View source for Series 7

== First hurdle ==

The Series 7 exam aims to test a wide range of market knowledge as well as all the functions and responsibilities of an RR and candidates must score at least 70% to pass. FINRA states on its website that the Series 7 "is intended to safeguard the investing public by helping to ensure that registered representatives are competent to perform their jobs."<ref>{{cite web|url=http://www.finra.org/web/groups/industry/@ip/@comp/@regis/documents/industry/p038201.pdf|name=Content Outline for the General Securities Registered Representative Examination (Test Series 7)|org=FINRA|date=September 7, 2008}}</ref>  The actual exam lasts for six hours and contains 260 multiple-choice questions, of which 250 are scored.

Failing the tough exam first time means waiting at least one month to re-take it and paying additional registration fees, so most candidates use study guides<ref>{{cite web|url=http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470099321.html|name=Series 7 Exam For Dummies|org=Wiley.com|date=September 7, 2008}}</ref> and online resources like wiki website SevenHelp.com.<ref>{{cite web|url=http://www.sevenhelp.com
|name=Need Free Series 7 Help?|org=SevenHelp.com|date=September 7, 2008}}</ref> SevenHelp, like [[MarketsWiki]], accumulates knowledge from site users - mostly Series 7 exam-takers but also tuition and related services - to educate all its users.