Integrated Securities Industry Essentials (SIE) and Series 6 Exam Prep Training & Study Materials

Integrated SIE and Series 6 prelicensing program

Integrated SIE & Series 6 Rep Level Exam Prep

ExamFX has created a comprehensive online training program to ensure candidates are prepared to pass their exam on the first attempt. We have a variety of study packages available to fit every learning preference and budget.

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Integrated SIE and Series 6 Training Package Comparison

The integrated SIE and Series 6 bundle includes three different exam prep trainings within a single purchase, providing candidates multiple ways to study and prepare for their exams. Gain complete flexibility on how to study, while saving time and money by choosing this option. Here are some highlights:

Integrated Study both the SIE and Series 6 material at the same time within a single integrated learning experience. The exam prep training is combined into logical discussions of all topics vs. independent discussions of the material. This option will help reduce overall study time for those wanting to take both exams in close succession.

SIE Only Study only material being presented on the SIE exam with this learning experience. This option allows those wanting a two-part exam study plan to be able to focus solely on SIE testable material.

Series 6 Rep Level Study only the material being presented on the Series 6 exam with this learning experience. This option allows those wanting a two-part exam study plan to be able to focus solely on Series 6 testable material.

PACKAGE COMPARISON

	SELF-STUDY PACKAGE	VIDEO STUDY PACKAGE	LIVE ONLINE PACKAGE
	$189.95 - REGISTER NOW	$259.95 - REGISTER NOW	$369.95 BEST VALUE REGISTER NOW SEE CALENDAR
90 Days Course Access
Interactive Learning Portal
Online Exam Simulations
Readiness Exam
Guarantee Exam
Instructor Support
OnDemand Video Lectures
Online Flashcards
Live Online Training

What is the Securities Industry Essentials (SIE) exam?

The SIE exam assesses a candidate's basic knowledge of the securities industry. Starting October 1, 2018, the Financial Industry Regulatory Authority (FINRA) requires all candidates must pass both the SIE exam and a representative (Rep Level) top off exam. The SIE exam focuses on industry terminology, securities products, the structure and function of the markets, regulatory agencies and their function, and regulated and prohibitive practices.
VIEW FINRA SIE EXAM CONTENT OUTLINE

What is the Series 6 Rep Level exam?

The Series 6 exam is designed to assess the competency of entry-level Investment Company and Variable Contracts Products Representatives and is administered by Financial Industry Regulatory Authority (FINRA). The Series 6 exam seeks to measure the degree to which each candidate possesses the knowledge, skills and abilities needed to perform the critical functions of an Investment Company and Variable Contracts Products Representative. In order to obtain registration as an Investment Company and Variable Contracts Products Representatives, candidates must pass both the Series 6 exam and a general knowledge co-requisite, the Securities Industry Essentials (SIE) exam. For more information about the Investment Company and Variable Contracts Products Representative registration category, see FINRA Rule 1220(b)(7).
VIEW FINRA SERIES 6 EXAM CONTENT OUTLINE

About the Securities Industry Essentials Exam

What are the topics covered on the SIE Exam?

The SIE exam, which is an introductory level exam, consisting of 75 questions and is broken down into four parts. These topics include:

Knowledge of Capital Markets
Understanding Products and Their Risks
Understanding Trading, Customer Accounts, and Prohibited Activities
Overview of Regulatory Framework

See below for more detailed breakdown or visit FINRA.

