Short answer
125 scored multiple-choice questions plus 5 unscored pretest questions, with 3 hours 45 minutes to finish.
Series 7 Exam Format and Content Outline
| Job function | Scored questions |
|---|---|
| 1. Seeks business for the broker-dealer | 9 |
| 2. Opens accounts after obtaining and evaluating customers’ financial profile | 11 |
| 3. Provides information about investments, makes suitable recommendations, transfers assets and maintains records | 91 |
| 4. Obtains and verifies customers’ instructions; processes, completes and confirms transactions | 14 |
Function 3 dominates: options strategies, municipal and corporate bonds, packaged products, suitability and taxation. Learn these thoroughly.
USA Series 7 Exam: Quick Facts
- Administered by
- FINRA (Prometric)
- Questions
- 125 scored + 5 pretest
- Time
- 3 hours 45 minutes
- Passing score
- 72
- Fee (2026)
- About $395 (check FINRA)
- Prerequisite
- SIE + firm sponsorship
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