Series 11 License

How To Become A Stock Broker By Earning A FINRA Series 7 License: Requirements, Costs, And Test Prep Hints

Requirements To Take The FINRA Series 7 Securities Exam

If you want to become a stock broker, you are required to take both a Securities Industry Essentials (SIE) exam and a Series 7 exam. AB Training Center provides provides both SIE and the Series 7 license review courses in a variety of formats so you can choose the method of study that will help you the most. You can choose between online training courses, self-study courses, or in-person classes.

These courses will help you prepare so you can confidently answer each of the Series 7 exam questions that will appear on your test. So regardless of the format you choose, you can be confident that our SIE and series 7 review packages will give you the knowledge and the skills you need to pass your exam on the first try.

About The SIE Exam Requirements And Information

The SIE is an introductory-level exam that assesses a candidate's knowledge of basic securities industry information and concepts fundamental to working in the industry, such as types of products and their risks, the structure of the securities industry markets, regulatory agencies and their functions, and prohibited practices.

The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.

There are no pre-requisites to taking the Securities Industry Essentials Exam, and once you pass your SIE exam, you have one full year to study for and pass your Series 7 exam.

How To Become A Stockbroker By Passing The FINRA Series 7 License Exam

The following are steps for how to pass the series 7 licensing exam and become a stockbroker. You can do many of these at your own pace, so you can work toward your Series 7 license on a timeline that works for your needs. Steps include:

• Prepare for and Take the SIE
  The SIE is a new exam designed by FINRA to reduce subject matter redundancy between current Series exams. Questions on the SIE exam test your general knowledge of financial activities.
  
  You can choose to take the SIE either before or after your Top Off exam. However, many people find it much easier to obtain sponsorship - a required step before registering for the Series 7 exam - after they've passed their SIE exam.
• Obtain a Sponsorship by a FINRA Member Firm
  Before you can register for your Series 7 exam, FINRA requires you to be associated with and sponsored by a FINRA or self-regulatory organization member firm. Your firm will register you for the exam by filling out a Form U4 (Uniform Application for Securities Industry Registration or Transfer Form) through the FINRA website. At this time, you'll be fingerprinted and undergo a background check.
• Study for the Series 7 Exam
  After your sponsorship, you can start studying to take your Series 7 Top Off exam, either before or after passing your SIE. It covers numerous topics related to a stockbroker's four main job functions. To ace your exam, you'll need a comprehensive study plan that accounts for each of its four aspects. At AB Training Center, we provide all the tools and support necessary for outstanding success, including live and online seminars, online study guides, practice tests, printed materials and more.
• Pass the Exam to Receive Your Series 7 Licence
  You'll need a score of 72 percent or better to pass your Series 7 exam and receive your license.

What Does A Stock Broker Do?

A stock broker (aka a registered representative, investment adviser, or broker) is a professional who makes suggestions, executes buy and sell orders for stocks, bonds, and other securities, and helps to manage the financial portfolios of clients. You'll be qualified as a stock broker upon passing your Series 7 exam, with covered activities and products including:

• Securities such as such as stocks, bonds, mutual funds, and ETFs
• Corporate Bonds
• Municipal bonds and government securities
• Limited Partnerships
• Money market funds
• Fixed and Variable Annuities
• Commodities and Futures
• Retirement planning and financial planning

Choose ABTrainingCenter.com For Your Series 7 License And Test Prep Materials

If you're ready to prepare for a prosperous future as a stock broker, AB Training Center offers you the tools you need for success on your SIE and Series 7 exams.

Since 1994, we've helped thousands of rising financial professionals across the country ace their Series exams and find ongoing success and enjoyment in their profession. We've teamed with industry leaders like Kaplan Financial to offer numerous affordable course options to meet your needs.

Get the tools you need to ace your Series 7 exam. Contact us today for more information, or click on the available courses above to enroll in your SIE and Series 7 prep.

Related Links

• View Securities Licensing Information And Courses For Other License Types
• How To Earn Your Securities License
• How Long To Study For Your Securities License
• How To Pass The Series 7 Top-Off Exam
• How To Become A Stockbroker / Registered Representative
• How To Earn An Insurance License And Become An Insurance Agent