Official exam: FINRA Series 7 (General Securities Representative)
Take a free Series 7 practice test online: a full 125-question paper with every answer explained, no sign-up, scored by topic. The full 500-question bank and the timed simulator are $14.99 for 30 days.
FINRA Series 7 (General Securities Representative): a 500-question bank of original practice questions written to the published exam content outline, 4 full papers of 125 questions each with no repeats. These are not questions from the real exam.
Where these questions come from
Every question in this bank cites a source -- primarily FINRA Series 7 content outline, 2025 (92%) and FINRA Rule 2111 (8%) of this exam's citations.
Series 7 exam facts
Exam fee
$395
Questions
125 multiple-choice questions
Time allowed
3 hours 45 minutes
Passing score
72
Who can sit it
Needs a FINRA member firm sponsor; the SIE is a corequisite
How to schedule
Your sponsoring firm registers you with FINRA, then you book a Prometric test center. You get a 120-day window after enrolling to sit the exam.
. Source: FINRA Series 7 exam page. Fees and rules change, so confirm on the official page before you book. No official pass rate is published for this exam, so we do not print one. All securities exams
Take a full practice test free. 125 original practice questions built to the exam's domain weights, every answer explained, no sign-up required, with a domain-by-domain score at the end.
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Seeks Business for the Broker-Dealer from Customers and Potential Customers7%
Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives9%
Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records73%
Obtains and Verifies Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions11%
5 original practice questions
A representative emails the same bond-fund advertisement to 40 retail investors within 30 calendar days. How is it classified?
A. Retail communication
B. Correspondence
C. Institutional communication
D. Internal firm communication
Show answer and reasoning
Correct answer: A. Retail communication
Written or electronic material distributed or made available to more than 25 retail investors within 30 days is a retail communication and follows the applicable approval, filing, recordkeeping, and content rules.
B: Correspondence reaches 25 or fewer retail investors during the measurement period.
C: Retail recipients do not become institutions merely because the message concerns a bond fund.
D: A customer advertisement is external communication rather than an internal administrative message.
Source: FINRA 2210: Rule 2210(a)(5), definition of retail communication and thirty-day recipient threshold
A representative sends a personalized securities recommendation by email to 18 retail customers during a 30-day period. Which classification generally applies?
A. Institutional communication
B. Correspondence
C. Public appearance
D. Retail communication regardless of recipient count
Show answer and reasoning
Correct answer: B. Correspondence
Correspondence is written or electronic communication distributed or made available to 25 or fewer retail investors within any 30-calendar-day period. Supervisory and content requirements still apply.
A: The recipients are retail customers, so institutional status is not established.
C: An email is a written electronic message rather than an unscripted public appearance.
D: Retail communication requires distribution to more than 25 retail investors in the period.
Source: FINRA 2210: Rule 2210(a)(2), correspondence definition and twenty-five-retail-investor distribution limit
A firm sends a market analysis exclusively to banks and registered investment companies, and reasonably believes it will not be forwarded to retail investors. How is it generally classified?
A. Correspondence
B. Retail communication
C. Institutional communication
D. Prospectus
Show answer and reasoning
Correct answer: C. Institutional communication
A communication distributed only to institutional investors is institutional communication when the firm does not have reason to believe it will be forwarded or made available to retail investors.
A: Correspondence is defined by distribution to a limited number of retail investors, not institutions.
B: A message kept within institutional audiences is not retail communication solely because it discusses investments.
D: A market analysis does not become a statutory offering prospectus merely through institutional delivery.
Source: FINRA 2210: Rule 2210(a)(3), institutional communication definition and retail-forwarding condition
A representative drafts an advertisement stating that a fund 'will earn 12% next year because it did so last year.' Why is the statement improper?
A. It would be proper if the 12% return were presented as an average annual return
B. It presents past performance as a guaranteed future result and lacks a fair basis
C. It is allowed if the 12% return is clearly labeled a projection
D. It is improper because 12% exceeds the maximum permitted return
Show answer and reasoning
Correct answer: B. It presents past performance as a guaranteed future result and lacks a fair basis
Past performance does not predict or guarantee future results. An unqualified promise of a specific return is misleading and fails the fair-and-balanced, reasonable-basis standard for public communications.
A: Even a properly calculated average annual return cannot be presented as the fund's next-year result; past performance does not guarantee future performance.
C: Labeling a future return as a projection does not cure the violation, because public communications may not predict or project investment results.
D: No securities rule sets a maximum permitted fund return; the advertisement is misleading because it guarantees a specific future result, not because 12% is too high.
A retail advertisement includes a customer's paid testimonial. What disclosure is particularly relevant?
A. The customer's account number
B. The representative's home address
C. That the testimonial is compensated, along with required qualifications about representativeness and future results
D. A promise that every customer will receive the same outcome
Show answer and reasoning
Correct answer: C. That the testimonial is compensated, along with required qualifications about representativeness and future results
Testimonials must not mislead about typical experience or future performance. When more than nominal value is paid, the communication must disclose that compensation and provide other required context.
A: Publishing private account identifiers would create privacy risk and is not the required testimonial disclosure.
B: A representative's residential information does not explain the testimonial's financial conflict.
D: A testimonial cannot support a guarantee that all investors will obtain the same result.
Where can I take a free Series 7 practice test online?
Right here. CertQuestUSA's free Series 7 practice test online is a full 125-question practice paper built to the published content outline's domain weights, with every answer explained, with no sign-up and no credit card, and shows your score by topic at the end. The full 500-question bank, with every answer explained and cited to the exam sponsor's published content outline, is $14.99 for a 30-day pass that never renews.
How many questions are on the CertQuestUSA FINRA Series 7 (General Securities Representative) practice test?
500 questions total, split into 4 full papers of 125 each with no repeats across papers.
What topics does the FINRA Series 7 (General Securities Representative) test cover?
4 domains, with the heaviest weight on Provides Customers with Information About Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records (73%), Obtains and Verifies Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions (11%), and Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives (9%).
Where do CertQuestUSA's FINRA Series 7 (General Securities Representative) questions come from?
Primarily FINRA Series 7 content outline, 2025 (92%) and FINRA Rule 2111 (8%) of this bank's citations -- computed directly from this exam's own question sources, not a generic description.
Is there a free FINRA Series 7 (General Securities Representative) practice test?
Yes -- one full 125-question practice paper built to the exam's domain weights, free with no sign-up, with every answer explained and a domain-by-domain score at the end.
