Series 7 Exam Eligibility Requirements

To be eligible for the Series 7 exam, which qualifies individuals as General Securities Representatives, candidates must meet the following requirements:

✅ 1. Sponsorship by a FINRA Member Firm

You must be associated with and sponsored by a firm that is a member of the Financial Industry Regulatory Authority (FINRA) or another applicable self-regulatory organization (SRO). This sponsorship is a prerequisite for taking the Series 7 exam. ​Reddit+2finra.org+2adbanker.com+2kaplanfinancial.com+1Job Search | Indeed+1

✅ 2. Completion of the SIE Exam

Before or after passing the Series 7 exam, candidates must also pass the Securities Industry Essentials (SIE) exam. The SIE exam assesses basic knowledge of the securities industry and is a corequisite to the Series 7 exam. ​Investopedia+4finra.org+4Wikipedia+4finra.org

✅ 3. Submission of Form U4

Your sponsoring firm will file Form U4 (Uniform Application for Securities Industry Registration or Transfer) on your behalf. This form includes personal information, employment history, and disclosures related to criminal or regulatory matters. ​finra.org+4kaplanfinancial.com+4adbanker.com+4

✅ 4. Payment of Exam Fees

The Series 7 exam requires a fee, which is typically covered by your sponsoring firm. However, it’s advisable to confirm this with your employer. ​kaplanfinancial.com

✅ 5. Background Check and Fingerprinting

As part of the registration process, you will undergo a background check and fingerprinting. These procedures are standard to ensure compliance with regulatory standards. ​adbanker.com

Once these steps are completed, you will be eligible to sit for the Series 7 exam, which consists of 125 multiple-choice questions covering various aspects of securities products, regulations, and market functions. A passing score of 72% is required. ​Wikipedia+2kaplanfinancial.com+2Job Search | Indeed+2

If you need further information or assistance with the registration process, feel free to ask!