General Securities Representative Qualification Examination — Information & Free Practice

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General Securities Representative Qualification Examination

Provider: FINRA
Format: Multiple choice
Exam questions: Total questions: 130; Scored questions: 125; Unscored questions: 5; The total includes the scored and unscored questions.
Time limit: 3 hours and 45 minutes

Examination outline

Seeks Business for the Broker-Dealer from Customers and Potential Customers (7%)
- Contacts current and potential customers
- Describes investment products and services
Opens Accounts After Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives (9%)
- Informs customers of account types and restrictions
- Obtains customer information and documentation
- Obtains customer investment profile information
- Obtains supervisory approvals to open accounts
Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records (73%)
- Provides investment and market information to customers
- Reviews customer profiles and recommendations
- Provides investment product disclosures
- Communicates account information and retains documentation
Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions (11%)
- Provides current quotes
- Processes and confirms customer transactions
- Resolves discrepancies, disputes, errors and complaints
- Addresses margin issues

Examination sources

This examination may be required or accepted as an alternative, depending on the license and application pathway.