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Last Updated: Aug 13, 2026

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FINRA Series7 Exam Syllabus Topics:

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

                      FINRA General Securities Representative Examination (GS) Sample Questions:

                      1. Which of the following is not classified as a money market instrument?

                      A) commercial paper
                      B) American Depository Receipts
                      C) treasury bills
                      D) banker's acceptances


                      2. Which of the following is not true about mutual funds and variable annuities?

                      A) each is regulated under the Investment Company Act of 1940
                      B) the payout of each depends on the investment results of the securities owned in the portfolio
                      C) the holder of each must pay income taxes on the dividends received each year
                      D) the registered representative must have FINRA registration to solicit either one


                      3. Municipalities are most likely to issue notes for which of the following purposes?

                      A) repairs to infrastructure
                      B) short-term cash needs
                      C) federal income tax payments
                      D) long-term financing


                      4. Which of the following municipal bonds may be grouped under the classification of "revenue bonds"?

                      A) new housing authority
                      B) general obligation
                      C) limited tax
                      D) special tax


                      5. Which of the following is not prohibited of a general partner?

                      A) acting in such a way as to impede the orderly business of the partnership
                      B) accepting compensation from any other partnership
                      C) buying or selling assets of the partnership except to foster the business of the partnership
                      D) competing in any way with the partnership


                      Solutions:

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

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