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Reference: https://www.finra.org/registration-exams-ce/qualification-exams/series7
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FINRA Series-7 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions | 11% | - Handling errors and discrepancies - Recordkeeping and reporting requirements - Trade settlement and confirmation - Order types and execution procedures |
| Topic 2: Seeks Business for the Broker-Dealer from Customers and Potential Customers | 7% | - Regulatory requirements for communications with the public - Identification of potential customers - Prospecting and sales practices |
| Topic 3: Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records | 73% | - Investment company securities and variable contracts - Municipal securities - Direct participation programs - Debt securities and government obligations - Characteristics of equity securities - Portfolio analysis and risk management - Taxation and regulatory rules - Options and derivative products |
| Topic 4: Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 9% | - Account documentation and regulatory compliance - Customer information collection - Types of accounts and ownership structures - Determining investment suitability |
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