How much does the Series 7 exam cost?
The Series 7 exam costs $315 to take through FINRA, the Financial Industry Regulatory Authority.
Detailed Answer
The Series 7 exam, also known as the General Securities Representative Qualification Examination, is required for individuals who wish to become registered representatives and sell securities in the United States.
The $315 exam fee is set by FINRA, the self-regulatory organization that develops and administers the Series 7 exam.
This fee covers the cost of taking the exam at one of FINRA's authorized testing centers located across the country.
The fee must be paid when scheduling the exam appointment and is non-refundable, even if the candidate decides to cancel or does not show up for the scheduled exam.
Candidates are allowed to retake the exam if needed, but they will be required to pay the $315 fee again for each additional attempt.
Employers or sponsoring firms may cover the cost of the Series 7 exam for their registered representatives.
Tips & Recommendations
- Be sure to schedule your Series 7 exam appointment well in advance, as testing centers can fill up quickly, especially during peak exam periods.
- Explore payment options with your employer or sponsoring firm to see if they will cover the cost of the Series 7 exam as part of your professional development.
- Factor the $315 exam fee into your overall preparation budget when planning to take the Series 7 exam.
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