Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

SIE/Series 7 Top-off Exam Details

Exam Restructuring

On October 1, 2018, FINRA restructured the Series 7 exam. New candidates will be required to pass the Securities Industry Essential (SIE) exam along with a Series 7 Top-off exam to obtain the General Securities Representative Qualification registration. Kaplan has study materials available for the SIE exam as well as the Series 7 Top-off exam

SIE General Information

The FINRA® Securities Industry Essentials (SIE) Exam is a new FINRA exam for prospective securities industry professionals. This introductory-level 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 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.
  • Essentials exam results are valid for four years.

Prerequisites: None

Exam Format: 75 multiple-choice questions

Exam Duration: 1 hours, 45 minutes

Outline of Topics Covered:

  • Knowledge of Capital Markets
  • Understanding Products and Their Risks
  • Understanding Trading, Customer Accounts, and Prohibited Activities
  • Overview of Regulatory Framework

For more exam details, including fees and passing score, please visit FINRA.

Series 7 General Information

The FINRA® Series revised 7, General Securities Representative Qualification "Top-off" Exam, is required of individuals soliciting the purchase or sale of corporate, municipal and U.S. government securities, options, direct participation programs, investment company products, and variable contracts.

Corequisites: SIE Exam

Exam Format: 125 multiple-choice questions

Exam Duration: 3 hours, 45 minutes

Outline of Topics Covered:

  • Seeks business for the broker-dealer from customers and potential customers
  • Opens accounts after obtaining and evaluating customers’ financial profile and investment objectives
  • Provides customers with information about investments, makes suitable recommendations, transfers assets, and maintains appropriate records
  • Obtains and verifies customers’ purchase and sales instructions; processes, completes, and confirms transactions

For more exam details, including fees and passing score, please visit FINRA.

Best Practices

Kaplan has prepared a Best Practices Guideline to help you pass the first time! This guide includes recommended study hours, how to use your study materials effectively, and test-taking tips. Access the guide and other free materials here.

Attention Colorado Students:

Kaplan Financial Education is approved and regulated by the Colorado Department of Higher Education, Private Occupational School Board (DPOS). View the Colorado College Bulletin.

Attention Tennessee Students: 

Kaplan Financial Education is authorized for operation as a postsecondary educational institution by the Tennessee Higher Education Commission. In order to view detailed job placement and graduation information on the programs offered by Kaplan Financial Education, please visit www.state.tn.us/thec and click on the Authorized Institutions Data button.