SIE

Study Guide

About the SIE

SIE Exam Prep

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About the SIE Study Guide

SIE Exam Prep includes everything you need to pass the SIE exam the first time.

Quick review of the concepts covered on the SIE exam
2 full practice tests with detailed answer explanations
Tips and tricks from experienced financial services industry professionals
Access to your second practice test online

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Additional Title Information

Title: SIE Exam Prep 2023 and 2024: 2 Practice Tests and Study Guide for the FINRA Securities Industry Essentials

Release Date: May 6, 2023

Length: 210 pages

ISBN: 9781637984420

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Have questions about the SIE exam? Click below to find the answers you need.

Getting Ready

Taking the Exam

After the Exam

What Is the SIE Exam?

What is a General Securities Representative?

How do I Become a Registered Representative?

Who Administers the SIE?

What is FINRA?

What’s on the SIE?

How Is the SIE Administered?

How Long Is the SIE?

How many questions are on the SIE?

Where do I take the SIE?

What’s a Passing Score on the SIE Exam?

Can I take the SIE and the Series 7 at the same time?

What Is the SIE Exam?

The Securities Industry Essentials (SIE) exam measures a candidate’s competency to perform the duties of a General Securities Representative (GSR).

What is a General Securities Representative?

A GSR is a financial professional who is licensed to sell securities.

How do I Become a Registered Representative?

To become a registered representative or GSR, a candidate must pass both the SIE exam and the Series 7 exam.

Who Administers the SIE?

The SIE is administered by the Financial Industry Regulatory Authority (FINRA), Inc.

What is FINRA?

FINRA is a self-regulatory organization that protects investors.

What’s on the SIE?

The candidate must be familiar with the four major functions that make up the exam.

What's on the SIE?

Section

Description

Percentage of Exam

Number of Questions

Knowledge of Capital Markets

16%

Understanding Products and Their Risks

44%

Understanding Trading, Customer Accounts and Prohibited Activities

31%

Overview of the Regulatory Framework

TOTAL

1 hour and 45 minutes

100%

75 (+10 pretest)

How Is the SIE Administered?

The SIE is a computer-based exam

How Long Is the SIE?

Examinees have one hour and forty-five minutes to complete the exam.

How Many Questions are on the SIE?

There are 85 multiple-choice questions on the SIE. Only 75 questions are scored.

Where Do I Take the SIE?

The SIE exam is administered by Prometric testing centers.

What’s a Passing Score on the SIE Exam?

A passing score on the SIE is 70 (out of 100).

Can I take the SIE and the Series 7 at the same time?

Yes, you can take both exams on the same day.

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