Pass The SIE: A Plain English Explanation To Help You Pass The Securities Industry Essentials Exam

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 detail in this chapter.Chapter 3 examines customer accounts trading securities and FINRA regulations of agents.The last chapter Chapter 4 focuses on the regulation of the securities industry. Here we explore federal securities legislation as well as FINRA in detail.After each chapter you will take a chapter review exercise and then a chapter review quiz. At the end of the four chapters you will find two full-length practice exams 75 questions each. A detailed glossary follows the practice exams. Finally an index of frequently used terms is found at the end of the manual.The authors of Examzone textbooks have helped thousands pass the Series 6 7 24 63 65 66 and 99 exams over the past 18 years. We’re now excited to help you pass the Securities Industry Essentials Exam. This test will open doors for your career as was never-before possible. Once you pass this test we look forward to helping you pass the Series 7 and Series 6 once you enter the securities industry.

Paperback: 453 pages

Publisher: Examzone Inc.; 1 edition (January 14 2018)

Language: English

ISBN-10: 0998517674

ISBN-13: 978-0998517674

Product Dimensions: 8.5 x 1 x 11 inches

Shipping Weight: 2.1 pounds