Series 7 Law and Legal Definition

Series 7 is a proficiency examination administered to all potential stock brokers by the National Association of Securities Dealers (NASD). Series 7 examines basic knowledge of securities markets and investment products such as stocks, bonds, and options. Successful completion permits the examinee to be licensed to sell securities through a sponsoring brokerage firm. Holders of a Series 7 license are known as registered representatives.