FINRA Series7 : General Securities Representative Examination (GS)

  • Exam Code: Series7
  • Exam Name: General Securities Representative Examination (GS)
  • Updated: Aug 29, 2026
  • Q & A: 400 Questions and Answers

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FINRA Series7 Exam Syllabus Topics:

SectionObjectives
Job Functions Overview- Function 1: Seeks Business for the Broker-Dealer
  • 1. Identifies investment opportunities and solicits new clients
    • 2. Opens accounts after obtaining and evaluating customer financial information
      - Function 3: Provides Customers with Information About Investments and Makes Suitable Recommendations
      • 1. Weight: ~73% of exam content
        • 2. Explains characteristics, risks, and features of investment products
          • 3. Recommends equities, debt instruments, mutual funds, ETFs, options, and variable products
            - Function 2: Opens Accounts After Obtaining and Evaluating Customers' Financial Profile
            • 1. Ensures compliance with suitability and regulatory requirements
              • 2. Determines investment objectives, risk tolerance, and financial situation
                - Function 4: Processes Orders and Maintains Appropriate Records
                • 1. Weight: ~11% of exam content
                  • 2. Maintains required documentation and recordkeeping standards
                    • 3. Executes trades in accordance with customer instructions and regulations

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      Question 1

                      A revenue bond is issued by a state agency. The state legislature is granted authority to apportion money
                      to support the debt services if necessary, but is not legally obligated to do so. What type of bond is this?

                      A. moral obligation
                      B. Series 8
                      C. double-barreled
                      D. limited tax


                      Question 2

                      A registered representative privately assures a customer that a certain stock will double within 18 months.
                      During this period the stock the stock performs as predicted. Which of the following statements is true?

                      A. the comment is permissible only if the representative had been registered with the SEC under the
                      Investment Advisors Act of 1940
                      B. this statement constituted a form of fraud prohibited under the Securities Exchange Act of 1934
                      C. the commentary was permissible because the stock advanced as the registered representative
                      forecast
                      D. this is a violation because the SEC requires all information about stock prices to be publicly announced


                      Question 3

                      Which of the following would not normally be a function of an investment banker?

                      A. assisting in large secondary offerings of securities
                      B. providing long-term capital needs to client companies
                      C. providing short-term capital needs to client companies
                      D. underwriting new issues of securities


                      Question 4

                      Common stocks for which of the following industries are most likely to decline in value when interest rates
                      rise?

                      A. public utility companies
                      B. airlines
                      C. automobile manufacturers
                      D. stock brokers


                      Question 5

                      Under Regulation T of the Federal Reserve, when may a broker overlook an amount due in a customer's
                      account?

                      A. if the client makes a request in writing
                      B. under no circumstances
                      C. if the value of a trade is less than $1,000
                      D. if it does not exceed $1,000


                      Solutions:

                      Question 1
                      Answer: A
                      Question 2
                      Answer: B
                      Question 3
                      Answer: C
                      Question 4
                      Answer: A
                      Question 5
                      Answer: D

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