FINRA Securities Industry Essentials (SIE) Practice Exam
FINRA Securities Industry Essentials (SIE)
About FINRA Securities Industry Essentials (SIE)
The Securities Industry Essentials (SIE) Exam is a new 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 securities industry markets, regulatory agencies and their functions; and prohibited practices.
Who should take the exam?
The SIE is a broad introduction to the securities industry.
- An undergrad exploring finance
- A sophomore or junior seeking a financial internship
- A business major without solid job plans
- A business student who has extra time to invest over the summer or break
- An experienced employee from another profession applying for a financial position
- An experienced employee from another profession who wants to know more about opportunities in the securities industry
Course Structure
The FINRA Securities Industry Essentials (SIE) Exam covers the following topics -
1. Knowledge of Capital Markets 16%
• Regulatory Entities, Agencies and Market Participants
• Market Structure
• Economic Factors
• Offerings
2. Understanding Products and Their Risks 44%
• Products
• Investment Risks
3. Understanding Trading, Customer Accounts and Prohibited Activities 31%
• Trading, Settlement and Corporate Actions
• Customer Accounts and Compliance Considerations
• Prohibited Activities
4. Overview of the Regulatory Framework 9%
• SRO Regulatory Requirements for Associated Persons
• Employee Conduct and Reportable Events
Exam Pattern
- Exam Name: FINRA SIE
- Number of Questions: 75
- Length of Time: 1 hour and 45 minutes
- Registration Fee: USD 60
- Passing Score: 70 (on a scale of 0 to 100)
- Exam Language English
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- Full-Length Mock Test with unique questions in each test set
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