# Series 7 - Failed 68%

**URL:** <https://talk.achievable.me/t/series-7-failed-68/5782>\
**Category:** FINRA\
**Created:** [July 25, 2024, 9:54pm UTC](https://talk.achievable.me/t/series-7-failed-68/5782 "2024-07-25T21:54:42Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Lena\_Schulist](https://talk.achievable.me/letter_avatar/lena_schulist/32/6_22734026db12803ebb3e059622ac3534.png) [@Lena\_Schulist](https://talk.achievable.me/u/Lena_Schulist)\
**Post date:** [July 25, 2024, 9:54pm UTC](https://talk.achievable.me/t/series-7-failed-68/5782/1 "2024-07-25T21:54:42Z")

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Welp, I thought I had it in the bag but the questions were so convoluted and I swear it asked everything I didn’t study! Perhaps it was a death draw, but I know I did forget some things, which led to having a low scoring in Section 4. Any recommendations on what to hone in on? At least I’m close and hopefully it’ll happen next month! One thing they brought up twice that I haven’t seen directly was “venture capital” funds. What is that specifically? Is that a fancy word for small businesses testing the market?

Thanks!

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**Author:** ![Justin](https://talk.achievable.me/user_avatar/talk.achievable.me/justin/32/41_2.png) [@Justin](https://talk.achievable.me/u/Justin)\
**Post date:** [July 26, 2024, 7:28pm UTC](https://talk.achievable.me/t/series-7-failed-68/5782/2 "2024-07-26T19:28:12Z")

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I’m sorry to hear that - it looks like you were right on the edge and the cards fell the wrong way. Here are some of the most relevant sections to review:

**Function 4: Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes and Confirms Transactions - biggest topics:**

- Order types
  - [Market orders](https://app.achievable.me/study/finra-series-7/learn/secondary-market-customer-orders-market-orders)
  - [Limit orders](https://app.achievable.me/study/finra-series-7/learn/secondary-market-customer-orders-limit-orders)
  - [Stop orders](https://app.achievable.me/study/finra-series-7/learn/the-secondary-market-customer-orders-stop-orders)
  - [Stop limit orders](https://app.achievable.me/study/finra-series-7/learn/secondary-market-customer-orders-stop-limit-orders)
  - [Additional order specifications](https://app.achievable.me/study/finra-series-7/learn/the-secondary-market-customer-orders-additional-specifications)
  - [Rules](https://app.achievable.me/study/finra-series-7/learn/the-secondary-market-customer-orders-rules)

- [Roles, transactions, and spreads](https://app.achievable.me/study/finra-series-7/learn/secondary-market-roles-transactions-and-spreads)
- [Dispute resolution](https://app.achievable.me/study/finra-series-7/learn/brokerage-accounts-dispute-resolution)
- [Form U-4 reporting requirements](https://app.achievable.me/study/finra-series-7/learn/rules-and-ethics-the-regulators)

We’ve only heard about venture capital funds showing up a couple of times in the past year, so we think this is an experimental question. VC funds are basically just hedge funds or private equity companies that invest in non-public startup companies. They raise capital from larger investment funds and buy equity in startup companies, hoping to sell it in a few years at a huge profit. In what context did you see them mentioned?

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**Author:** ![FireFish](https://talk.achievable.me/user_avatar/talk.achievable.me/firefish/32/1051_2.png) [@FireFish](https://talk.achievable.me/u/FireFish)\
**Post date:** [July 26, 2024, 8:06pm UTC](https://talk.achievable.me/t/series-7-failed-68/5782/3 "2024-07-26T20:06:56Z")

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Def. experimental question