Definition of SIE Exam

The SIE exam is also known as the Securities Industry essentials Exam . The SIE exam is designed to assess the competency and understanding of general securities industry concepts and regulations. The SIE is an entry-level exam and in 2018 will be the pre requisite to taking many other FINRA exams such as the series 6, series 7 and series 99 exams .The Financial Industry Regulatory Authority (FINRA) will administer the SIE exam in addition to the series 6, 7 & 99. The series 6, 7 and 99 exams will be considered to be top off exams and must be passed in addition to the SIE exam for a person to become fully registered to function as an agent of a broker dealer.

Applying "SIE Exam" to Securities Exams:

The SIE is the starting point for anyone who wants to work in the financial services industry. Candidates wishing to sit for the SIE exam will not need to be sponsored by a FINRA member to take the SIE exam. However, it is important to note that in order to become fully registered to represent a broker dealer candidates must pass the series 6, 7 or 99 exams which will all require candidates to be sponsored to take the appropriate top off exam. The SIE exam is going to consist of 75 multiple choice questions. Each question will be designed to test the candidates knowledge in one of four critical functions as follows:

Section Percent of SIE Exam Number of Questions on SIE Exam
Knowledge of Capital Markets 16% 12
Understanding Products and Risks 44% 33
Understanding Trading, Customer
Accounts and Prohibited Activities
31% 23
Overview of Regulatory Framework 9% 7




The SIE exam must be completed in 105 minutes and is designed to provide enough time for everyone to complete the exam. The SIE exam is a great resume builder for anyone who wants to get into the financial services industry. For more information on the SIE exam click here

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