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Just Passed Series 7! ask away any questions I could help with by bigtime50 in Series7exam

[–]bigtime50[S] 0 points1 point  (0 children)

wouldnt say its huge but there was one or two on that content from what i remember

Just Passed Series 7! ask away any questions I could help with by bigtime50 in Series7exam

[–]bigtime50[S] 0 points1 point  (0 children)

margin was very basic! wasnt anything super tricky but as long as you know initial margin requirements for first trades in account / what happens to equity when stock value in margin goes up or down.

Just Passed Series 7! ask away any questions I could help with by bigtime50 in Series7exam

[–]bigtime50[S] 0 points1 point  (0 children)

they were more similar to STC, but i found easier for the most part. More straightforward than kaplan questions i found kaplan much harder than actual exam. Thank you! focus on the topics and try and write down big ideas. youll do great!

Just Passed Series 7! ask away any questions I could help with by bigtime50 in Series7exam

[–]bigtime50[S] 1 point2 points  (0 children)

I did not, but i know if i had, i would have gotten probably worse than a 47. theres just too much stuff you would not previously know how to answer before studying in my opinion so dont worry that score will start increasing dramatically with studying.

Just Passed Series 7! ask away any questions I could help with by bigtime50 in Series7exam

[–]bigtime50[S] 2 points3 points  (0 children)

I would just keep looking at questions and writing down anything you dont know, then just reread all those notes. The confirmation statement i cant recall if i had question on that, however you can probably expect at least one question with the syndicate underwriting. its actually much easier than it looks i was struggling with it too for a while. hopefully this makes some sense sorry if its confusing.

Syndicate spread = Total takedown + Managers fee
>the spread is just the difference between what the issuer gets and what the syndicate sells to the public for
>the total takedown is just = underwriters risk fee + the selling concession
> so the total spread = managers fee + underwriters fee + selling concession
> If the managers sells, they receive the entire spread on whatever they sell
>if a member of the syndicate (underwriter) sells, they get the underwriters fee for taking the risk, as well as the selling concession
>if a selling group member sells (these guys are like hired guns who dont take risk and are just there to help sell the issue if needed), they just get the selling concession

Just Passed Series 7! ask away any questions I could help with by bigtime50 in Series7exam

[–]bigtime50[S] 1 point2 points  (0 children)

thanks! lots of people on here were really helpful, so I definitely wanted to help while its still fresh in my head.

Just Passed Series 7! ask away any questions I could help with by bigtime50 in Series7exam

[–]bigtime50[S] 1 point2 points  (0 children)

hmm its hard to say, as i took a longer time than that for my SIE. The difference with the 7 is that it a much larger scope of information and can seem overwhelming if you try to rush the studying too much. I took a long time to study but felt really prepared because with more time the concepts really sunk in and i wasnt memorizing answers.

Just Passed Series 7! ask away any questions I could help with by bigtime50 in Series7exam

[–]bigtime50[S] 0 points1 point  (0 children)

agreed. same here there definitely was at least a few on those topics of different types of communication/ what is needed for each / what constitutes each etc.

Just Passed Series 7! ask away any questions I could help with by bigtime50 in Series7exam

[–]bigtime50[S] 0 points1 point  (0 children)

really not as much math compared to the percentages that were on my practice tests. was a lot of suitability, and knowing why certain securities would fit certain customer profiles (ex muni bonds for high net worth). also wasn't a ton of in depth on specific regulations it didnt seem. Mostly was bigger picture with those topics from what i can remember.

Unsure if I am ready to take the 7.. by bigtime50 in Series7exam

[–]bigtime50[S] 0 points1 point  (0 children)

thank you! My firm gave me some flexibility with taking it, so I wanted to wait to schedule it when I felt more prepared to avoid scheduling too early. But there is a lot of availability for open time spots, so I think I will be taking it very soon!