FINRA General Securities Representative Examination (GS) : Series7

  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Sep 02, 2026     Q & A: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

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

FINRA General Securities Representative Examination (GS) Sample Questions:

Question 1

Bubba is a registered representative who wishes to buy shares of a new issue his firm is distributing.
Under FINRA Conduct Rules, Bubba may:

A. do so if he has a history of buying hot issues
B. not do so for his own account, buy may purchase shares for his sister's account
C. do so if his allotment is insubstantial and not disproportionate to public orders
D. not do so under any circumstance


Question 2

Bubba Corporation issued bonds that pay interest on January 15 and July 15 each year until maturity. An
investor purchasing these bonds on Monday, April 12, must pay the contract price plus accrued interest
for:

A. 90 days
B. 89 days
C. 93 days
D. 87 days


Question 3

Bubba Brokerage Corporation announces through its wire system that it has a large block of stock for sale.
Customers purchasing the stock will not pay a commission. The block is crossed on the NYSE floor and is
printed on the NYSE tape. This is called a:

A. specialist block purchase
B. exchange distribution
C. special order
D. secondary distribution


Question 4

Bubba is buying a Federal Home Loan Bank issue that is offered at 95.22. How much will he pay to
purchase one bond?

A. $956.88
B. $95.22
C. $951.63
D. $952.20


Question 5

Bubba owns a perpetual warrant to buy one share of Internet Corporation common stock at $30. Internet
Corporation stock is trading at 41.50 and is ex-dividend today at $0.75. What is the market value of
Bubba's warrant?

A. cannot be determined from this information
B. 5.62
C. 5.38
D. 5.75


Solutions:

Question 1
Answer: D
Question 2
Answer: A
Question 3
Answer: B
Question 4
Answer: A
Question 5
Answer: A

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