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FINRA regulates the Series 7 exam. FINARA stands for the Financial Industry Regulatory Authority. Someone would need a series 7 exam if they wish to sell certain products.
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Where can I take series 7 classes.?
Provides books and computer training for NASD exams including the Series 6 license and Series 65 exam license. Series 7 exam training and NASD exam Provides books and computer training for NASD exams including the Series 6 license and Series 65 exam license. Series 7 exam training and NASD exam Provides books and computer training for NASD exams including the Series 6 license and Series 65 exam license. Series 7 exam training and NASD exam
What is a series 7?
If you are studying for a securities degree a Series 7 is a final certification exam. This exam is also known by The General Securities Representative Exam.
Is the cpa exam harder than the series 7 exam?
Yes
Where can I find "How To" information on tutoring for both finances and the series 7 exam?
Information on how to get tutoring on the series 7 exam can be found at www.stockbrokerschool.com/prep/series7.html. For finances it is located on the same page as the series 7 information.
Who needs to get a Series 7 license?
A Series 7 exam is also known as a General Securities Representative exam, or a Stockbroker exam. It is required in the United States if one seeks to become a registered representative of a broker dealer.
Is the bar exam harder than the series 7?
I've never taken the Bar exam but I have taken the Series 7 Exam and passed my first try with a 94. The Series 7 is very comprehensive and contains information you are not likely to run into as a practicing financial advisor. You best prepare for 8 weeks or more if you have any hope to pass.
What year did the series 7 exam become required for stock brokers?
2002
How can I get a series 7 license?
You have to first start working with a brokerage firm. They have to sponsor you for the exam and then and only then can you get your license. Along with your series 7 exam you probably will have to take the state licensing exam called the 63 which lets you sell the securities in the states by covering the general laws. Each state does have different laws but the majority of the laws are the same and that's why you have to take the series 63 exam.
Who from CNBC failed series 7 5 times?
There is no public information available about anyone from CNBC failing the Series 7 exam five times.
What is the best way to pass the series 7 exam?
Passing the Series 7 exam can be difficult. It takes a combination of A)experience in the financial arena and B)lots of study time. The catch 22 is that you can't get a lot of experience in the financial world without a Series 7. In order to take the Series 7 exam, you have to be sponsored by a firm that you work for. But in order to work for some firms, you already have to have the Series 7. Most people start work with a firm with the knowledge that they must pass the Series 7 in the first few months there, or lose their job. There are several companies you can use to help you with the Series 7. I would recommend utilizing what you can to give yourself the best chance to pass the Series 7 on the first attempt. (due to the hundreds of dollars it costs to take the exam, potential loss of job, and time period of waiting before you can take the exam again if you fail.) Securities Training Corporation is found at stcusa.com and publishes some great books. I used their books and found them to be the best material out there. I also used a tutor from series7tutor.com and found him to be intelligent and extremely helpful. I studied a couple of hours a days for 3 months and passed the Series 7 on my first attempt, so I know it can be done. I think if you read and use a tutor and really put effort into studying, you can pass the exam.
How do I go about obtaining a series 7 license?
To obtain a series 7 license, one needs to first be sponsered by their department manager. After this step is done, study for the exam and find a local testing area. The exam costs $250 and a passing score of 70% is required to obtain the license.
How do I get a series 7 license?
The Series 7 license is issued and overseen by FINRA, and it authorizes you to sell certain securities. You need to have sponsorship, do some exam prep, register for the testing, pay a fee of around $250, then successfully complete the test!
