Series 7 (Stockbroker) Exam Prep for iOS

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Key Details of Series 7 (Stockbroker) Exam Prep

Series 7 Exam Prep is to help you prepare the General Securities Representative Exam, commonly referred to as theSeries 7 or Stockbroker Exam on...
Last updated on June 12, 2016
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Developer’s Description

By Chengwu Jia

Series 7 Exam Prep is to help you prepare the General Securities Representative Exam, commonly referred to as theSeries 7 or Stockbroker Exam on...

Series 7 Exam Prep is to help you prepare the General Securities Representative Exam, commonly referred to as theSeries 7 or Stockbroker Exam on the go. With its exclusive intuitive and elegant UI, not only can you learn the knowledge for the test and get the serious exam experience, but also with joy and incredible flexibility. With the app, you can set your own pace and practice anytime you want, anywhere you want, get instant feedback and learn something immediately to get yourself better prepared for the test. Among many cool features, the most useful one is to allow you concentrating on your incorrect/difficult questions only, Just add them to your favorite module and practice your own weak points again and again, that's way more efficient than the traditional way of study. Main Features:- 400 exam questions with detailed explanations- Study mode: get instant answers and useful explanation, study at your own pace; support sound effect- Test mode: simulate the real exam experience, get detailed results and scoring; - Test mode: review your exam questions with answers and explanations;- Favorite mode: add any question to your favorite and simply focus on studying them is 10 times more efficient- Settings: with flexibility to change font size, sound control, and the number of questions in your testNo data connection required, all data stored on deviceAbout:In the United States, all individuals seeking to become astockbrokermust take theGeneral Securities Representative Exam, commonly referred to as theSeries 7orStockbroker Exam. A passing grade is required in order to obtain the professional license needed to become aRegistered Representativeof abroker-dealerin theUnited States.The exam is a six-hour, 260 question test (250 of which count towards the final score) that is owned, maintained and administered by theFinancial Industry Regulatory Authority(FINRA, previously known as the NASD), which covers a broad range of investments includingstocks,bonds,options,limited partnerships, and investment company products (e.g.,open- and closed-end funds). As of November 7, 2011, candidate must answer at least 72% of the questions correctly in order to pass. Upon passing the test, one is granted a Series 7/General Securities license.The Series 7 license is the most comprehensive of several securities licenses that permit an agent to communicate with retail investors. For this reason, many account managers, analysts, and other executives in the employ of a registered Broker/Dealer hold Series 7 licenses. To satisfy the securities dealing requirements of some states, Series 7 license holders must also hold either theSeries 63 licenseor theSeries 66 license, depending on the state the licensee works in as well as the state his/her clients reside in. To provide investment advice for a fee, a stockbroker or Series 7 holder is required to complete the investment advisor law exam.Those who pass the exam become licensed with the FINRA and must maintain good standing and complete continuing education licensing requirements. Being licensed as a Series 7 or investment advisor does not mean that the licensee is certified or chartered with a professional designation such as PFS, CFP, CWM, CFA, or other financial designation. Further, having a professional designation does not mean that a person is licensed by the FINRA.In order to take the exam an individual must be sponsored by a member firm of either FINRA or aSelf Regulatory Organization(SRO).Disclaimer:iMobiApp, the publisher of this product, is not affiliated with or endorsed by any testing organization. All organizational and test names are trademarks of their respective owners. The content of the application might include inaccuracies or typographical errors, for which the owner can not be held liable.