Series 7

DEFINITION of 'Series 7'

A general securities registered representative license administered by the Financial Industry Regulatory Authority (FINRA) that entitles the holder to sell all types of securities products with the exception of commodities and futures.

BREAKING DOWN 'Series 7'

The bulk of the Series 7 exam focuses on investment risk, taxation, equity and debt instruments, packaged securities, options, retirement plans, and interactions with clients such as account management.

In order to write the Series 7 exam, a candidate must be sponsored by financial company that is a member of FINRA or a self-regulatory organization (SRO).

Successfully completing the Series 7 exam is a prerequisite for most of the FINRA principal examinations.

RELATED TERMS
  1. Series 6

    A securities license entitling the holder to register as a limited ...
  2. Series 23

    An exam offered by the Financial Industry Regulatory Authority ...
  3. Series 14

    An exam administered by the Financial Industry Regulatory Authority ...
  4. Series 11 License - Assistant Representative ...

    A securities license, administered by the Financial Industry ...
  5. Series 26

    A securities license entitling the holder to register as a limited ...
  6. Series 24

    A securities license entitling the holder to supervise and manage ...
Related Articles
  1. Economics

    4 Economic Challenges South Korea Faces in 2016

    Learn about the economic challenges South Korea faces in 2016. Discover the impacts of currency fluctuations, the Chinese economy and Fed rate cuts.
  2. Stock Analysis

    How Crashing Oil Prices Pushed BP's Dividend Yield Above 7% (BP)

    Discover what has contributed to BP's dividend yield climbing from around 5% to above 7% from 2012 to 2015 while oil prices have crashed.
  3. Professionals

    Breaking Down Financial Securities Licenses

    Find out which exam you need to begin your career as an investment professional.
  4. Personal Wealth & Private Banking

    The 3 Best Financial Advisors in Boston

    Discover some of the most experienced financial advisors in Boston, along with information about their areas of expertise and the firm where they work.
  5. Professionals

    Fixed Income Trader: Job Description & Average Salary

    Learn about the skill requirements and average salary of a fixed income trader, along with the necessary licenses and daily activities.
  6. Professionals

    Private Banker: Career Path & Qualifications

    Discover what kind of work private bankers do, and learn more about how you can develop the experience and qualifications required to work in the field.
  7. Professionals

    Career Advice: Investment Banking Vs. Private Banking

    Examine the two potential career options of investment banking and private banking, with an eye toward choosing the most suitable career.
  8. Insurance

    Municipal Bond Tips For The Series 7 Exam

    Learn to distinguish between general obligation and revenue bonds to ace this test.
  9. Options & Futures

    Broker Or Trader: Which Career Is Right For You?

    A day in the life of a broker or trader is an exciting and varied one. Find out how to decide between these two financial professions.
  10. Professionals

    Should You Add A Securities License To Your Qualifications?

    Clients love planners who sell securities, but a securities license takes a lot of work. Learn if the stress and study are worth it.
RELATED FAQS
  1. Do financial advisors get drug tested?

    Financial advisors are not drug tested by any federal or state regulatory body. This means you may receive your Series 6, ... Read Full Answer >>
  2. Do financial advisors need to pass the Series 7 exam?

    The exact nature of a financial advisor's job responsibilities determines whether he must have a Series 7 license. If a financial ... Read Full Answer >>
  3. Is a financial advisor required to have a degree?

    Financial advisors are not required to have university degrees. However, they are required to pass certain exams administered ... Read Full Answer >>
  4. What does passing the Series 6 enable me to do?

    The Series 6, or the Investment Company Products/Variable Contracts Limited Representative, exam is administered by the Financial ... Read Full Answer >>
  5. What are the differences between the Series 6 exam and the Series 7 exam?

    The Financial Industry Regulatory Authority (FINRA) offers a variety of licenses that must be obtained before conducting ... Read Full Answer >>
  6. I have passed the Series 63 and FINRA Series 7, but would like to become licensed ...

    The Series 63 exam, a North American Securities Administrators Association (NASAA) exam, ensures that one can become a stockbroker, ... Read Full Answer >>
Hot Definitions
  1. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
  2. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  3. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
  4. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  5. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  6. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
Trading Center