Maria is a new client. She is 81 years old, and her monthly living expenses are exceeding her social security income. She has only $8,000 in total assets. Her holdings consist of Class B Mutual Funds. Her dividends and capital gains received from the fund are being reinvested. Which of the following recommendations may be suitable and help Maria?

The FINRA Series 7 exam (the General Securities Representative Qualification Examination (GS)) tests your skills as a general securities representative, including sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options and government securities. Topics tested on Series 7 exam include: Seeks Business for the Broker-Dealer from Customers and Potential Customers; Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives; Provides Customers with Information... Show more

The FINRA Series 7 exam (the General Securities Representative Qualification Examination (GS)) tests your skills as a general securities representative, including sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options and government securities.

Topics tested on Series 7 exam include: Seeks Business for the Broker-Dealer from Customers and Potential Customers; Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives; Provides Customers with Information about Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records; Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions. You must pass the Securities Industry Essentials (SIE) exam and the Series 7 exam to obtain the General Securities Representative registration."
 

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