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User account menu. I put my FINRA licenses right below education. Knowledge of Capital Markets – 12 questions – 16% of the exam. I just have mine listed on the certificate section and it looks fine there. Recognizing the qualifier in the question stem and carefully reading every single answer choice are very important. When you answer exhibit questions, take care not to miss labels like “in thousands” in headings or scales on a graph that would change your answer. I thought FINRA did a great job with the depth they tested on SIE. (B) Buying long-term income adjustment bonds, (C) Buying common stock of an aggressive growth company. Press question mark to learn the rest of the keyboard shortcuts. I finished answering all the questions with about 20 minutes to spare and with 25 questions Marked for Review. Investors can specify certain requirements for their trade: for example, requesting that a stock be bought for $50 or less. I also started experiencing fatigue with Pass Perfect’s very vast course coverage coupled with their countless questions in practice exams and quizzes. FINRA is maintaining its 30/30/180 day rule with respect to the SIE. The test experience you have taking the test will depend on the test itself, but a couple things commonly happen that you can plan for. But this example question asks about a standard option; therefore, you don’t assume that it’s a LEAP. The scores are rounded down, so a grade of 69.33 is scored as 69 on the SIE. Each question on the SIE exam is worth an average of 11⁄3 points (some are worth more and some are worth less depending on the FINRA’s feeling of how difficult a question is), and candidates need a score of 70 or better to achieve a passing grade. The SIE exam basics. Be realistic –. Steven M. Rice, founding partner and educator at Empire Stockbroker Training Institute, is the author of Series 7 Exam For Dummies. To report on abuse or fraud in the industry, FinPro (The Financial Professional Gateway), Securities Industry Essentials Exam (SIE), Financial Industry Networking Directory (FIND), Securities Industry Essentials (SIE) Exam Content Outline, User Guide for Requesting SIE Enrollments, Series 6 – Investment Company Representative (IR), Series 7 – General Securities Representative (GS), Series 79 – Investment Banking Representative (IB), Series 82 – Private Securities Offerings Representative (PR), Securities Industry Essentials (SIE) Exam, Frequently Asked Questions Regarding the SIE Exam, Exam Candidates Requiring Special Accommodations, Permitted Activities and Other Facts about Qualification Exams, (2) Understanding Products and Their Risks, (3) Understanding Trading, Customer Accounts and Prohibited Activities. Statements I and II both deal with net worth; III and IV deal with earnings. 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. Determine the number of vouchers you want to purchase, and pay with a credit card or ACH. Being familiar with the way the questions and answer choices will appear on the screen is essential. When I took the Series 7 exam, back when the passing grade was 70, one of the other students from my class got a 69.6 (which was rounded down to a 69), and he had the NASD (now called the FINRA) review his exam to try and get him the extra point. You will be happy to hear that you can, in fact, get through more content than you think. Therefore, you’re dealing with two questions in one; to be accredited, the answer to at least one of these two questions must be satisfactory: To be considered an accredited (sophisticated) investor, the minimum requirement is a net worth of $1,000,000 and/or a yearly income of $200,000 in the most recent two years, with a reasonable expectation of reaching that same level in the current year. If you fail the exam three times, you’re required to wait six months before you can retake the exam. Please see the complete message including information about online test delivery. one practice test that is on FINRA’s site, The Problem with IQ Tests for Children with Cognitive Disabilities, The Operating System of education is Broken, Why Social Emotional Learning Should Be a Right, Not a Privilege, The Future of our Ancient Past (Long version), Affirmative Action Is Less Problematic Than Wealth in University Admissions, California’s Ban on For-Profit Charter Schools Reinforces Mixed Feelings on School Choice Movement, Free school lunch for all, meant to reduce stigma, may also keep students healthier. Exhibit questions may include newspaper clippings, option prices, bond prices, trading patterns, income statements, balance sheets, and so on. An individual with a net worth of $1,000,000, III. This time I scored closer to 80% and felt ready for the exam. Press J to jump to the feed. When signing out, be sure to get a printout documenting your score if you passed so that you have a paper copy for your records. The SIE exam will cover the basics of investing, which include investment products, regulations, and general industry practices. You have to deal with multitiered Roman numeral nightmares, open- and … The question can be open (as it is in the next example) or closed. 10 of the questions are considered “experimental” and do not count towards your grade. To answer questions with qualifiers, you have to find the best answer to the question. Close. Keep in mind – the test is pretty new, so the industry is still collecting data on this. Although it looked like majority if not all of their lecture videos were originally developed for Series 7, delivery by the instructor Alvin Hall was top notch and adequately addresses SIE content IMO.

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