General Securities Representative Qualification Examination
The Series 7 is the big one—the exam that qualifies you to sell virtually any security. 125 questions, 225 minutes, and a lot of options calculations. These materials are designed to make the complex stuff stick.
Common and preferred stock, rights, warrants, ADRs, and equity securities fundamentals
Chapter 2Bond basics, pricing, yields, and the inverse relationship between price and interest rates
Chapter 3Call and put provisions, yield to call, bond ratings, and risk types
Chapter 4Secured vs unsecured bonds, T-bills, T-notes, T-bonds, agency securities, CMOs
Chapter 5GO bonds, revenue bonds, tax treatment, and short-term instruments
Chapter 6Mutual funds, ETFs, UITs, variable annuities, and investment company structures
Chapter 7Primary vs secondary markets, exchanges, OTC, market makers, and order types
Chapter 8Settlement dates, good delivery, transfer of ownership, and clearing
Chapter 9Calls, puts, premiums, intrinsic value, time value, and basic strategies
Chapter 10Spreads, straddles, combinations, and index option settlement
Chapter 11Account opening, suitability, Reg BI, trading authority, discretionary accounts, and senior protections
Chapter 12Margin accounts, fiduciary and custodial accounts, joint accounts, business accounts, and options accounts
Chapter 13IRAs, employer-sponsored plans, variable annuities, 529 plans, Coverdell ESAs, and ABLE accounts
Chapter 14Securities Act of 1933, registration, exemptions, underwriting, and IPO timeline
Chapter 15SEC, insider trading, market manipulation, Reg SHO, SIPC, and federal regulations
Chapter 16FINRA registration, supervision, communications, conduct rules, and MSRB regulations
Chapter 17Technical and fundamental analysis, portfolio theory, risk metrics, and modern portfolio strategies
Chapter 18Capital gains, cost basis, wash sales, tax-advantaged accounts, estate and gift taxes
Chapter 19Investment objectives, risk tolerance, asset allocation, and customer profile matching
Supplementary resources to help you prepare.
8 cards with swipe-to-study
32 cards — spreads, straddles, strangles
All calculations in one place
10-week preparation plan
Track your completion
24 errors to avoid
Final checklist
30-question sample test
The reality: Options alone can be 25-30% of your questions. If you're not comfortable with max gain/loss/breakeven calculations, you're not ready.
The strategy: Master calculations first. The formula sheet exists for a reason— these need to be automatic. Then layer in the conceptual stuff. Know the "why" behind regulations, not just the "what."
Time investment: Plan for 100-150 hours over 8-10 weeks. That's 2-3 hours daily. Prioritize options content (Chapters 9-10).