ERISA Compliance – Series 7 ExamPublished on finra-exam-mastery.com 📘 Understanding ERISA for the Series 7 ExamThe Employee Retirement Income Security Act (ERISA) of 1974 is a key federal law governing private-sector retirement plans. On the Series 7 exam, you’ll need to understand how ERISA applies to retirement accounts and what rules broker-dealers must follow when […]
📦 ETFs, Hedge Funds, and Other Structured Products – Series 7 Exam The Series 7 exam tests not just traditional securities like stocks and bonds, but also modern investment vehicles that include ETFs, hedge funds, and structured products. These instruments play a growing role in client portfolios and carry unique characteristics, benefits, and risks that […]
📉 Economic Cycles and Indicators – Series 7 Exam Understanding economic cycles and indicators is essential for Series 7 candidates, as they form the basis for evaluating market conditions, forecasting investment performance, and making suitability recommendations. The Series 7 exam tests your ability to interpret both macroeconomic trends and specific leading, lagging, and coincident indicators. […]
🎨 Effective Study Strategies for Visual Learners Ace Your FINRA Exams Using Visual Memory Techniques If you’re a visual learner, you retain information better through images, diagrams, colors, and spatial organization. When prepping for FINRA exams like the Series 6, 7, 63, or 66, aligning your study method with your learning style can dramatically improve […]
📝 Do You Need the SIE Exam to Work in Finance? The Securities Industry Essentials (SIE) Exam is a foundational exam designed by FINRA for individuals seeking to enter the securities industry. However, do you need the SIE exam to work in finance? The answer depends on your specific role within the industry. Here’s what […]
🎯 Does Experience Matter for the Series 24 Exam? Yes—experience matters significantly when preparing for the Series 24 Exam. While there are no formal prerequisites beyond sponsorship, candidates with prior exposure to broker-dealer operations, compliance procedures, and supervisory responsibilities typically perform better. That said, experience alone is not enough to pass without focused study. Here’s […]
Does the Pass Rate Improve on the Second Attempt? Yes, many candidates see a significant improvement in their pass rate on the second attempt of a FINRA exam like the SIE, Series 6, Series 7, or Series 66—especially if they adjust their study methods and focus on weak areas. Here’s why second attempts often go […]
❓ Do You Need the Series 63 License After the Series 7? The Series 63 and Series 7 are both important exams for individuals looking to work in the securities industry. However, whether you need the Series 63 after passing the Series 7 depends on the type of securities business you intend to conduct and […]
Do You Need Series 7 If You Have Series 66? The Series 66 exam, officially known as the Uniform Combined State Law Examination, is an essential qualification for those looking to become investment adviser representatives (IARs) or securities agents. But, do you still need to take the Series 7 exam if you have already passed […]
Do You Need Series 7 to Sell Mutual Funds? No, you do not necessarily need the Series 7 license to sell mutual funds, but it depends on the type of activities you will be conducting. 1. Selling Mutual Funds Only (No Securities) 2. Selling a Broader Range of Securities (Stocks, Bonds, Options, etc.) 3. Series […]