Intro to the SIE Exam Episode 1

04:35 PURPOSE OF THE EXAM

The Securities Industry Essentials (SIE) exam assesses a candidate’s basic knowledge of the securities industry. The exam focuses on industry terminology, securities products, the structure and function of the markets, regulatory agencies and their functions, and regulated and prohibited practices. For more information about the SIE, see FINRA Rule 1210.03.

STRUCTURE OF THE EXAM

The exam consists of 75 multiple-choice items, and each item consists of four answer choices.

The allocation of test items is as follows:

TOTAL 75 questions or performance opportunities (100%)

Alternately, some knowledge is based on specific rules and regulations.

Several federal laws and regulations serve as the foundation for some of the knowledge contained in this outline. The content upon which the outline is based includes but is not limited to rules and regulations under the following Acts:
The Investment Adviser Act of 1940 Investment Advisors and Investment Advisor Representatives

ADMINISTRATION OF THE EXAM

The exam is administered via computer. A tutorial on how to take the exam is provided prior to taking the exam. Each candidate’s exam includes 10 additional, unidentified pretest items that do not contribute toward the candidate's score. The pretest items are randomly distributed throughout the exam. Therefore, each candidate’s exam consists of a total of 85 items (75 scored and 10 unscored). There is no penalty for guessing. Therefore, candidates should attempt to answer all items.

Candidates will be allowed 1 hour and 45 minutes to complete the SIE exam.

All candidate test scores are placed on a common scale using a statistical adjustment process known as equating. Equating scores to a common scale accounts for the slight variations in difficulty that may exist among the different sets of exam items that candidates receive. This allows for a fair comparison of scores and ensures that every candidate is held to the same passing standard regardless of which set of exam items they received.

Candidates are not permitted to bring reference materials to their testing session.

[SeriesGuru]

Be sure to check out the video description for this podcast episode! Lots of useful info and links.

[AAAB-wnwm]

Just passed my SIE. I wanted to thank you for your invaluable lessons. I wouldn’t have made it Without your help. Will follow your 63 videos since it doesn’t need sponsorship to take the exam. A million thanks from me Mr. Dean!!

[gachaswhatitis]

Results like these are a testament to your effort.

[SeldomSeenYahoo]

Just passed the SIE today, thank you creating these videos. They were very helpful in helping me to refine my understanding of the topics. Off to the series 99!