FINRA has delayed rollout of the new Securities Industry Essentials Examination (SIE) until October 1st, 2018.
The new SIE will allow candidates to sit for a core qualification exam without sponsorship from a FINRA member firm. (Presently, candidates must be sponsored by a FINRA member broker/dealer to sit for the Series 6 or Series 7.) After passing the new SIE, a candidate must be sponsored by a FINRA member firm to sit for a specialty “top-off” examination (Series 6 or Series 7). Upon passing the top-off exam, the candidate is eligible to register as a new representative with that member.
FIRE is closely monitoring FINRA’s SIE implementation, and will offer a prep course well ahead of the SIE launch.
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For more information regarding the SIE and qualification exam restructuring, see the following FINRA resources:
October 2017 — FINRA Regulatory Notice 17-30: https://www.finra.org/industry/notices/17-30
October 2017 — FINRA announces availability of SIE on October 1, 2018: www.finra.org/industry/essentials-exam
March 2017 — FINRA Proposes Streamlining Competency Exams: www.finra.org/newsroom/2017/finra-proposes-streamlining-competency-exams
May 2016 — FINRA Annual Conference Update: www.finra.org/sites/default/files/2016_AC_Qual_Exam.pdf
March 2016 — ARM Conference Page 78: www.finra.org/sites/default/files/2016-arm-educational-conference.pdf
May 2015 — FINRA Regulatory Notice: www.finra.org/industry/notices/15-20