Securities Industry Essentials Exam | SIE Exam Prep Course

The Securities Industry Essentials Exam
Securities Licensing: About Our Securities Industry Essentials Exam Prep Courses The FINRA Securities Industry Essentials (SIE) exam is a requirement to obtaining a Series 6, 7, 79, or 99 license. The FINRA SIE exam is basically an introductory-level exam that assesses a candidate's knowledge of basic securities industry information and concepts fundamental to working in the industry, such as types of products and their risks, the structure of the securities industry markets, regulatory agencies and their functions, and prohibited practices. Essentially, to obtain a Series 6, 7, 79, or 99 license, you must pass the Securities Industry Essentials exam PLUS pass the applicable Series exam (now referred to as "Top Off" exams). Passing the SIE exam should make it easier to find a job in the securities industry as you have proven mastery of the essentials, versus the old FINRA rules where you needed to be employed or otherwise sponsored by a FINRA member in order to take the Series 7 exam. More information about the Securities Industry Essentials Exam is provided at the bottom of this page. What Is On The FINRA SIE Exam? The Securities Industry Essentials (SIE) examination consists of 85 multiple-choice questions covering the topics listed below. Knowledge Of Capital Markets The first section composes 16 percent — or 12 questions — of your exam. Within it, you'll be tested on content such as: Regulatory entities and agencies such as SEC, SROs and other regulatory bodies and market participants Types of markets and the market structure Business and international economic factors Offerings Understanding Products and Their Risks The second section makes up most of the exam. You'll spend 44 percent of your test answering 33 questions about: Products such as hedge funds, exchange-traded products (ETPs), packaged products and more Types of investment risks and strategies for mitigating them Understanding Trading, Customer Accounts, And Prohibited Activities This section contains 23 questions, which make up 31 percent of the exam. Content includes: Trade settlements, investment returns and corporate actions Types of customer accounts and their characteristics Compliance considerations Prohibited activities such as market manipulation, insider trading, improper use of customer funds and more Overview Of The Regulatory Framework The last section makes up only 9 percent of your exam. You'll answer seven questions about: SRO regulatory requirements Employee conduct Reportable events FYI: You'll have an hour and 45 minutes to complete your exam. Once completed, you will need to achieve a score of 70 or higher out of 100 to move on to the Top Off. About The Securities Industry Essentials Exam And Our SIE Exam Prep Classes And Study Materials SIE And Top-Off Training Options Available In Multiple Formats TrainingCenter offers FINRA SIE exam prep materials and SIE exam study guides to help you study for and take your The Securities Industry Essentials exam. Each of our SIE exam prep classes and the accompanying study materials contain proven methods to help you to effectively prepare, practice, and pass your SIE exam. Simply click on a 'Recommended Course' below to view the recommended FINRA SIE exam prep materials and SIE exam study guides, or use the search function to find your preferred SIE course.
Recommended Training Courses: In-Person Seminars Securities Industry Essentials (SIE) Exam - Live Classroom Course Webinars Or Audio Conferences Securities Industry Essentials (SIE) Exam - Live Webinar With OnDemand Playback In-Person Seminars SIE and Series 6 Combo Package SIE and Series 7 Combo Package Recommended Course(s) All Securities Licensing Courses
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About The Securities Industry Essentials: Pre-Requisites And Other Info The FINRA SIE exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. There are no prerequisites to taking the Securities Industry Essentials Exam, and once you pass your SIE exam, you have one full year to study for and pass your Top Off exam. The Origin of the SIE Exam On October 1, 2018, FINRA changed the requirements for earning a Series 6, 7, 79, or 99 license. Where you used to take one exam for a Series 6 or 7 license, you now have to take a base course titled Securities Industry Essentials, plus a shortened version of the original Series 6 or 7 course. Why The Change? The new SIE exam and the changes to the licensing requirements stemmed from a review conducted by FINRA, with the following objectives: Reducing redundancy of subject matter content across the current exams Identifying opportunities to simplify the qualification exam requirement Limiting the impact of any alternative structure on the registration rules Identifying and eliminating outdated registrations This new format also is arguably designed to draw more people into the financial industry, as prior to the SIE you were required to have a sponsor to take, for example, the Series 7 exam. While you still need a sponsor to take the Series 7 Top Off, passing your SIE exam should make finding a sponsor much easier. How The SIE Affects Current License Holders Most individuals who are currently registered would be considered to have passed the SIE exam, and it would remain valid for four years upon leaving the industry. Additionally, if a currently-licensed representative leaves the industry and: Returns within two years, his or her registration would be regained without the need to take the SIE or top-off exam If between two and four years later, the SIE exam need not be taken again; only the Top Off exam for the registration More than 4 years later, both the SIE and top-off exam would need to be re-taken Go to https://www.finra.org/sites/default/files/SIE%20Outline-01.12.18.pdf for more information from FINRA on the Securities Industry Essentials Exam. How To Prepare For The SIE Exam The FINRA site offers a full outline of the sections listed above. This outline is similar to the previous Series 7 exam, although this exam is far shorter than the Series 7 and focuses on basic industry information rather than delving into topics in depth. SIE exam study guides and practice exams provide plenty of preparation for your test. At AB Training Center, we offer a wide range of digital and print resources to help you prepare for your SIE exam and pass on the first try. Along with self-study resources, we offer in-person SIE exam prep seminars and webinars, so you can ask questions to a knowledgeable instructor and train with other emerging professionals. Your instructor will help you work through difficult concepts and gain a better understanding of what you'll need to pass your SIE exam. While you must take both the SIE and a Top Off exams to earn your license, you can purchase your training materials for both of these exams either individually or at the same time to save you some money (we label these as 'Combo Packages'). Tip: Whether you take an in-person, online, or self-studay pre-licensing course, all come with many sample exam questions. We suggest you take as many of these sample exams as possible, and recommend you leave at least two weeks between when you complete your pre-licensing course and your exam date to give you enough time to take as many sample exams as you can. Contact AB Training Center for SIE Exam Prep If you're looking for courses that can help you excel on the FINRA SIE exam, you'll find the support you're looking for with AB Training Center. AB Training Center has been training financial professionals across the country since 1994. We're proud to offer today's emerging industry experts with a full range of in-person seminars, webinars, audio conferences and SIE exam study guides. After you pass the SIE exam, you'll also find ongoing support as you prepare for your Top Off exam. Contact us for more information about our products and services, or find your online training guide or local seminar using the search tool above. Related Links How To Earn Your Securities License How Long To Study For Your Securities License How To Become A Stockbroker / Registered Representative View Securities Licensing Information And Courses For Other License Types How To Earn An Insurance License And Become An Insurance Agent
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