Customer Reviews

Series 7 Securities Licensing Review Questions Exam Cram

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Man, I should have read the reviews on this book first. I missed passing the Series 7 by 13 questions a month ago, so I was looking for additional study materials to help me get over the hump. I bought this book at the store before reading the reviews. Man, what a waste of my money. Just like the others, I have contacted the company with the errors that I have found, missing answers, and just plain mismatching with the book. I cannot trust this book as a study aid and neither should you.

Example question:
Retirement Accounts - from book #5 (page 358) (QID 755) - Which of the following types of investments are permitted to be made in an individual retirement account?

I. Mutual Funds
II. Antiques
III. Precious Stones
IV. Gold and Silver coins

A. I only
B. II and III
C. I, II, and III
D. I and IV

Answer: Book = D / CD-Rom = C

The Explaination option on the CD-Rom even states the following: "An individual retirement account is permitted to make investments in such securities as mutual funds, certificates of deposit, gold and silver coins minted in the United States, and brokerage accounts. It is not permitted to invest in such speculative investments as art work or antiques."

It even says it in the explaination that antiques are not permitted, yet the answer on the CD-Rom says it is!!!

Do not waste your time with this book. Look for other study aids from Dearborn or Securities Training Corporation (STC) or check with your sponsoring institution on their suggestions (and hope that it's not this book).

I bought this book primarily to supplement the other study materials I have and for a few extra practice tests, and I have been tremendously disappointed. The number of errors in the CD-ROM is absolutely shocking. Between the questions that don't give all the information needed to answer the question, the questions that are marked wrong, when they are, in fact, correct, and the questions that don't even give the correct answer as a choice, this is more of a burden than a study tool.
In short, the quality of this product leaves a lot to be desired.

If you are taking the Series 7 do not waste your time with this book! There are far too many problems that are incorrect or do not coincide with the disk/book.

I had to email the company about problems with the disk and the book too many times... Series 7 candidates do not have the time to waste on dealing with this. I am going to request a refund for my money.

First thing I did after the exam was check the copyright date because I was certain I had purchased an outdated version - Nope it was dated 2005. Setting aside the numerous editing errors and software glitches, the book falls meaningfully short of the scope of material covered on the test.

I got this book primarily for the practice tests on CD. When taking the tests, I enter the correct answer (even stated correct on the explanation) but the program marks it incorrect. I have to keep a running tally of the problem questions in order to recalculate my overall scores - usually anywhere in the neighborhood of 5-8% higher after I factor the bad questions out.

You can read the other reviews for the "why" but I just had to add my voice to theirs in saying that this is the worst study aid I have ever encountered. Now I know why it was the only one left in the bookstore when I purchased it. I didn't think you could publish something with so many errors or blatantly wrong answers.

After missing the mark on the Series 7 by only one question (yes, one lousy question), I bought this book to provide me with additional practice. Yes, there are many errors and it is quite frustrating. But, the other problem is that the book covers what my STC instructor deems "untestable items." In other words, don't waste your time. The Dummies Guide is a much beter supplement.

So many of the questions and answers are incorrect - just blatently wrong. It would probably be more misleading to read this then to not.

I was going over the options chapter, a very critical part of the series 7 and there were mistakes...on repeating questions and wrong explainations, also the explainations are not sufficient enough.