Series 7 Mastery Get the book

Updates

Series 7 Rule Updates and Errata

Securities rules and dollar limits change. This page tracks every change that affects the Series 7 exam and the 2026–2027 Edition of Series 7 Mastery, newest first.

By Muhammad Babar, MBA · Updated

Errata

No errors have been reported in the published 2026–2027 Edition. If you find one, report it and the correction will be listed on this page.

Exam fees

FINRA's current fees are $395 for the Series 7 and $100 for the SIE. See the Series 7 exam guide.

Rule changes affecting the Series 7

  • Upcoming: shorter retake waiting periods

    Under FINRA Regulatory Notice 26-18, the wait after a first or second failed attempt drops from 30 to 15 days, and after a third consecutive failure from 180 to 60 days. Chapter 1 teaches the 30- and 180-day waits in effect at publication.

  • FINRA Rule 3290 approved

    The SEC approved FINRA Rule 3290 (Outside Activities), which will replace Rules 3270 and 3280. FINRA has not yet announced an effective date, so Rules 3270 and 3280 still apply. Chapter 19.

  • Intraday margin standards take effect

    The pattern day trader designation and the $25,000 minimum equity requirement are replaced by intraday margin standards under FINRA Rule 4210. Firms may phase in implementation through October 20, 2027. Chapter 17.

  • MSRB gift limit raised to $300

    MSRB Rule G-20's gift limit rises from $100 to $300 for FINRA-member dealers (bank dealers and municipal advisors from December 1, 2026). Chapter 9.

  • FINRA gift limit raised to $300

    FINRA Rule 3220 now permits gifts of up to $300 per person per year, up from $100. Chapter 19.

  • 2026 tax and retirement limits

    IRA $7,500 (+$1,100 catch-up); 401(k), 403(b) and 457 $24,500 (+$8,000, or $11,250 at ages 60–63); SIMPLE $17,000; SEP up to $72,000; Roth phase-outs $153,000–$168,000 single and $242,000–$252,000 joint; gift exclusion $19,000; lifetime exemption $15 million; 529 K–12 limit $20,000. Chapters 4 and 16.

Always confirm current requirements with FINRA, the SEC, the MSRB and your sponsoring firm before your exam date. FINRA publishes the official Series 7 content outline.