Regulatory Entities, Agencies and Market Participants

The Securities and Exchange Commission (SEC)
Self-regulatory Organizations (SROs)
Other Regulators and Agencies
Market Participants and their Roles
Types of Markets
Economic Factors
The Federal Reserve Board's Impact on Business Activity and Market Stability
Business Economic Factors
International Economic Factors
Offerings

Understanding Products and Their Risks

Equity Securities
Debt Instruments
Options
Packaged Products
Municipal Fund Securities
Direct Participation Programs (DPPs)
Real Estate Investment Trusts (REITs)
Hedge Funds
Exchange-traded Products (ETPs)
Definition and Identification of Risks
Strategies for Mitigating Risk

Understanding Trading, Customer Accounts and Prohibited Activities

Trading, Settlement and Corporate Actions
Orders and Strategies
Investment Returns
Trade Settlement
Corporate Actions
Account Types and Characteristics
Customer Account Registrations
Anti-money Laundering (AML)
Books and Records and Privacy Requirements
Communications with the Public and General Suitability Requirements
Market Munipulation
Insider Trading
Other Prohibited Activities
Financial Exploitation of Seniors
Activities of Unregistered Persons
Falsifying or Withholding Documents
Prohibited Activities related to maintenance of books and records (e.g. falsifying records and improper maintenance/retention of records)

Overview of Regulatory Framework

Registration and Continuing Education
Employee Conduct
Reportable Events

About the Series 6 Rep Level Exam

What are the topics covered on the Series 6 Rep Level exam?

The Series 6 Rep Level exam is broken down into four parts (by job function). These topics include:

Regulatory fundamentals and business development
Ability to evaluate customers' financial information, identify investment objectives, provide information and make suitable recommendations
Ability to open, maintain, transfer and close accounts, and retain appropriate records
Ability to obtain, verify and confirm customer purchase and sale instructions

See below for more detailed breakdown or visit FINRA.

Regulatory fundamentals and business development

General industry regulations, including SEC, SRO, and state requirements
Registration, qualification, continuing education, and termination of employment of associated persons
Permitted activities for registered and non-registered associated persons
Required approvals and content standards of public communications: retail communications, institutional communications, correspondence, research reports, telephone solicitations
Definition of regulated investment company by the Internal Revenue Code
“Conduit” or “pipeline” theory, required distribution of income and realized capital gains
“Do-not-call” lists and other telemarketing requirements
Content and delivery of prospectuses, Statement of Additional Information (SAI), and other offering documents
Networking arrangements
Regulations related to marketing/prospecting
Initial privacy disclosures to customers (e.g., definitions, privacy and opt-out notices, disclosurelimitations, exceptions)
Definitions of retail communications, institutional communications and correspondence, including categorization of public appearances, seminars and related sales literature and advertising
Regulations regarding communications with the public
Producers and General Rules of Agency
Standards and approval of communications

Evaluate customers’ financial information, identify investment objectives, provide information on investment products, and make suitable recommendations

Essential facts regarding customers and customer relationships
Financial and personal profile of a customer (e.g., age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance)
Reasonable-basis suitability, customer-specific suitability and quantitative suitability
Reasonable-basis suitability, customer-specific suitability and quantitative suitability
Investment strategies and recommendations to hold
Investment profiles and strategies
Types of investment returns (e.g., dividends, capital gains, return of capital)
Securities markets (e.g. exchange markets, over-the-counter (OTC)/negotiated market, new issue market (e.g., primary offering, role of investment banker))
Fair dealings with customers and appropriate business conduct (e.g., application, definition, sales charges, withhold orders, refund of sales charges, dealer concessions, member compensation, execution of portfolio transactions, breakpoint sales)
FINRA's cash and non-cash compensation regulations (e.g., gifts and business entertainment limits)
Insider trading and prohibited activities (e.g., churning, front running, switching, commingling, unauthorized trading, guarantees against losses, selling away)
Capitalization, pricing, secondary market trading, and redeemability
Types of underlying securities
Other investment types, including but not limited to: Exchange Traded Funds (ETFs) and hedge funds
Variable annuities, deferred variable annuities and variable life (fees and charges, premiums, riders, investment options, death benefits and payout options)
Tax considerations
Definitions, characteristics, and concepts of products, types of accounts, and plans
Price and yield terms (e.g., bid, ask, NAV, premium, par)
Tax treatment, contributions, accumulation, withdrawals, account ownership, beneficiaries, benefits, required minimum distributions (RMD), and rollovers and transfers
Retirement and tax advantaged plans
Open-end investment company
Mutual fund
Variable annuity and variable life insurance
Unit Investment Trust (UIT)
Closed-end fund
Investment risk factors (e.g., call, capital, credit, currency, inflationary, interest rate, liquidity, market (systematic, non-systematic), social and political, pre-payment, reinvestment, timing)
Concept of risk/reward and the effects of diversification
Types of investment strategies
Sources of market and investment information (e.g., news outlets, internet, rating agencies, research reports) and economic factors (e.g., inflation, deflation, monetary policy, economic policy)
The role of the Federal Reserve Board
Changing interest rates and the effect on money supply, fiscal policy, federal taxation and spending
International economic factors (e.g., currency exchange rates, balance of trade, gross domestic product (GDP))

