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Reference: https://www.finra.org/registration-exams-ce/qualification-exams/series7
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| Section | Weight | Objectives |
|---|---|---|
| Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives | 9% | - Customer information collection - Account documentation and regulatory compliance - Determining investment suitability - Types of accounts and ownership structures |
| Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records | 73% | - Investment company securities and variable contracts - Debt securities and government obligations - Direct participation programs - Municipal securities - Taxation and regulatory rules - Characteristics of equity securities - Options and derivative products - Portfolio analysis and risk management |
| 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 |
| Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions | 11% | - Recordkeeping and reporting requirements - Trade settlement and confirmation - Handling errors and discrepancies - Order types and execution procedures |
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