Preparation course SIE American Broker Examination (FINRA)

USA preparation course series SIE American broker exam (FINRA requirement for series 7)

 


The Securities Industry Essentials® (SIE®)
Exam is a FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices.
The SIE is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to prospective employers. Association with a firm is not required to take the SIE, and results are valid for four years.
Passing the SIE alone does not qualify an individual for registration with a FINRA member firm or to engage in securities business. In order to become registered to engage in securities business, an individual must pass the SIE and a qualification exam appropriate for the type of business the individual will engage in. The individual must be associated with a member firm to take a qualification exam.

Benefits

  • Ability to distinguish yourself from your peers seeking internships or jobs
  • Opportunity to jumpstart your career goals
  • Immediate notice of your pass/fail status with performance feedback if you fail
  • Increased marketability in financial services industry


Information is based on content from https://www.finra.org/registration-exams-ce/qualification-exams/securities-industry-essentials-exam

Knowledge of Capital Markets

1
Regulatory Entities, Agencies and Market Participants
2
Market Structure
3
Economic Factors
4
Offerings

Understanding Products and Their Risks

1
Products
2
Investment Risks

Understanding Customer Accounts and Prohibited Activities and Trading

1
Trading, Settlement and Corporate Actions
2
Customer Accounts and Compliance Considerations
3
Prohibited Activities

Overview of the Regulatory Framework

1
SRO Regulatory Requirements for Associated Persons
2
Employee Conduct and Reportable Events

Rules & Regulations

1
FINRA rules
2
MSRB Rules
3
SEC Rules and Regulations
4
CBOE
5
Insider Trading & Securities Fraud Enforcement Act of 1988 (ITSFEA)
6
Federal Reserve Board
7
Federal Trade Commission
8
USA PATRIOT Act

Exam

1
SIE exam
75 questions
You must be 18 years or older to take the SIE.
No, you do not have to be a U.S. citizen to take the exam.
You must provide your Social Security number or, if you do not have one, your mother’s maiden name when enrolling. In order to associate with a member firm, the information you provide for your SIE exam must exactly match the information you provide to the broker-dealer to file the U4. Otherwise, your results will not be imported into your CRD record and you may be required to retest.
No, you do not have to have any association with a broker-dealer to take the SIE.
Yes, you still must be associated with a broker-dealer to take any qualification exams, such as the General Securities Exam (Series 7) exam.
Yes, persons associated with a broker-dealer are permitted to take both the SIE and a qualification exam on the same day. Taking two exams in one day is dependent on finding a seat for both exams at a Prometric testing center. The exams will be treated as separate sessions.
Yes. To become a registered representative, you must pass both the SIE and the Series 7 exam. The order in which you pass the exams does not matter as long as you pass both exams. This is the same for the SIE and all other representative-level exams.
The waiting period for the SIE is the same as that for FINRA’s other exams. After the first and second failed attempts, there is a 30-day waiting period. After the third failed attempt, there is a 180-day waiting period. For any attempts after the third attempt, there is also a 180-day waiting period between each exam attempt.
No, by only passing the SIE, you will not appear in BrokerCheck.


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Enrolled: 36 students
Duration: 30 hours
Lectures: 19
Video: 9 hours
Level: Advanced

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Monday 9:30 am - 6.00 pm
Tuesday 9:30 am - 6.00 pm
Wednesday 9:30 am - 6.00 pm
Thursday 9:30 am - 6.00 pm
Friday 9:30 am - 5.00 pm
Saturday Closed
Sunday Closed