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The Securities Industry Essentials ® (SIE ®) Exam is a FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the ...
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- Practice Test
Test Your SIE Knowledge. Get firsthand experience with a...
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NOTE: If you are associated with a broker-dealer or...
- Exam Information for Students
This introductory-level exam assesses knowledge of basic...
- FAQs
1. What score is needed to pass the SIE? The passing score...
- Series 7
The SIE exam is a corequisite to the Series 7 exam....
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Securities Industry Essentials (SIE) Exam Exemption....
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- Permitted Activities and Other Facts About Qualification Exams
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Whether you’re a military veteran or transitioning service...
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- Changes in Securities Industries Essentials Exam (SIE) Qualifications
- Sie and Top Off-Exams as Replacements
- Structure of The Sie Exam
- Benefits of The Sie Exam
- Impact of Sie Exam Changes
- The Bottom Line
The SIE had a major structural impact on the qualification exams. The SIE replaces portions of every previous exam, including the Series 6, Series 7, Series 22, Series 55/56 (replaced by Series 57), Series 79, Series 82, Series 86/87, and Series 99. These tests were shrunken, becoming qualification exams that focus on the specialized knowledge need...
In their original Securities and Exchange Commission filings, FINRA targeted the fall of 2016 to early 2017 for a rollout of their highest volume exams. This proved to be a bit optimistic. There were several shifts in the scheduling, one resulting from the requests of member firms and industry associations for more time to set their own processes i...
The SIE exam structure is largely based on the general knowledge components of the exams it replaced that portion for. In January 2018, FINRA provided more details on the structure. The sections and question count are as follows: The 75 questions are actually 85, since there are 10 randomly distributed pre-test questions that do not count towards t...
Passing the SIE exam can provide a number of benefits to your career: 1. Job hunting: Passing the exam will make you a more appealing job candidate and help you to stand out in interviews. 2. Career: The SIE allows you to register as a representative in the financial securities industry. 3. Knowledge: Studying for and passing the SIE ensures that y...
If you already passed one of the FINRA exams and are currently registered as a representative, you are considered to have passed the SIE already. If you passed one of the exams and are not currently registered, you may need to take the SIE depending on how many years elapse between now and your next registration. And, of course, if you passed the e...
If you were already sponsored to take one of the qualification exams, go for it. These changes won't impact you at all. If you expect to be sponsored in the future, the overall content you need to master won’t change even though you have to do it in two chunks. If, however, you are not currently sponsored or in the industry, the SIE will open the d...
Sep 29, 2020 · The SIE Exam is a FINRA-administered exam that’s required for any person who’s interested in starting a career in the securities industry. Passing the SIE alone doesn’t qualify a person for registration with a FINRA member firm or qualify them to engage in securities business.
Apr 9, 2019 · The SIE Exam is a required qualifications exam administered by FINRA. It tests basic information including products, risks, the structure & function of the securities industry & its regulatory agencies, and knowledge of regulated & prohibited practices.
This introductory-level exam assesses knowledge of basic industry information, including fundamental concepts such as types of products and their risks; the structure of the markets, regulatory agencies and their functions; and prohibited practices. The SIE is open to individuals aged 18 or older.
Test Your SIE Knowledge. Get firsthand experience with a free practice test for the Security Industry Essentials ® (SIE ®) Exam. Answer 75 multiple-choice questions that are similar to those you might find on the SIE exam. Proceed at your own pace.
Sep 12, 2023 · According to FINRA, the SIE exam is an "introductory-level exam that assesses a candidate's knowledge of basic securities industry information including concepts fundamental to working in the industry" such as: Capital Markets. Financial Products and Their Risks. Trading, Customer Accounts, and Prohibited Activities. Regulatory Frameworks.
