What To Know About The Series-7 Security Exam

Getting a job in the investment field will prove to be very beneficial. Once you’ve acquired this type of job, you’ll be able to earn a lot of money. On top of that, you’re going to go help someone secure their future. You can work with ordinary consumers, small businesses, or major corporations. The possibilities are endless. However, you need to realize that you have to jump through several hoops before you can begin serving the public. For instance, you will need to pass exams and acquire certifications. Below, you’re going to learn more about the Series-7 security exam.

What Its About

First and foremost, it would be wise to learn about this exam and its purpose. The General Securities Representative Qualified Exam or GS is designed to determine whether or not you can perform your job. Individuals who are interested in becoming a general securities representative will need to take and pass the exam. If you’re qualified and competent, you will be able to pass the exam without too much trouble. The exam will test your ability to perform the basic duties of a general securities representative.

For instance, you will need to handle sales of variable annuities, investment company securities, corporate securities, and so much more. Passing the test and getting registered will prove to be very beneficial.

GS Representative Registration

There is a good chance that you’re interested in becoming a registered general securities representative. Before you can do that, you will need to jump through a handful of hurdles. You’ll need to pass the Series 7 exam. Once you’ve done that, you’ll need to take the SIE or Securities Industry Essential exam. If you pass both tests, you will be able to register as a general securities representative. It is pertinent to do your best to pass on the first attempt.

This will ensure that you can begin serving the public as soon as possible. Take your time and study for the test before scheduling an appointment.

What You Can Do

Once you’ve passed this test, you can register as a qualified general securities representative. After that, you’ll be able to perform many tasks. For instance, you can get involved in public offerings, private placements, mutual funds, venture capital opportunities, hedge funds, and so much more. The test is extensive and tough. In total, the test contains 135 questions and you’ll want to answer as many as possible. Before scheduling a test date, you should study thoroughly to ensure that you can pass the Series-7 examination on the first attempt.

Length Of Test

Before you schedule to take the exam, you need to know how long the testing session lasts. All participants have up to four hours to complete the exam. You will have 135 questions to answer. The questions are broken down into several categories, including Broker-Dealer, Opens Accounts, Investments, and Sales agreements. Each category takes up a specific percentage of the test. For example, the Broker-Dealer category is seven percent of the test and Opens Accounts is nine percent.

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