Kate Cunningham is the newest member of the Condon Sullivan team and joins us with over 25 years of experience in the financial services field. To learn more about Kate, click here.
We are pleased to announce that Kate Cunningham passed Series 7 exam in March 2021!
The Series 7 exam, also called the General Securities Representative Exam, is a regulatory licensing exam administered by FINRA to assess the competency of entry-level finance professionals involved in the selling, trading or dealing of securities. The Series 7 is one of the most widely administered of FINRA’s regulatory exams.
For a financial professional to obtain the General Securities Representative registration, there are a series of exams that must be passed. First, one must pass the Securities Industry Essentials (SIE) exam followed by the Series 7 exam.
ABOUT THE SIE and Series 7 Exam
The Securities Industry Essentials (SIE or Essentials) Exam is a FINRA exam for prospective or entry-level securities industry professionals. The exam assesses a candidate’s knowledge of basic securities industry information including 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 Series 7 exam — the General Securities Representative Qualification Examination (GS) — assesses the competency of an entry-level registered representative to perform his or her job as a general securities representative.
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a general securities representative, including sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options and government securities.
Candidates must be associated with and sponsored by a FINRA member firm or other applicable self-regulatory organization (SRO) member firm to be eligible to take FINRA qualifications exams. For more information on eligibility requirements, refer to FINRA Rule 1220(b)(2).
Source: https://www.finra.org/industry/series7 and https://www.finra.org/industry/essentials-exam