FINRA SIE and Series 7 flashcards
6 decks · 385 cards · built into Willys · free samples below
Written against: FINRA content outlines; T+1 settlement (May 2024); SECURE 2.0 RMD ages. Updated 2026-10-10.
What's in it
Every deck follows the course outline, with tags you can study or suspend topic by topic. Open a deck to study its free sample right here.
Learn · 4 decks · 265 cards
Concepts, mechanisms and the questions a course or exam asks about them.
Practice · 2 decks · 120 questions
Multiple-choice practice questions, one best answer each, with the reasoning.
Study guide
Topics covered
The decks follow the order of the course outline. Numbers are cards per topic.
- Capital Markets 10
- Equity Securities 10
- Debt Securities 21
- Municipal Securities 8
- Government and Money Market 12
- Packaged Products 16
- Options 8
- Investment Risks 10
- Economic Factors 10
- Orders and Trading 16
- Settlement 5
- Customer Accounts 13
- KYC and AML 12
- Regulators and Laws 11
- Registration 9
- Prohibited Activities 10
- Communications 4
- Customer Protection 10
- Options Basics 10
- Long Calls and Puts 11
- Short Calls and Puts 11
- Covered and Hedged Positions 13
- Straddles and Combinations 8
- Spreads 16
- Index Options 6
- Exercise and Assignment 12
- Accounts and Rules 10
- Suitability 9
- Margin 23
- Municipal Underwriting 12
- Municipal Taxation 11
- Cost Basis and Capital Gains 9
- Retirement Accounts 12
- Direct Participation Programs 7
- Mutual Fund Sales Charges 10
A study plan
- 14 new cards a day covers everything in a month, leaving the last weeks for review.
- 7 new cards a day covers everything in two months, leaving the last weeks for review.
- 5 new cards a day covers everything in three months, leaving the last weeks for review.
Willys schedules reviews for you (FSRS spaced repetition), so the daily number above is only for new cards; reviews of what you have learned come back on their own. Study a topic's cards right after you meet it in class, suspend topics you have not reached yet, and use the app's quiz mode in the final two weeks.
How to get these decks
- Install Willys on your iPhone, iPad or Mac — App Store. 14-day free trial, then $14.99 a year.
- In Willys, tap Exam Library at the top of your Decks (or Browse Exam Library… under the + button), find the exam on its shelf or by search, tick it and tap Add.
- Study. The exam comes in as its own collapsible folder, every card scheduled by FSRS spaced repetition. Nothing you already have is changed.
Every deck is built into Willys
All 6 FINRA SIE and Series 7 decks (385 cards), with FSRS spaced repetition, quizzes and mock tests, on iPhone, iPad and Mac. 14-day free trial, then $14.99 a year.
In Willys, tap Exam Library at the top of your Decks (or Browse Exam Library… under the + button), find the exam on its shelf or by search, tick it and tap Add.
About these cards
Review status: Second-reader reviewed, with corrections applied.
Checked against:
- Checked against the FINRA Securities Industry Essentials (SIE) Examination Content Outline (© 2025 FINRA; topic list only; no text copied).
- Checked against SEC Investor.gov glossaries and TreasuryDirect product descriptions (U.S. government, public domain) for Treasury, TIPS and fund facts.
- Checked against MSRB EMMA education pages for municipal securities and 529 plan facts (reference only).
- Checked against the U.S. Code (12 U.S.C. 1455, 1719, 1721) and FHFA and Ginnie Mae pages for agency and GSE facts (U.S. government, public domain).
- Checked against FINRA rule summaries (Rules 2210, 3260, 4512, 2165, 1240) and SEC releases on T+1 settlement, Regulation Best Interest, Regulation SHO and Regulation S-P (reference only).
- Checked against FinCEN guidance on CTR, SAR and structuring, and SIPC's published coverage explanations (reference only).
- Checked against SEC Investor.gov glossaries, TreasuryDirect product descriptions and MSRB EMMA education pages for product facts, and against FINRA rule summaries and SEC releases on T+1 settlement, Regulation Best Interest and Regulation SHO (reference only).
- Checked against FinCEN guidance on suspicious activity reporting and SIPC's published coverage explanations (reference only).
- Checked against the FINRA Series 7 content outline (© 2025 FINRA; topic list only; no text copied).
- Checked against the OCC's Characteristics and Risks of Standardized Options and OCC exercise-by-exception procedures (reference only).
- Checked against FINRA Rule 2360 (options) and Cboe product specifications for index option style and settlement (reference only).
- Checked against Regulation T (12 CFR Part 220), FINRA Rules 2111 and 4210, and MSRB Rules G-11, G-32 and G-37 (reference only).
- Checked against IRS Publications 550 and 590-A/590-B (U.S. government, public domain) for capital gains, wash sales, qualified dividends, IRAs, rollovers and RMDs.
- Checked against the OCC's Characteristics and Risks of Standardized Options, FINRA Rules 2111, 2360 and 4210, Regulation T (12 CFR Part 220) and MSRB Rules G-11 and G-32 (reference only).
- Checked against IRS Publications 550 and 590-A/590-B (U.S. government, public domain) for capital gains, wash sales, inherited basis, IRAs, rollovers and conversions.
These are independent study notes written for Willys. They are not official exam material, may contain mistakes, and are no substitute for your course, your teacher or the exam owner's own publications. Found an error? Tell us — corrections ship as a new version of the deck.
Not financial, tax or legal advice. These cards prepare you for an exam; rules and figures change, so check current standards before relying on any of it.
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