The Series 7 exam — the General Securities Representative Qualification Examination (GS) — assesses the competency of an entry-level registered representative to perform their job as a general securities representative.
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a general securities representative, including sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options and government securities.
Content Outline
The Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four major job functions of a general securities representative. The table below lists the allocation of exam items for each major job function.
| Major Job Functions | Number of Exam Items |
|---|---|
| (F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers | 9 |
| (F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profiles and Investment Objectives | 11 |
| (F3) Provides Customers with Information about Investments, Makes Recommendations, Transfers Assets, and Maintains Appropriate Records | 91 |
| (F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions | 14 |
| TOTAL | 125 |
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