FINRA free flashcards
7 real Series-7 flashcards, sampled across every domain the exam tests. Each concept card is paired with the misconception card built from the tempting wrong answer - the trap most decks skip. No account, no card.
The full deck has 410 flashcards. For a domain-by-domain breakdown and a study plan, read the Series-7 study guide.
What repayment source distinguishes a general obligation (GO) bond from a revenue bond?
A GO bond rests on the issuer's taxing power and general credit, so it typically needs voter approval, whereas a revenue bond is self-supporting and repaid only from the financed facility's revenues.
A GO bond is serviced from the earnings of a single toll facility, while a revenue bond is serviced from ad valorem property taxes.
This names real repayment sources but reverses them: facility earnings back revenue bonds and ad valorem taxes back GO bonds, so the pairing is exactly backwards.
Relative to the current market, where is a buy stop order placed, and what position does it typically protect?
A buy stop rests above the current market and is elected when the stock trades at or through the trigger. It is most often used to cap losses on a short sale, or to buy on upside momentum. It gives no execution price guarantee once triggered.
When one co-owner of a joint account dies, how does JTWROS differ from tenants in common in where that interest goes?
JTWROS carries a right of survivorship, so the whole account vests in the survivor automatically by operation of law. Tenants in common holds a divisible fractional interest, so the deceased's share is disposed of through their estate.
The custodian of a UTMA account may trade on margin and pledge the account's securities to pursue higher returns for the minor.
Margin and hypothecation sound like custodial powers, but a custodial account must be a cash account managed prudently, so leverage is not permitted.
Under FINRA Rule 2210, what audience count separates 'correspondence' from a 'retail communication'?
Rule 2210 sorts written communications by how many retail investors they reach within a rolling 30 calendar-day window. A piece sent to 25 or fewer retail investors is correspondence; one sent to more than 25 is a retail communication, which triggers stricter approval and filing duties.
Is an email of market commentary to 60 retail clients correspondence, needing only post-use review?
Email to existing clients often feels like correspondence, but correspondence is capped at 25 or fewer retail investors in 30 days; reaching 60 pushes it over the line into a retail communication.
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Yes. Every card on this page is free to read with no sign-up. The full deck has 410 flashcards; drop your email below and we will keep you posted, or create a free account to study the rest.
A card built from a tempting wrong answer in our question bank, naming the trap and explaining why it fails. Most flashcard decks only drill the fact (a concept card); we pair each one with the misconception the exam actually tests you against.
No. These are original flashcards written from our own blueprint-aligned practice questions. We never reproduce live exam items or vendor material.
410 cards spread across all 4 domains. For the full domain-by-domain breakdown, read the study guide.
Examworthy is not affiliated with or endorsed by FINRA. All flashcards are original, drawn from our own blueprint-aligned practice questions. We never reproduce live exam items. Series-7 and related marks belong to their respective owners.
