SIE Exam
What is the SIE exam?
Well, first off, the SIE Exam is a securities licensing exam and actually goes by a number of different names. Its formal name is the Securities Industry Essentials Exam, but it is most commonly referred to as the acronym SIE exam.
Who created the Securities Industry Essentials exam?
The Securities Industry Essentials exam was created and is administered by FINRA, which is the Financial Industry Regulatory Authority. FINRA is a self-regulatory organization that oversees the securities industry. The exam is an entry-level exam that is the starting point for those looking to become a securities industry professional.
Once I pass my SIE Exam can I sell securities?
No, you cannot. Passing this exam alone does not qualify an individual for registration with a FINRA member firm, or to engage in the securities business. In order to become registered to engage in the securities business, an individual must pass the Securities Industry Essentials exam and a qualification exam related to the type of business they will engage in.
What are the vitals for the SIE Exam?
The Securities Industry Essentials exam is made up of 75 multiple-choice questions. Each question consists of four answer choices. The exam has a 1 hour and 45-minute time limit and has a 70% minimum passing score. The questions on the exam come from four sections of information as follows:
Knowledge of Capital Markets – 16% of exam – 12 questions
Understanding Products and Their Risks – 44% of exam – 33 questions
Understanding Trading, Customer Accounts and Prohibited Activities – 31% of exam – 23 questions
Overview of the Regulatory Framework – 9% of exam – 7 questions
How do I study to pass the exam?
Here at PassMasters we have an excellent video lecture based online SIE test prep course. We can teach you everything you need to know to pass this exam on your first attempt. Or, maybe you studied another course and failed. Our specialty is assisting those who have taken the SIE test and failed, prepare to pass the exam once and for all.
Learn more about the SIE exam from Suzy
Suzy is our Director of Securities Exam prep and will guide you through an overview of this exam and share with you a great study solution you can use to pass this exam.
Mark
I passed on my SIE exam on my first try!! If I didn’t have all the help from Suzy and her trick questions, I don’t know how I would have made it!
Did you already pass the exam?
Preview the SIE Exam Experience
See two full-length sample lecture videos from the course to understand our teaching style. You can also preview a real SIE practice exam to see how practice and final exams are formatted, and explore feedback from students who have already passed the SIE exam.
SIE Exam Questions Explained
Suzy Rhoades, the owner and head instructor of PassMasters has created the best all-in-one online life insurance exam prep course you can get. She has been teaching students just like you to pass their Insurance Exams for over 25 years.