The SIE Exam is administered by FINRA and can be taken by anyone who is 18 years old or older. There is no requirement for a person to be employed by a FINRA member firm. Candidates who successfully pass the SIE exam will have four years to complete a top off exam.
SIE Exam details
Number of Items: 75
Format: Multiple Choice
Duration: 105 minutes
Passing Score: 70
Cost: $60
The Securities Industry Essentials Exam will be comprised of 75 multiple choice questions spread over four focus areas. Those areas are as follows:
- Knowledge of Capital Markets – 12 questions
- Understanding Products and Their Risks – 33 questions
- Understanding Trading, Customer Accounts and Prohibited Activities – 23 questions
- Overview of Regulatory Framework – 7 questions