Securities Industry Essentials (SIE)


Securities Industry Essentials (Entry-level Exam)

The Securities Industry Essentials (SIE) exam is an entry-level FINRA exam that, unlike traditional securities exams, does not require broker-dealer firm sponsorship. The exam tests industry fundamentals that are necessary for all registered securities professionals. These include knowledge about various investment products, market dynamics and risk, industry regulatory agencies, and broker-dealer business practices.

The SIE exam is valid for four years after a candidate passes. Within this four-year period, the individual must become associated with a FINRA member broker-dealer and pass a top-off exam (Specialized Knowledge Exam or SKE), such as the Series 6 or Series 7.

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Securities Industry Essentials Exam Details

Exam Format: 75 multiple-choice questions
Exam Duration: 1 hours, 45 minutes (105 minutes)
Passing Score: 70%

Corequisite: One of FINRA’s top-off exams, which include the Series 6 and 7
Broker-dealer Sponsorship: not required

Securities Industry Essentials Exam Outline

FUNCTION DESCRIPTION Percentage of Exam No. Questions
Function 1: Knowledge of Capital Markets 16% 12
Function 2: Understanding Financial Products and their Risks 44% 33
Function 3: Understanding Trading, Customer Accounts, and Prohibited Activities 31% 23
Function 4: Overview of Regulatory Framework 9% 7
TOTAL 100% 75

Securities Industry Essentials Study Materials

Modules: 15 chapters delivered in mobile-friendly, online and printable .pdf formats
Module Quizzes: Fifteen 20-question, module quizzes to gauge initial comprehension
Live Tutorials: Live, instructor led tutorials offered on a rotating calendar basis
OnDemand Tutorials: 15 mobile friendly OnDemand, recorded tutorials available 24/7
Bonus Tutorials:

  • Introduction to the SIE
  • Test taking tips to help you beat the test

Mini Finals: Two 50-question mini-finals
Final Exams: Six 75-question, weighted finals that simulate the SIE exam
Green Light Status Indicator: Know with confidence your level of preparedness
Remediation:

  • Suggested Study Plan: System-generated study plan based on incorrect answers on initial assessments. Includes a custom suggested study plan assessment containing actual missed questions from final exams.
  • Custom Assessments: Create unlimited, 20 or 50-question, custom exams from any number of modules. Feature unlocks when final exams are completed.

Instructor Access: Unlimited email/phone access to our expert NRS Exam Prep instructors
FIRE Drill App: Access to additional practice questions in our free SIE FIRE Drill App

Price: $99

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No Pass/No Pay

Candidates who correctly complete our program and achieve our designated “Green Light” average score on their practice final exams go on to pass their actual FINRA/NASAA exams. We are so confident that we offer candidates a “NO-PASS, NO-PAY” guarantee. We will refund full tuition to any “Green Light” student who does not pass their actual FINRA/NASAA exam.*

*The NRS Exclusive NO-PASS, NO-PAY Guarantee: To qualify for a refund, you must complete all course materials: Read all modules, attend all tutorials, take all quizzes and tests, and achieve an average score on your first attempt final exams of 3% over the passing score requirement for your FINRA/NASSA exam. Refund applies to online course fees only.

Test Center

Prometric is the sole vendor delivering all FINRA-administered exams. Prometric facilities are located in most cities. To schedule an exam, contact Prometric at

If your local test center does not have favorable availability, consider testing in a neighboring city. Ask about parking when you schedule your exam.
Candidates must present valid, current, government issued photo identification. This includes

  • Passport
  • Driver’s License
  • Military ID

Student IDs are NOT accepted by Prometric.