FINRA Securities Industry Essentials (SIE) Exam — Information & Free Practice
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FINRA Securities Industry Essentials (SIE) Exam
- Provider
- FINRA
- Format
- Multiple choice, computer administered
- Exam questions
- Total questions: 80; Scored questions: 75; Unscored questions: 5; The total includes the scored and unscored questions.
- Time limit
- 1 hour and 45 minutes
- Passing score
- 70
Examination outline
Knowledge of Capital Markets — Official range: 12–12 questions (16%)
- Regulatory Entities, Agencies and Market Participants
- Market Structure
- Economic Factors
- Offerings
Understanding Products and Their Risks — Official range: 33–33 questions (44%)
- Products
- Investment Risks
Understanding Trading, Customer Accounts and Prohibited Activities — Official range: 23–23 questions (31%)
- Trading, Settlement and Corporate Actions
- Customer Accounts and Compliance Considerations
- Prohibited Activities
Overview of the Regulatory Framework — Official range: 7–7 questions (9%)
- SRO Regulatory Requirements for Associated Persons
- Employee Conduct and Reportable Events
Examination sources
- FINRA SIE exam page
Content Outline
- FINRA SIE Content Outline
pages 2-15, structure and Sections 1-4
- FINRA SIE Content Outline
page 2, Structure and Administration of the Exam
- FINRA SIE exam page
Overview
Related license preparation
This examination may be required or accepted as an alternative, depending on the license and application pathway.