Monthly Archives: September 2014

Taking a regulatory exam can be a stressful experience. However, if you know what to expect beforehand, it will not be a traumatic one.

The FINRA Regulatory Examination Committee has zero tolerance for cheating. It goes to great lengths to prevent it, and has fined and suspended associated persons caught cheating from working with a FINRA member.

When you arrive at the examination center, you will be asked for up-to-date, government-issued picture identification such as a driver’s license or passport. A locker will be provided for coats, purses, phones, and other belongings. The only possessions permitted in the testing room are identification and locker key.

You will be fingerprinted, scanned with a metal detector, and instructed to empty your pockets. When you enter the testing room, you’ll be provided with a basic calculator that does basic addition, subtraction, multiplication, division but no exponent capability, as well as writing materials. The materials are usually a fine-tip, dry-erase marker and some form of dry-erase board. It’s usually three sheets of the dry-erase paper on a key ring, so you may need to flip back and forth if you make notes.

People will be taking different types of exams. While the room will be quiet, some centers supply headphones for those who are easily distracted. Centers usually videotape their testing room, so expect to see cameras.

Before starting, you will be given a tutorial on how the system works, how to choose answers, and how to grade your exam. A few students have commented that the fonts and feel of the software seem dated but, aesthetics aside, the functions (e.g., mark for review) will be similar to your STC Practice Exams.

You are allowed restroom breaks during the exam. However, the exam timer does not stop. If you finish all the questions early, you are allowed to leave, although the time you save does not carry over to an afternoon session. Each time you take a break, you will be required to place your fingers in the scan and show identification.

There is a maximum 60-minute break between the two parts of the Series 7 Examination. During this time, you are permitted to leave the building. Most students don’t wander far, often returning before the time is up. The two parts are like two separate exams. You can’t go back to Part One to revisit the questions, and you don’t learn your final score until you complete the second part.

After you choose to grade the exam, it takes approximately 30 to 40 seconds for the computer screen to display your score. As you leave the testing room, the center will collect the calculator and writing materials and will give you a paper copy of your grade—hopefully a passing one.

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Thanks for spending time with us. We hope you found it worthwhile.

—Securities Training Corporation


Continuing our series of videos about answering questions methodically; here’s a video about how to answer a Series 63/65/66 question. Click the link below to view it.

Thanks for spending time with us. We hope you found it worthwhile.

—Securities Training Corporation