The series 7 is mostly Options and Munis... Pick one of these... options is easier... Study hard and plan to get 90% on this section... to pull up any deficiences. This keeps the studyng more focused. free tip... often you will not need to even read the question... E.g. answers A) $7650 B) $8600 C) $1950 D) $86 Answer is B. (if you have to guess) Often they assume people forget to multiply the options by 100 So look for 2 numbers that are off by this amount and then take the larger of the two.
I was handed this information on a sheet of paper after I finished the exam. Not sure what the numbers 1.1, 3.4.8 etc pertain to. At the bottom of the sheet it said, "Refer to Content Outline for the General Securities Registered Representative Examination for complete descriptions of the topic areas listed here." Series 7 Topics as of May 2002 # Questions 1. The Registered Representative and the Customer 17 1.1 Requirements for registration of individuals 1.2 Standards for public communications 2.1 Investment profile of a customer 2.2 Investment objectives 7.1 Portfolio analysis 2. Brokerage Products 81 3.2, 3.3.5, 3.4.5, and 3.4.6 Taxation-related topics( additional, more specific taxation issues are covered with specific products.) 3.3 Equity securities 3.4 Debt instruments (except municipal securities) 3.4.8 Municipal securities 3.5 Packaged securities (except variable annuity contracts) 3.7 Retirement plans and estate tax considerations 3.5.3 Variable annuity contracts 3. Derivative Products 38 3.6.1.1 Listed Options, basic definitions 3.6.1.2 Characteristics of equity options, index options, yield-based and debt options, foreign currency options. 3.6.1.4 Tax treatment of options transactions 3.6.1.3 Basic option strategies 4. Opening, Handling, and Closing of Customer Accounts 27 4.1 Requirements for opening customer accounts, including approvals 4.2 Rules governing the conduct of accounts 4.3 Margin accounts 5. The Securities Markets and Regulations of the Markets 56 5.1 The self-regulatory organizations (SROs) 5.2 The primary marketplace 5.3 The secondary marketplace 5.4 Principal factors affecting securities markets and prices 3.3 Investment risk (General information, Specific risks related to types of investments are covered with the respective investments.) 6. Order Entry, Confirmation and Settlement 13 6.1 Securities orders and confirmations 6.2 Delivery and settlement of transactions 6.3 Record keeping 7. Factors Affecting Security Value and Investment Decisions 18 7.2 Securities analysis 7.3 Sources of price and securities information 7.4 Sources of investment research information Total 250 The number of questions for each topic is listed along with the total of questions at the bottom of the page.