1|Page
FINRA SERIES 7 Exam Newest 2026 With Complete
Questions And Correct Answers |Already Graded
A+||Newest Version!!|
What type of Investor trades through ECN? - Answer--
Electronic Communication Network
- Fourth Market
- Institutional Investors
What is the max capital loss you can take in a year to
offset capital gains? - Answer-$3,000
What are the Treasury Bill maturities? - Answer-4 weeks,
13, 26, 52
What is 3rd market trading? - Answer-OTC (off the market)
What is Rule 144A? - Answer-Restricted Stock sold
between institutions.
What is the Nominal rate? - Answer-Coupon Rate.
What is the Basis rate? - Answer-Yield to Maturity
,2|Page
Who backs Treasury STRIPS? - Answer-US Government
Who backs Treasury Receipts? - Answer-Broker Dealers
who created it
What is a legal opinion with NO conditions or
contingencies? - Answer-Un-Qualified
What is a legal opinion WITH conditions or contingencies?
- Answer-Qualified
PAC - Planned Amortization Class - Answer--Shortest
Tranche
-Least volatility
-Low Repayment risk
Who needs to sign a New Account Form? - Answer-
Principal
What is a Right? - Answer--Offered to current
shareholders
,3|Page
-Short Term
-Price is below market value
What is a Warrant? - Answer--Long term
-Price is above market value
What is Modern Portfolio Theory? - Answer-A diverse
portfolio of non-correlated assets will maximize returns
while limiting risk.
What is a Moral Obligation Bond? - Answer-A type of
revenue bond in which legislative authority to pay back
bondholders if revenues are insufficient.
What is the maximum sales charge for a Mutual Fund? -
Answer-8.5%
How long is the cooling off period? - Answer-20 calendar
days
How long is the IRS Wash Sale period? - Answer-30
calendar days
, 4|Page
What is Regulation S-P? - Answer-Enacted by the SEC to
protect the privacy of client information.
What is Regulation SHO? - Answer-Mandates a location
requirement for securities to be sold short before the short
sale.
What is the max of a 12B1 charge to be considered a No
Load? - Answer-0.25%
What is the penalty for excess contributions to an IRA? -
Answer-6%
What is the penalty for premature distributions from an
IRA? - Answer-10%
What is a Limited Power of Attorney allowed to do in an
account? - Answer-Enter Trades Only
What is a Full Power of Attorney allowed to do in an
account? - Answer-Enter Trades and Withdraw Assets.
FINRA SERIES 7 Exam Newest 2026 With Complete
Questions And Correct Answers |Already Graded
A+||Newest Version!!|
What type of Investor trades through ECN? - Answer--
Electronic Communication Network
- Fourth Market
- Institutional Investors
What is the max capital loss you can take in a year to
offset capital gains? - Answer-$3,000
What are the Treasury Bill maturities? - Answer-4 weeks,
13, 26, 52
What is 3rd market trading? - Answer-OTC (off the market)
What is Rule 144A? - Answer-Restricted Stock sold
between institutions.
What is the Nominal rate? - Answer-Coupon Rate.
What is the Basis rate? - Answer-Yield to Maturity
,2|Page
Who backs Treasury STRIPS? - Answer-US Government
Who backs Treasury Receipts? - Answer-Broker Dealers
who created it
What is a legal opinion with NO conditions or
contingencies? - Answer-Un-Qualified
What is a legal opinion WITH conditions or contingencies?
- Answer-Qualified
PAC - Planned Amortization Class - Answer--Shortest
Tranche
-Least volatility
-Low Repayment risk
Who needs to sign a New Account Form? - Answer-
Principal
What is a Right? - Answer--Offered to current
shareholders
,3|Page
-Short Term
-Price is below market value
What is a Warrant? - Answer--Long term
-Price is above market value
What is Modern Portfolio Theory? - Answer-A diverse
portfolio of non-correlated assets will maximize returns
while limiting risk.
What is a Moral Obligation Bond? - Answer-A type of
revenue bond in which legislative authority to pay back
bondholders if revenues are insufficient.
What is the maximum sales charge for a Mutual Fund? -
Answer-8.5%
How long is the cooling off period? - Answer-20 calendar
days
How long is the IRS Wash Sale period? - Answer-30
calendar days
, 4|Page
What is Regulation S-P? - Answer-Enacted by the SEC to
protect the privacy of client information.
What is Regulation SHO? - Answer-Mandates a location
requirement for securities to be sold short before the short
sale.
What is the max of a 12B1 charge to be considered a No
Load? - Answer-0.25%
What is the penalty for excess contributions to an IRA? -
Answer-6%
What is the penalty for premature distributions from an
IRA? - Answer-10%
What is a Limited Power of Attorney allowed to do in an
account? - Answer-Enter Trades Only
What is a Full Power of Attorney allowed to do in an
account? - Answer-Enter Trades and Withdraw Assets.
