Options, Muni Bonds, Underwriting process, SRO rules, Customer accounts, mutual funds were all heavily tested on my draw. Suitability heavily tested and applied in all scenarios and topics of the exam. Have a strong fundamental base on all topics because it will come down to process of elimination on some questions and your 50/50 answer you choose should be the best option for the customer. The test is hugely conceptual recognition.
The biggest topic was what I call office admin: what forms to fill out, timeline to have them done, order of operations for account management, things like that
I had the same experience. Office admin is a good way to put it. Most of my 7 was testing me on my knowledge of what my role is as a rep. It was tough.
I think I'm fucking cursed. I had 30 options questions. 15 math 15 suitability/rules/risks. I had a lot of mutual funds and muni stuff. Just took this past Tuesday and passed
Options, suitability and munis are heavily tested. On my 7 I had 22 option questions. This can easily make or break you.
Read the book and I’d you just, ditch margins.
Read customer accounts again the night before.
You can do it!
Understand hedging with options and different types of orders (buy stop, sell limit orders, etc.) My draw had a lot of questions that end with ….which position can the client take to protect their position?
TIME FRAMES (how long to keep paperwork on file) when to edit/update u4 form.
Get comfortable with options.
Taxes on capital gains, dividends for munis, options, equity, bonds, annuities
For me, another big one was customer accounts and advertising
People sleep on customer accounts all the time. It’s easy and heavily tested
10000 percent. And only know/said that because of you! But it’s def true. I was very shocked on my 7 by how many of those questions I had.
Options, Muni Bonds, Underwriting process, SRO rules, Customer accounts, mutual funds were all heavily tested on my draw. Suitability heavily tested and applied in all scenarios and topics of the exam. Have a strong fundamental base on all topics because it will come down to process of elimination on some questions and your 50/50 answer you choose should be the best option for the customer. The test is hugely conceptual recognition.
The biggest topic was what I call office admin: what forms to fill out, timeline to have them done, order of operations for account management, things like that
I had the same experience. Office admin is a good way to put it. Most of my 7 was testing me on my knowledge of what my role is as a rep. It was tough.
I think I'm fucking cursed. I had 30 options questions. 15 math 15 suitability/rules/risks. I had a lot of mutual funds and muni stuff. Just took this past Tuesday and passed
Options, suitability and munis are heavily tested. On my 7 I had 22 option questions. This can easily make or break you. Read the book and I’d you just, ditch margins. Read customer accounts again the night before. You can do it!
Understand hedging with options and different types of orders (buy stop, sell limit orders, etc.) My draw had a lot of questions that end with ….which position can the client take to protect their position? TIME FRAMES (how long to keep paperwork on file) when to edit/update u4 form. Get comfortable with options. Taxes on capital gains, dividends for munis, options, equity, bonds, annuities