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How much FINRA Series 7 Certification Exam cost

The Series 7 exam is officially known as the general exam of securities representatives. It is a highly regulated exam that must be taken in an official test center. The cost to take the test is at least $ 265, with some areas in charge a little more.

Reference: https://www.finra.org/registration-exams-ce/qualification-exams/series7

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FINRA Series-7 Exam Syllabus Topics:

SectionWeightObjectives
Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives9%- Types of accounts and ownership structures
- Determining investment suitability
- Customer information collection
- Account documentation and regulatory compliance
Seeks Business for the Broker-Dealer from Customers and Potential Customers7%- Regulatory requirements for communications with the public
- Identification of potential customers
- Prospecting and sales practices
Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%- Municipal securities
- Direct participation programs
- Options and derivative products
- Investment company securities and variable contracts
- Debt securities and government obligations
- Portfolio analysis and risk management
- Taxation and regulatory rules
- Characteristics of equity securities
Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions11%- Trade settlement and confirmation
- Order types and execution procedures
- Recordkeeping and reporting requirements
- Handling errors and discrepancies

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