The SIE (or Security Industry Essentials) is a relatively new test that FINRA (Financial Industry Regulatory Authority) started administering on October 1, 2018. It assesses a student's knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks, the structure of securities industry markets, regulatory agencies and their functions, and prohibited practices. This test is a prerequisite for all of FINRA's Series exams, forcing every prospective financial professional in the country to take it. If you want to make the most of your study sessions, Varsity Tutors can help you find an expert SIE tutor to assist you.
The SIE consists of 75 multiple-choice questions administered over 105 minutes. Topics include Knowledge of Capital Markets (16%), Understanding Products and Their Risks (44%), Understanding Trading, Customer Accounts, and Prohibited Activities (31%), and an Overview of Regulatory Framework (9%). Your tutor can tailor your study sessions to your individualized needs, concentrating on areas of weakness in order to give you a well-rounded knowledge base. They can also answer any questions asked in an expedient manner.