What is Securities Industry Essentials exam?

What is Securities Industry Essentials exam?

The Securities Industry Essentials® (SIE®) Exam is a FINRA exam for prospective securities industry professionals. 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.

Is Sie harder than series 6?

While you’ll be expected to master more detail for Series 6 questions, the concepts will be familiar. Focus on the risks and rewards of each product as you prepare. Some candidates think the SIE Exam is harder than the Series 6 because it covers such a broad range of topics.

Can you use a calculator on the SIE exam?

The SIE Exam pass rate is 70% The SIE Exam cost is $60 and is paid directly to the testing center. You cannot bring in anything with you—pen, pencil, calculator, cell phone, smart watch, paper—everything is prohibited.

How do you pass the SIE exam?

In order to pass the SIE exam, you will likely need to dedicate many hours over the course of weeks (or months) to study the material. While everyone retains information a bit differently, it’s recommended that you spend at least 50 hours seriously studying before your exam.

Can you take the SIE without a sponsor?

No. FINRA does not require sponsorship with a firm to sit for the SIE exam. However, to become registered with FINRA and seek a representative level role with an employer, candidates must also pass a revised, specialized knowledge qualification exam (or “top-off”), applicable to their job function with the firm.

How do you schedule Sie?

Follow these steps:

1. Enroll/Register at finra.org/industry/enroll-for-sie.
2. Pay the exam fee of $60.00.
3. Schedule an exam date in a location closest to you at prometric.com/finra.
4. Exam scores are released 72 hours after the exam date.

What is a Sie test?

The SIE Exam is a new, introductory-level FINRA exam for prospective industry professionals. Its purpose is to assess a candidate’s basic knowledge of securities industry topics fundamental to working in the industry.

Can you Series 6 without sponsorship?

Series 6 and 63 licensing requirements are as follows: You must be sponsored by a member of FINRA (formerly NASD) or a Self-Regulatory Organization. You will not be able to sit for the Series 6 exam without a sponsor. A passing grade of 70% or better on the Series 6 exam, administered through Prometric Testing Centers.