Answers to common questions about the FINRA Series 7 exam: eligibility and sponsorship, SIE corequisite, format/timing, scoring, retakes, what’s tested, and how to study.
Policies can change—confirm critical details with FINRA and your firm before scheduling.
Yes. Series 7 is a representative-level qualification exam and generally requires association with a FINRA member firm (or other applicable SRO member firm).
Yes. Series 7 is paired with the SIE as a corequisite. You must pass both to obtain the General Securities Representative registration.
FINRA uses a scaled (equated) score. Unscored pretest items are mixed in and do not affect your result.
Put most of your time into F3 (the recommendation and product knowledge function). Then build speed on F4 (orders, settlement, margin) because those are easy points if you’re accurate.
FINRA retake waiting periods can depend on attempt count and exam type. Verify current rules with FINRA at scheduling time.