Series 7 Study Guide 2026–2027 — Redesigned Illustrated Edition | 200 Practice Questions

Prepare for the Series 7 (General Securities Representative) exam with a complete, illustrated study guide organized around the four job functions in FINRA's content outline: Seeking Business, Opening Accounts, Providing Information and Recommendations, and Processing Transactions.

This 248-page digital guide combines an in-depth content review with quick-reference tables, diagrams, step-by-step worked calculations, and two 100-question, exam-level practice tests weighted like the real exam, so you can learn the rules and products and then practice applying them to customer scenarios and calculations.

What's Inside

• An overview of the current exam: 125 scored questions plus 5 unscored pretest items, four answer choices each, 3 hours 45 minutes, a passing score of 72, the $395 fee, sponsorship and the SIE corequisite, the content outline weighting (7% / 9% / 73% / 11%), and retakes
• Function 1: communications with the public, product-specific advertising rules, telemarketing and gifts, the registration and underwriting process, syndicates, stabilization, Regulation D, Rule 144, and the municipal primary market
• Function 2: account registrations, IRAs and employer plans, 529 plans, CIP and anti-money laundering, trusted contacts, suitability, Regulation Best Interest, and supervisory approvals
• Function 3, the largest part of the exam: investment risks, portfolio theory, fundamental and technical analysis, equity securities, bond pricing and yields, corporate, government, agency, and municipal securities, CMOs, mutual funds, variable annuities, REITs, DPPs, options strategies, required disclosures, markups, confirmations, account transfers, and books and records
• Function 4: quotes and order types, short sales, trade reporting, T+1 settlement and good delivery, complaints and arbitration, and margin accounts including SMA and maintenance calls
• Illustrated diagrams and worked examples: option payoff charts, yield ladders, the yield curve, accrued interest, tax-equivalent yield, convertible parity, sales charges and breakpoints, AIR, spreads and straddles, and margin T-accounts
• A final review checklist with a formula quick reference, 6-, 8-, and 10-week study schedules, FAQs, test-taking strategies, and recommended resources
• 2 practice tests (200 exam-level questions) organized by job function, with a separate answer key explaining every answer

Format

• Instant digital download (PDF), 8.5 × 11 in
• Clickable table of contents
• Print it or study on a tablet, laptop, or phone

Please note: This is a digital product. No physical item will be shipped.

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