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Series 7 – Investment Companies
The Series 7 Exam – representative-level FINRA exam qualifies an individual to sell a full range of investment products, including corporate securities, municipal securities, investment companies, variable products, direct participation programs, options and government securities.
This tutorial, available to students registered for Series 7 exam prep with NRS FIRE and will cover the subject of Investment Companies.
For more information on our NRS Securities Licensing Exam prep, visit here.
To register for NRS Securities Licensing Exam Prep, go here.
Series 7 Exam Details
Exam Format: 125 multiple-choice questions
Exam Duration: 3 hours, 45 minutes (225 minutes)
Passing Score: 72%
Corequisite: SIE Exam
Broker-dealer Sponsorship: required
Series 7 Exam Outline
|FUNCTION DESCRIPTION||Percentage of Exam||No. Questions|
|Function 1: Seeks Business for the Broker Dealer from Customers and Potential Customers||7%||9|
|Function 2: Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives||9%||11|
|Function 3: Provides Customers with Information About
Investments, Makes Suitable Recommendations,
Transfers Assets and Maintains Appropriate Records
|Function 4: Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions||11%||14|
Series 7 Study Materials
Modules: 23 chapters delivered in mobile-friendly, online and printable .pdf formats
Module Quizzes: Twenty-three 20-question, module quizzes to gauge initial comprehension
Live Tutorials: Live, instructor led tutorials offered on a rotating calendar basis
OnDemand Tutorials: 23 mobile friendly OnDemand, recorded tutorials available 24/7
- Introduction to the Series 7
- Test taking tips to help you beat the test
Midterms: Two midterms: a 25-question and a 50-question test
Mini Finals: Two 50-question mini-finals
Final Exams: Six 125-question, weighted finals that simulate the Series 7 exam
Green Light Status Indicator: Know with confidence your level of preparedness
- Suggested Study Plan: System-generated study plan based on incorrect answers on initial assessments. Includes a custom suggested study plan assessment containing actual missed questions from final exams.
- Custom Assessments: Create unlimited, 20 or 50-question, custom exams from any number of modules. Feature unlocks when final exams are completed.
Instructor Access: Unlimited email/phone access to our expert NRS Exam Prep instructors
FIRE Drill App: Access to additional practice questions in our free Series 7 FIRE Drill App
No Pass/No Pay
Candidates who correctly complete our program and achieve our designated “Green Light” average score on their practice final exams go on to pass their actual FINRA/NASAA exams. We are so confident that we offer candidates a “NO-PASS, NO-PAY” guarantee. We will refund full tuition to any “Green Light” student who does not pass their actual FINRA/NASAA exam.*
*The NRS Exclusive NO-PASS, NO-PAY Guarantee: To qualify for a refund, you must complete all course materials: Read all modules, attend all tutorials, take all quizzes and tests, and achieve an average score on your first attempt final exams of 3% over the passing score requirement for your FINRA/NASSA exam. Refund applies to online course fees only.