Series 7 Exam Practice Test Explication on Shared Screen with Test Taker. Pause, Answer, Play.

86 The delivery requirement for a confirmation of a customer transaction is at or before completion of a transaction. The completion of a transaction is the transaction's settlement date. With regular way settlement being T+2, the exception (the false statement) is within one business day of the transaction. SEC Rule 10b-10 lists all of the requirements for the contents of a customer confirmation including indicating the broker-dealer's status as a market maker if that is the case.

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Practice your test-taking skills, drill into specific topics, and test your knowledge with exam-focused questions. This interactive Kaplan QBank is updated on a regular basis and allows you to build personalized exams based on length and topic of your choice. It features unlimited exam attempts that are randomly generated. The Kaplan QBank also gives you the ability to:

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3. Review your performance on previously taken exams.
4. Track time spent on a question and/or exam.
5. Find in-depth rationales for each question and locate where you can learn more.
6. Build simulated exams to provide a comprehensive test review of all material.

[SeriesGuru]

Kaplan Q Bank is $55.25 with Guru15 discount code at checkout. The Guru15 15% discount code is good for all Kaplan products and services.

[coleboyd]

Hey Dean, I came across your page initially for my SIE a few months ago, so I figured I’d reference your page again for my series 7. I just wanted to let you know I took the exam today and passed!! Thank you so much for the content. I know many other besides myself have found this to be extremely helpful

[BobCalaway]

That was impressive and it helped a lot! Your deduction and thought process on answers was phenomenal! Congrats!

[toothdaddy]

Dean I passed my SIE thanks to you! I’m going to continue to watch your videos to help me pass the 7. I can’t thank you enough! :)

[maggieedwards]

I have been using STC for my main study material. These qbank questions are tougher. I learned alot from this video, thanks for posting!

[derrickhector]

Perfect and congrats. This has been helpful!

[thiessyboyyy]

Hi Dean, thanks for all of these videos. I'm using ExamFX and was taught that (question 91 margin maintenance) minimum maintenance is 25%, not 30%. This is per FINRA I'm being told and what I'm seeing on google (double checking my own thought). From this I have two questions:

1) If you are selling short 500 shares at $80 ($40, 000 total) you have Reg T of 20k and maintenance based on 25% of $10, 000

...but because the question states 'before regular way settlement, stock falls to 60 per share' it is now valued at $30, 000. From $30k, I understand that $9k is the 30% maintenance. If I have to switch my thinking to 30% from 25% that's not a problem, but it leads me to my second question.

2) why would this maintenance question be based off the value before regular way settlement instead of what the customer sold short in the first place?

[shawn]

Just passed my series 7, 1st try. Thanks for the videos. They are really helpful and a nice compliment to my Kaplan study materials

[maxgreseth]

For question 47, why do you say it's certainly not going to be an industrial revenue bond? aren't they federal and state tax-exempt?

[EthanAlessi-dbho]

very happy i am joining the basic options class tonight

[maxgreseth]

Hey, just a little pushback on question 16. Couldn't Inflation rising be good for bonds depending on how you look at it? It could be good because rising inflation means the Fed would increase interest rates to slow inflation. Making it a good time to buy high-interest-rate bonds. When the fed cuts interest rates after inflation has lowered you would then have a really good-looking bond assuming it was not callable. Am I wrong here?

[ryancarrier]

Hey dean I commented earlier on a different video letting you know I passed the sie. (Mostly in part to your awesomeness)
I was wondering what you think the best course of action would be for studying for the s66. I have stc and so far have been writing everything I see on the slides. I feel like there has to be a better way to approach this one. If you have any tips I’d greatly appreciate them.

[douglasfeliciano]

Passed my SIE now moving onto the seven. It seems like a lot of overlap, do you recommend going through the Kaplan seven book start to finish after studying for and passing the SIE?

[marissamadera]

Hi, for questions 3 wouldn’t it be 1000 since it’s below the minimum requirement and you have to double it to get out of the restricted account?

[trebarnes]

Hey Dean, isn't the Code of Arbitration not binding on customers if they refuse to sign it? Questions like this bother me. I guess for the test it is safe to assume that they signed the agreement to arbitrate if they've become a customer?

[ruchikabhoyar]

Hi Dean, my exam is on Thursday. Scored 63%on STC Greenlight exam . Not sure if I should appear for the final exam

[ryankramer]

On question 74 why does earnings go to 2 when the problem says earnings are unchanged?

[danielplascencia]

In a JTROS if one person dies can the other person continue trading in that acct

[JennyKlismet]

Are you offering any series 7 courses right now?

[pageabouteverything]

What did that kid use to study cuz i need it too