hardie plank siding morton grove siding calculator siding options siding types installing vinyl siding .. Chicago Drug testing

Series 7 Exam

What is the Series 7 Exam?

If you are looking to become a licensed Stockbroker, you need to know about the Series 7.

The Series 7 is a 250 question exam that when passed, licenses you to act as a Registered Representative. Persons who receive this license are allowed to sell most securities. These securities would include: Stock, Bonds, Options, Mutual Funds and Annuities. The license itself is active while you are practicing it. Practicing with a Series 7 means that you are either employed or affiliated with a member firm. If you leave the business, your license will still remain active for 2 years after your last day with the firm. If you do not re-enter the business within 2 years, your license will expire. You would then have to re-take the exam again.

The Series 7 exam itself is comprised of many topics although not equally divided. Approximately 50 questions will be on Municipal Bonds alone. Other major topics include Options, Industry Rules and Customer Account handling.

The SERIES 7 is a multiple choice test graded on 250 questions administered on computer by an NASD testing vendor (Prometric Technology Center). 70% is needed to pass the SERIES 7 Exam. You will be given 6 hours to complete the exam in two 3 hour parts. Each question is worth .4 of a point. 175 questions correct will equal a passing grade. The score is not curved or rounded up so yes, if you get 174 questions right, you will get a 69.6% and you will fail. Each part also includes 5 experimental questions, which do not count on your total score. You will not know which ones are the experimental questions. Each exam is different, meaning if you take your test next to someone else, your test will not be the same. The percentages will be the same but the questions that each individual is tested on will be random. This applies to all Licensing exams but the difference between tests is less with smaller content exams like the Series 63.

You will be given a calculator to use at the center. Applicants are not permitted to bring their own. Scrap paper will be given to you as well for you to use during the test. Once the test officially starts you can write down anything you want (Formulas, Rules etc.). The computer also offers the student the ability to change their answers at the end of the first or second part of the test. Meaning, if you wish to change an answer to a question in the first half, you will have to wait until the end of the first half to do it. Once the second half starts, you will be unable to view your first half. Basically, you are taking 2 different 125 question exams. Even if you are unsure what the correct answer to a question is, you must enter something before the next question is shown.

Don't Cheat: Today, the testing centers require fingerprint verification when you take your test. A student was caught a few years ago on camera cheating in the testing room. This person had a tiny video camera device on his tie and a listening transmitter in his ear. He was actually filming his screen while someone else at another location was feeding him the answers. I didn't believe this one at first but several people told it to me. Pretty amazing. Needless to say, he was nabbed and busted. Just study and you will pass....and maybe learn something too!

Good Luck!

Nick Hunter is the President of American Investment Training, Inc. (AIT) http://www.aitraining.com He has personally taught thousands of students in the securities industry for over 15 years.

In The News:

The I Word is Coming to a Town Near You

Hello Inflation, it has been awhile, I see you on... Read More

Intervention

Intervention. Now don't let that big word scare you. The... Read More

The Inside Scoop on Mutual Fund Rip Offs

The bear market that showed up at the end of... Read More

Managing Investing and Stock Market Risks

Reduce your investing and stock market risks by:Setting your sights... Read More

Wal-Mart: Discount Store, Discounted Stock?

As GuruFocus updates the stock buys and sells of gurus,... Read More

Tips to Finding Other People?s Simple Trading Plans

Did you know you can make money (and a lot... Read More

Mousetrap

The spring-loaded rat catcher is the ultimate low-tech device invented... Read More

Discover the Biggest Trading & Investing Online Mistake

Any online investor / trader seeks an excellent off or... Read More

401K-itis

Are you one of those many people who dread reading... Read More

Seecrets on Investment: Tired of Making Huge Losses in the Stock Market ? Part 2

Fundamental analysis.Fundamentals analysis says the best way to predict the... Read More

Jack and Jill

Jack and Jill went up the hill to fetch a... Read More

Why Change Funds?

On November 17 I bought 7 different mutual funds and... Read More

Inertia

One of the basic laws of physics is that a... Read More

Stocks: Understand What You Buy!

"There is nothing more frightful than ignorance in action!" Johann... Read More

The Secret Method to Selecting a Winning Trading System

Every successful trader has a winning system. There are of... Read More

DIY Portfolio Management

Exchange Traded Funds (ETFs) are growing. Investors are choosing low... Read More

The Surgeon General

The Surgeon General of the United States says that smoking... Read More

Expense Ratios

Mutual funds and brokers are always preaching not to buy... Read More

Online Broker Trade History Not Doing the Job

Let me start by saying that...Most online brokers do not... Read More

Investing in Dividend Paying Stocks

I was recently interviewed for a press release through a... Read More

Hill of Hope

Just about now everyone is confused as to which way... Read More

Stock Trading Secrets?

How often have you come across an advertisement or e-mail... Read More

Performance Funds

Mutual funds are doing more and more to discourage investors... Read More

Stealth Bull

If you have been watching the stock market at all... Read More

Stock Trading Diversification

This is the continuing story of our two imaginary traders,... Read More

led street lighting fixtures outdoor induction lights Pete's produce ..
led street lighting fixtures outdoor induction lights Pete's produce ..