Free Series 79 – Investment Banking Representative Exam Questions and Answers
Series 79 – Investment Banking Representative Exam is part of FINRA qualification examinations from the Financial Industry Regulatory Authority. FINRA administers the qualification examinations for the US securities industry, including exams it delivers on behalf of other bodies — the Series 63, 65 and 66 are NASAA exams sat through the same system. Passing scores are set per exam rather than shared across the programme.
The first 10 questions on this page are free to read, answers included — no account and no card. A plan opens the rest of the bank, the full timed practice test and your weak-topic reporting.
Last updated: September 16, 2026
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Question #1
A company is considering an IPO and wants to engage in a quiet period. What should the underwriters avoid?
Please select an optionIncorrectCorrect answer: A
The "quiet period" prohibits public commentary regarding the upcoming IPO to avoid manipulating the market.
Was this answer correct?Question #2
During a merger negotiation, one of the parties discloses non-public information. What should they ensure?
Please select an optionIncorrectCorrect answer: C
Non-public information must be safeguarded to prevent insider trading and should only be disclosed on a need-to-know basis.
Was this answer correct?Question #3
A client is uncertain about the pricing strategy for their securities. What method can they use?
Please select an optionIncorrectCorrect answer: C
The market comparison method is a standard practice for determining appropriate pricing for securities based on similar transactions.
Was this answer correct?Question #4
A company is valued at $100 million and seeks to raise $50 million. What percentage of the company is being sold?
Please select an optionIncorrectCorrect answer: B
To raise $50 million from a $100 million valuation, the company is selling 33.33% of its value.
Was this answer correct?Question #5
Which document outlines the terms of a merger, including price, structure, and conditions?
Please select an optionIncorrectCorrect answer: C
The definitive agreement is a detailed document that outlines all the terms of a merger transaction.
Was this answer correct?Question #6
During a capital raising effort, a bank must ensure which of the following?
Please select an optionIncorrectCorrect answer: C
Full disclosure is essential to ensure that investors are fully informed about the investment risks and opportunities.
Was this answer correct?Question #7
What is a fairness opinion primarily used for?
Please select an optionIncorrectCorrect answer: C
A fairness opinion is a report by a third party that states whether the price offered in a transaction is fair.
Was this answer correct?Question #8
An issuer needs to comply with which regulation when conducting a private placement?
Please select an optionIncorrectCorrect answer: D
Regulation D provides exemptions allowing issuers to offer and sell their securities without having to register them with the SEC.
Was this answer correct?Question #9
Which of the following is true about due diligence?
Please select an optionIncorrectCorrect answer: C
Due diligence is a comprehensive appraisal of a business to confirm facts and assess potential risks.
Was this answer correct?Question #10
A client's valuation project resulted in multiple valuations. What is the best course of action?
Please select an optionIncorrectCorrect answer: D
Averaging the multiple valuations can provide a more balanced and accurate overview of the company's worth.
Was this answer correct?
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FAQ
Learn More: https://www.finra.org/registration-exams-ce/qualification-exams
- Q1: What is the Series 79 – Investment Banking Representative Exam exam?
- A: Series 79 – Investment Banking Representative Exam is a FINRA certification exam. Judging by the questions in our bank, it concentrates on valuation, investment, banker, merger and offering.
- Q2: What topics does the Series 79 – Investment Banking Representative Exam exam cover?
- A: Questions in our Series 79 – Investment Banking Representative Exam bank cluster around valuation, investment, banker, merger, offering, issuer, fairness and opinion. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for Series 79 – Investment Banking Representative Exam?
- A: Work through the Series 79 – Investment Banking Representative Exam practice questions here, checking your answer on each one, then sit the practice test to rehearse the exam under timed conditions before the real thing.
- Q4: Are these real Series 79 – Investment Banking Representative Exam exam questions?
- A: They are drawn from officially released past questions and from community members who have sat Series 79 – Investment Banking Representative Exam. Answers are verified and updated weekly.
- Q5: Where do I register for the Series 79 – Investment Banking Representative Exam exam?
- A: Register through FINRA directly at https://www.finra.org/registration-exams-ce/qualification-exams. Exampractice is not affiliated with FINRA and does not administer the exam.
- Q6: Is there a free Series 79 – Investment Banking Representative Exam sample?
- A: Yes. Every Series 79 – Investment Banking Representative Exam page shows a free sample of real questions. Upgrading opens the full bank and the practice test.
- Q7: What are FINRA Certification Exams?
- A: FINRA (Financial Industry Regulatory Authority) Certification Exams validate your expertise in the financial services industry. These exams assess your knowledge of securities regulations, investment products, ethics, and best practices for financial professionals. They are necessary for obtaining various licenses required to work in different roles within the financial industry.
- Q8: Why should I pursue FINRA Certification?
- A: FINRA Certification enhances your professional credibility, showcasing your understanding of securities laws and regulations. This can lead to better job opportunities, higher salaries, and career advancement in the financial services industry.
- Q9: What are the benefits of FINRA Certification?
- A: Benefits include recognition as a certified financial professional, compliance with industry regulations, improved job performance, access to exclusive resources, and staying current with the latest financial industry standards and practices.
- Q10: Who should take FINRA Certification Exams?
- A: Financial advisors, brokers, investment bankers, compliance officers, and anyone involved in the trading, advising, or managing of securities and investments should consider these certifications to validate their expertise and advance their careers.
- Q11: What types of FINRA Certification Exams are available?
- A: FINRA offers various certification exams, including:
- Q12: How do I prepare for FINRA Certification Exams?
- A: Preparation can include official FINRA study materials, preparatory courses, practice exams, online tutorials, and hands-on experience in the financial industry.
- Q13: Where can I take FINRA Certification Exams?
- A: FINRA Certification Exams can be taken at authorized testing centers nationwide, providing flexibility to fit your schedule and location.
- Q14: How do FINRA Certifications impact my career?
- A: FINRA Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in the financial services industry.
- Q15: Are there any prerequisites for FINRA Certification Exams?
- A: Some exams may have prerequisites, such as sponsorship by a FINRA member firm or prior completion of other specific exams. Check the specific requirements for each certification path on the FINRA website.
- Q16: How often do I need to recertify for FINRA Certifications?
- A: FINRA Certifications typically require continuing education and periodic renewal to ensure that certified professionals stay updated with the latest financial industry regulations and practices.