Our free online SIE study guide is meticulously designed to provide you with all the necessary knowledge and strategies to pass the exam confidently. Dive into our guide, which covers every aspect of the exam and includes tips, tricks, and insights to enhance your study plan.
Understanding the SIE Exam
The SIE Exam is your gateway to a career in the securities industry, testing your basic understanding of the market, regulatory structure, and financial products. Knowing the exam structure and content areas is crucial for your preparation.
- Exam Format: 75 multiple-choice questions
- Duration: 1 hour and 45 minutes
- Passing Score: 70%
- Cost: $80
- Eligibility: Anyone aged 18 or older
What’s Covered in the SIE Exam?
The SIE Exam is divided into four key sections, each focusing on different foundational areas of the securities industry. Here’s what you need to know:
- Knowledge of Capital Markets (16%)
- Regulatory Entities, Agencies, and Market Participants
- Market Structure
- Economic Factors
- Offerings
- Understanding Products and Their Risks (44%)
- Types of Products (stocks, bonds, mutual funds, options, ETFs, etc.)
- Investment Risks
- Investment Strategies and What Drives Market Movements
- Understanding Trading, Customer Accounts, and Prohibited Activities (31%)
- Trading, Settlement, and Corporate Actions
- Customer Accounts and Compliance Considerations
- Prohibited Activities
- Overview of Regulatory Framework (9%)
- Roles of different regulatory bodies (FINRA, SEC)
- SRO Regulatory Requirements for Associated Persons
- Employee Conduct and Reportable Events
Effective Strategies To Score High in the SIE Exam
Maximize your chances of success with these proven strategies:
- Create a Study Plan: Break down your study sessions into manageable chunks. Allocate more time to areas that have higher weightage in the SIE exam.
- Practice Regularly: Try our SIE practice exams to familiarize yourself with the format and types of questions you will encounter.
- Review and Revise: Regularly review your notes and correct your practice tests to reinforce your knowledge and address weaknesses.
- Stay Updated: Keep abreast of any changes to exam content or format by regularly visiting the official FINRA website or subscribing to our updates.
Ready to Start Preparing…?
Embark on your journey to passing the SIE exam with confidence. Explore each section of our study guide, utilize our resources, and track your progress with our practice exams.