The Series 7 exam, officially known as the General Securities Representative Exam, is a licensing test administered by the Financial Industry Regulatory Authority (FINRA). It assesses a candidate's knowledge of various financial products, regulations, and market practices necessary for a career in the securities industry. Passing this exam is a requirement for individuals seeking to become registered representatives. The Series 7 covers a wide range of topics, including stocks, bonds, mutual funds, and options. It also tests understanding of customer accounts, trading processes, and regulatory requirements. Successful completion allows individuals to engage in the buying and selling of securities on behalf of clients.