Series 7 Exam Questions 2025 with
Correct Answers
A registered principal or registered representative must retake the qualifying exam if
his or her registration has been revoked or terminated for a period of ____________ or
more.
A.) 1 year
B.) 5 years
C.) 3 years
D.) 2 years - ANSWER✔✔-D.) 2 Years
A member may maintain a representative registration for which of the following
persons?I. A person who performs legal, compliance, or internal audit functions for the
memberII. A person who performs back-office functions for the memberIII. A person
who is no longer functioning as a representativeIV. A person who performs
administrative functions for registered personnel
A.) I, II, III, IV
COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 1
,B.) I, II, III
C.) I, II & IV
D.) I & II only - ANSWER✔✔-C.) I, II & IV
Which of the following is true regarding persons who are to function as research
analysts?
A.) None of these answer choices.
B.) They must be registered as a general securities representative and pass a qualifying
examination for research analysts.
C.) They must be registered as a general securities representative only.
D.) They must pass a qualifying examination for research analysts only. - ANSWER✔✔-
B.) They must be registered as a general securities representative and pass a qualifying
examination for research analysts.
Within how many days must a member report to FINRA if the member or an associated
person of the member is the subject of a written customer complaint involving
allegations of theft or misappropriation of funds?
A.) 10 business days
B.) 15 calendar days
C.) 20 business days
COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 2
, D.) 30 calendar days - ANSWER✔✔-D.) 30 calendar days
Which of the following are considered institutional investors?
A.) A governmental entity
B.) An employee benefit plan that meets the requirement of Section 403(b) or Section 457
of the Internal Revenue Code and has at least 100 participants
C.) A qualified plan as defined in Section 3(a)(12)(C) of the Exchange Act and that has at
least 100 participants
D.) All of these answer choices - ANSWER✔✔-D.) All of these answer choices
An options contract that gives the holder the right to purchase the number of shares of
the underlying security is a _________________.
A.) Covered
B.) Uncovered
C.) Put
D.) Call - ANSWER✔✔-D.) Call
Which of the following registered principals may approve the purchase of a variable
annuity?I. General Securities Sales Supervisor (Series 9/10)II. General Securities
Principal (Series 24)III. Investment Company Products/Variable Contracts Principal
(Series 26)
COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 3
Correct Answers
A registered principal or registered representative must retake the qualifying exam if
his or her registration has been revoked or terminated for a period of ____________ or
more.
A.) 1 year
B.) 5 years
C.) 3 years
D.) 2 years - ANSWER✔✔-D.) 2 Years
A member may maintain a representative registration for which of the following
persons?I. A person who performs legal, compliance, or internal audit functions for the
memberII. A person who performs back-office functions for the memberIII. A person
who is no longer functioning as a representativeIV. A person who performs
administrative functions for registered personnel
A.) I, II, III, IV
COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 1
,B.) I, II, III
C.) I, II & IV
D.) I & II only - ANSWER✔✔-C.) I, II & IV
Which of the following is true regarding persons who are to function as research
analysts?
A.) None of these answer choices.
B.) They must be registered as a general securities representative and pass a qualifying
examination for research analysts.
C.) They must be registered as a general securities representative only.
D.) They must pass a qualifying examination for research analysts only. - ANSWER✔✔-
B.) They must be registered as a general securities representative and pass a qualifying
examination for research analysts.
Within how many days must a member report to FINRA if the member or an associated
person of the member is the subject of a written customer complaint involving
allegations of theft or misappropriation of funds?
A.) 10 business days
B.) 15 calendar days
C.) 20 business days
COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 2
, D.) 30 calendar days - ANSWER✔✔-D.) 30 calendar days
Which of the following are considered institutional investors?
A.) A governmental entity
B.) An employee benefit plan that meets the requirement of Section 403(b) or Section 457
of the Internal Revenue Code and has at least 100 participants
C.) A qualified plan as defined in Section 3(a)(12)(C) of the Exchange Act and that has at
least 100 participants
D.) All of these answer choices - ANSWER✔✔-D.) All of these answer choices
An options contract that gives the holder the right to purchase the number of shares of
the underlying security is a _________________.
A.) Covered
B.) Uncovered
C.) Put
D.) Call - ANSWER✔✔-D.) Call
Which of the following registered principals may approve the purchase of a variable
annuity?I. General Securities Sales Supervisor (Series 9/10)II. General Securities
Principal (Series 24)III. Investment Company Products/Variable Contracts Principal
(Series 26)
COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 3
