam must be passed in order to take many other principal exams offered by FINRA.

Time Limit: 6 Hours (the exam is broken into two parts, each has a time limit of 3 hours)

Number of Questions: 260 total. 125 for each part, and 10 pre-test questions that do not count towards the exam grade (and are not indicated in the exam).

Passing Score: 70%

Format: Multiple Choice

Enrollment Fee: $250 US. This includes a $110 examination enrollment fee, and a $ 90 NYSE development fee. Please visit the NASD Registration / Exam Fee Schedule for more information.

Prerequisites: You must be sponsored by a firm who is a member of the NASD or is a Self Regulatory Organization (SRO).

Corequisites: N/A

Exam Date(s): Any weekday

Exam Locations: Find your U.S. or international exam center Clcik Here

Official Exam Website: www.finra.org

Study Materials From The Securities Institute of America, Inc.

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