How many times can you take the Series 7?

How many times can you take the Series 7?

A candidate can take the Series 7 exam as many times as they like; however, for the first three times, the candidate has to wait 30 days before trying again; after the first three attempts, the candidate has to wait six months.

What is the difference between series 6 and 7?

What is the difference between the Series 6 and Series 7 license? A Series 6 license is more restrictive in terms of what you can sell compared to a Series 7 license, which permits you to sell most securities except commodities futures, real estate, and life insurance.

What should I study for Series 7?

You need to spend 80-100 hours studying for the FINRA Series 7 exam if you have a finance background and about 150 if you don’t. The first thing you should do is lay out a study plan that ensures you put those hours in. Give yourself enough time to take breaks from study to let concepts percolate.

What is the difference between Series 7 and Series 7 top-off?

Although these exams have many topics in common, one of the major differences between them is that the Series 7 Top-Off delves deeper into each content area. Additionally, some subjects are tested on the Series 7 Top-Off Exam, but not on the SIE. These include taxation, rules of good delivery, and short sale rules.

What score do you need to pass the Series 7?

72%

What does passing the Series 7 mean?

A candidate who passes the Series 7 exam is qualified for the solicitation, purchase and/or sale of all securities products, including corporate securities, municipal fund securities, options, direct participation programs, investment company products and variable contracts.

How hard is the Series 7 and 63?

Though it may seem a bit daunting, especially if you have no industry experience, the Series 7 is, in fact, a medium difficulty exam. On average, the pass rate for the Series 7 exam is around 65%. Comparatively, about 86% of candidates pass the Series 63 on their first attempt.