Securities Industry Essentials Exam | SIE Exam

The Securities Industry Essentials Exam, or SIE, is a a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information. The SIE Exam is a co-request for licenses below. You may take the qualification exam first and then take the SIE, however that is discouraged as the SIE includes material that the qualification exam builds on.

Passing the Securities Industry Essentials Exam alone does not qualify an individual for registration with FINRA or to engage in the securities business.

To become registered to engage in the securities business, an individual must pass the SIE Exam AND a qualified exam appropriate for the type of business the individual will engage in. The individual must be associated with a member firm to take the qualification exam. The member firm sponsors the individual to take an exam, such as the General Securities Representative (Series 7) Exam. in addition to the individual passing exams, the member firm must satisfy the other requirements, such as conducting the background check before the individual is permitted to engage in securities business

Securities Industry Essentials Exam Co-Requests:

Who Can Take the Securities Industry Essentials Exam:

  • Anyone 18 or older
  • Students & Prospective Candidates Interested in demonstrating basic industry knowledge to potential employers
  • Association with a firm is not required
  • You are permitted to take the SIE exam before or after association with a firm
  • You can take your SIE and Specialty Exam (Series 6, Series 7, Series 57, Series 82, Series 99) on the same day

How long is the Securities Industry Essentials Exam Valid:

  • The SIE is valid for four years (4 years)

75 Questions | 105 Minutes Time Limit
No Prerequisite | $60 | SIE Application
Testing introduced October 1, 2018

Test Topics & Approximate Test Questions

The Securities Industry Essentials Exam | SIE Exam Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four (4) sections.

Test Topics Approximate Test Questions
    Knowledge of Capital Markets 12
    Understanding Products and Their Risks 33
    Understanding Trading, Customer Accounts
and Prohibited Activities
    Overview of Regulatory Framework 7
***Total Questions*** ***75***

Securities Industry Essentials Exam Study Material

SIE SMART Web & SIE Study Book Bundle

SIE SMART Web & Book Bundle

$220.00 $125.00Add

SMART SIE Interactive Web Training Program

SMART SIE Interactive Web Training


SIE Study Book

The SIE book by Pass Perfect (not sold alone) is an introductory-level course that will ground you in the fundamental concepts required to help you pass your Securities Industry Essentials Exam.

This is a 525-page fully illustrated study book written in a lively, informative fashion that eliminates boardom. After each section, you have simulated test questions with detailed explanations. The exams included in the study program give you a simulated test experience so there are no surprises when it’s time to sit for your SIE Exam.

The SIE Course is divided into 10 Chapters, arranged into 3 Modules. Below is the breakdown:

Module I
Equities Securities
Debt Securities
Packaged Products
Trading Markets

Module II
Customer Accounts
Retirement Plans

Module III
New Issues
Analysis – Basic Tax Rules

Each Module is followed by a Master Exam. By breaking apart the content into three modules, you an more easily cover the “more difficult” areas of the examilation – Debt, Options and Regulation. After completion the three modules, then you take sample Final Exams from our large pool of exam-related questions.

Quick SIE Study Guide

Also included with the study book is our unique Quick SIE Study Guide. The pocket-book sixed Quick SIE summarizes the test information into key bullet points and facts, compressing the content that must be known for the exam into a 200-page pocketbook. NOTE: The Quick SIE is a complete review that covers ALL of the test information on the Securities Industry Essentials test information in the proper leaning order and test weighting. This makes it a much better final study tool than flash cards!

Interactive SIE Web Study Program

SMART SIE Interactive Web Training is a complete self-study training package delivered online and parellest the SIE Study Book. The content for the SMART Interactive SIE Web Training is consistently updated. Changes are added to the material as they become available.

The program contains the full study text covering all the topics tested on the SIE Exam outlines. The course is divide into 10 Chapters that are arranged into three (3) study modules.

SMART SIE’s question pool is by far the largest pool of questions offered by any securities exam training firm. The over 4,500 unique questions from which you can draw virtually unlimited chapters quizzes from, help you master exams and simulate practice finals. The program is designed to enable each student to achieve the minimum competency to pass the real exam.

The program is divided into 3 Modules, the same as our SIE Study Text Book and includes an online textbook that leads you sequentially through every topic, testing you on each major point.

SMART SIE Interactive Web Training

  • Makes the most efficient use of your time, since ht content delivery sn dependent on your performance
  • Tailors the training experience to your strengths and weaknesses

The program dynamically modifies your learning sequence, based on your strengths and weaknesses. If you’re having difficulty with a major concept, you are presented with the information to be learned in a variety of reinforcing methods until mastery in achieved. We developed this learning approach by combining the most successful teaching techniques culled form 30-years of preparing students for their securities exams.

NOTE: All FINRA exam are continually being updated. You should take your exam within 120 days of ordering your study materials! NOTE: Under the terms of our End User Licensing Agreement (“EULA”) each DATABANK Practice Exams product can be used only by one person. Once your order is processed by our staff you will be emailed access instructions to the DATABANK.