FINRA® Securities Industry Essentials SIE Exam
Securities Industry Essentials (SIE) Exam Prep
To pass your SIE qualification exam, ExamFX has created a comprehensive online training program to ensure that you are prepared to pass your exam on first attempt. We have a variety of study packages available to you, designed to meet your specific needs.
RETAIL PACKAGES STARTING AT*
$99.95
Company Discounts Available! See Your Corporate Portal for Details.*Actual prices may vary depending on state and course selection. Please see checkout for actual pricing for your state and organization. If you do not know your organization's portal URL, ask your referring manager or recruiter for details.
Securities Industry Essentials Package Comparison
To pass your SIE licensing exam, ExamFX has created a comprehensive online training program to ensure that you are completely prepared on test day. Our training program features multiple study tools to ensure you pass your exam on first attempt. We have a variety of study packages available to you, designed to meet your specific needs.
OUR GUARANTEE
We guarantee you will pass your licensing exam on the first attempt. If you do not pass the licensing exam after scoring an 80% on the Guarantee Exam, we will refund the cost of the material. Licensing exam must be taken within 3 days after passing the Guarantee Exam. A copy of the licensing exam results and access code must be provided.
PACKAGE COMPARISON
What is the Securities Industry Essentials (SIE) exam and what will it do?
The SIE exam assesses a candidate's basic knowledge of the securities industry. Starting October 1, 2018, FINRA requires that 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.
To view a complete, detailed test outline, please follow the link to the FINRA website and SIE exam outline.
VIEW THE FINRA SIE EXAM CONTENT OUTLINE
FINRA SIE Exam Details
The SIE exam consists of 75 multiple-choice questions and is a total duration of 1 hour and 45 minutes. The minimum passing score is TBD.
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 the FINRA link above.
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
I need help deciding which SIE products are right for me
The new SIE exam introduction can be confusing, so we have tried to make it easier for you to find the right training solutions. Click the scenario that applies to you below.
I plan to just take my SIE on or after October 1, 2018
Great. You are on the right page. We have several options for SIE exam prep to choose from that will fit your study needs. See the checkout for details.
I want to take the SIE and the Series 6 "top-off" rep level exam simultaneously or sequentially after October 1, 2018
Our Integrated SIE and Series 6 product will focus on the exam material in both the SIE and Series 6 outlines. The material is combined into logical discussions of all topics vs. independent discussions of the material at the Series 6 top-off level. You will learn concepts relevant to both exams during the study of material.
I want to take the SIE and the Series 7 "top-off" rep level exam simultaneously or sequentially after October 1, 2018
Our Integrated SIE and Series 7 product will focus on the exam material in both the SIE and Series 7 outlines. The material is combined into logical discussions of all topics vs. independent discussions of the material at the Series 7 top-off level. You will learn concepts relevant to both exams during the study of material.
I have already successfully completed the SIE exam and need the Series 6 "Top-off".
Our Series 6 Top-Off (otherwise known as Rep Level) product will focus extensively on content in the Series 6 Top-off outline. It is best suited for those who are taking the SIE exam and Top-Off exams sequentially or who have taken the SIE exam within the last 6 months or do not feel they need a SIE refresher course.
I have already successfully completed the SIE exam and need the Series 7 "Top-off".
Our Series 7 Top-Off (otherwise known as Rep Level) product will focus extensively on content in the Series 7 Top-off outline. It is best suited for those who are taking the SIE exam and Top-Off exams sequentially or who have taken the SIE exam within the last 6 months or do not feel they need a SIE refresher course.
What is the ExamFX Guarantee Exam?
As a first in the prelicensing industry, we stand by our mission to provide students with quality learning tools and instruction. We guarantee each student will pass his or her exam on the first attempt. If a student fails the state exam within three days after scoring 80% on the Guarantee Exam, we will refund the cost of the material. It is that simple.