FINRA Securities Industry Essentials (SIE) Exam
The Securities Industry Essentials (SIE) Exam, administered by the Financial Industry Regulatory Authority (FINRA), is the initial licensing exam required for many entry-level securities industry positions in the United States. Passing the SIE demonstrates a basic understanding of the securities industry, its products, regulations, and ethical conduct.
Who Should Take the SIE Exam?
- Registered Representatives: Stockbrokers, investment advisors dealing with securities.
- Investment Banking Associates: Entry-level professionals in investment banking firms.
- Financial Advisors: Professionals providing financial advice and recommendations.
- Securities Analysts: Individuals researching and analyzing securities for investment purposes.
- Anyone New to the Securities Industry: Those seeking a foundational understanding of the industry to start their careers.
Course Outline
The FINRA Securities Industry Essentials (SIE) Exam covers the following topics -
1. Knowledge of Capital Markets 16%
2. Understanding Products and Their Risks 44%
3. Understanding Trading, Customer Accounts and Prohibited Activities 31%
4. Overview of the Regulatory Framework 9%