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Finra SIE Exam Syllabus

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Before starting your SIE exam preparation, it is recommended to review the complete Finra Securities Industry Essentials Exam syllabus and carefully go through the exam objectives listed below. Once you understand the exam structure and objectives, you should practice using our free SIE questions. We also provide premium SIE practice test, fully updated according to the latest exam objectives, to help you accurately assess your preparedness for the actual exam.

Finra
Vendor
SIE
Exam Code
266
Total Questions
6
Total Exam Domains

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SIE EXAM QUESTIONS

Finra SIE Exam Objectives

Section 1: Regulatory Entities, Agencies, and Market Participants
Weight:
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  • Covers the structure, authority, and jurisdiction of key financial regulators.
  • Assesses the SEC’s role in enforcing securities regulations.
  • Evaluate the authority of self-regulatory organizations (SROs) such as FINRA and MSRB.
 
Section 2: Market Structure
Weight:
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  • Covers the classification of financial markets: primary, secondary, third, and fourth markets.
  • Includes knowledge of electronic trading, OTC markets, and physical exchanges
Section 3: Understanding Products and Their Risks
Weight:
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  • Examines different financial products and their associated risks.
  • Covers equity securities, including common stock.
  • Includes debt instruments such as Treasury securities and mortgage-backed securities.
Section 4: Understanding Trading, Customer Accounts, and Prohibited Activities
Weight:
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  • Focuses on trading strategies, settlement processes, and corporate actions.
  • Covers different order types, including market, limit, stop, and good-til-canceled orders.
  • Evaluates knowledge of bid-ask spreads and discretionary vs. non-discretionary trading.
Section 5: Overview of the Regulatory Framework
Weight:
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  • Evaluate self-regulatory organization (SRO) requirements.
  • Covers registration and continuing education for associated persons.
  • Includes the distinction between registered and non-registered individuals.
Section 6: Employee Conduct and Reportable Events
Weight:
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  • Covers regulatory expectations regarding employee conduct and disclosure obligations.
  • Includes Form U4 and Form U5 for employment and regulatory reporting.
Info
https://www.finra.org/registration-exams-ce/qualification-exams/securities-industry-essentials-exam