Open, maintain, close, and transfer accounts and retain appropriate account records

Account registration types (e.g., individual, JTWROS, UGMA)
Distribution elections (e.g., cash, reinvestment)
Customer screening (e.g., Customer Identification Program (CIP), determining whether a customer is an associated person of another broker-dealer)
Account authorizations and legal documents (e.g., power of attorney, authorized account user, discretionary accounts, Transfer on Death (TOD), beneficiary forms)
Recordkeeping (e.g., retention of customer and firm-related records)
Customer account record maintenance (e.g., update personal information, holding of customer mail, sending required SEC Rule 17a-3 notifications)
Transferring customer accounts between broker-dealers (e.g., Automated Customer Account Transfer Service (ACATS))
Account registration changes and internal transfers (e.g., TOD, divorce)
Delivery of annual reports and notices of corporate actions (e.g., proxy statements)
Anti-Money Laundering (AML) compliance procedures, program, and reporting (e.g., Bank Secrecy Act (BSA), Office of Foreign Asset Control (OFAC) Specially Designated Nationals (SDN) list, Currency Transactions Reports (CTRs), Customer Identification Program (CIP), Suspicious Activity Reports (SARs))
Circumstances for notifying FinCEN or refusing or restricting activity in an account and/or closing accounts

Obtain, verify, and confirm customer purchase and sale instructions

Cash accounts (e.g., prompt payment for securities purchased, extension of time, frozen accounts)
Market terms (e.g., trade date, settlement date, ex-dividend date)
Trade execution activities (e.g., market timing, late trading, prompt payment for securities purchased, extension of time, frozen accounts, prohibition on arranging loans for others)
Information required on an order ticket
Sharing of referral fees and commissions
Confirmations and account statements
Customer complaint procedures
Arbitration procedures
Investigations and sanctions

Additional Integrated SIE & Series 6 Study Materials

ExamFX offers candidates all the study materials they need to be successful in passing their qualification exam. In addition to our online learning platform, we offer printed study materials that help candidates throughout their learning. Our Study Guide, Flash Cards and Tip Sheets can easily be added to any package during checkout.

ExamFX Integrated SIE & Series 6 packages include unlimited practice exams, designed to the simulate qualification exam. Learn more about these additional study materials by clicking below.

FINRA SIE Exam Details

The SIE exam consists of 75 multiple-choice questions. Candidates will be given 1 hour and 45 minutes to complete the exam and must achieve a 70% to pass. The cost of the exam is $60.

FINRA Series 6 Rep Level Exam Details

The Series 6 Rep Level exam consists of 50 multiple-choice questions. Candidates will be given 1 hour and 30 minutes to complete the exam and must achieve a 70% to pass. The cost of the exam is $40.

What is the ExamFX Guarantee Exam?

ExamFX is so confident in our training program that we guarantee users who successfully complete the Guarantee Exam will pass their licensing exam on their first attempt! If you do not pass your licensing exam within three days after scoring 80% or higher on the Guarantee Exam, we will refund the cost of your course. It is that simple. Some restrictions may apply.