Updated for 2020.
The Securities Industry Essentials (SIE or Essentials) Exam is an exciting, new development from the industry regulator known as FINRA.
Historically, those who wanted to become securities agents had to be hired by a broker-dealer before taking a license exam.
Now, with the implementation of the Securities Industry Essentials (SIE) Exam, those interested in entering the industry can take a securities license exam on their own.
Then, after being hired by a member firm, these individuals will take a top-off exam, such as the Series 6 or Series 7, to complete their FINRA licensing requirements.
The results of the SIE are good for four years.
Therefore, an individual can take the exam long before he chooses his career path and begins his job search in the financial services industry.
Those who have passed the Securities Industry Essentials (SIE) Exam are presumed to have an advantage over other candidates, as they have shown initiative and already cleared one hurdle in the process of getting a candidate registered with FINRA and the state securities regulators.
This book follows the Securities Industry Essentials (SIE) Exam Outline provided by FINRA.
There are four sections of the FINRA outline, which is why this book, also, has four chapters.
Chapter 1 covers primary offerings of securities, such as IPOs or initial public offerings.
Types of broker-dealer businesses and their basic financial and regulatory requirements are explored.
Finally, we look in some detail at basic economic factors affecting securities investments, including inflation, interest rates, and the business cycle.
The largest chapter, Chapter 2, is called Understanding Products and Their Risks.
Here, we explore insurance and securities products in detail, following with a detailed examination of investment risks related to various investment approaches.
Annuities, corporate bonds, Treasuries, municipal securities, common stock, preferred stock, and derivatives are all discussed in detai.
Examzone, Inc. Pass the sie: a plain english explanation to help you pass the securities industry essentials exam, paperback/robert m. walker
