STUDY FOR THE SECURITIES INDUSTRY ESSENTIALS EXAM (SIE) EXAM

Be prepared for questions on fixed income securities if you plan to sit for the Securities Industry Essentials Exam. If you are new to the securities industry, the term "fixed income securities" might cause you to check a financial dictionary. By this term, the securities industry means bonds, all types of bonds. For example, the SIE Exam asks about Treasury bills, notes and bonds. You should know about corporate and municipal bonds also. Make sure that you are familiar with all the subsections of fixed income securities, as listed in the SIE Exam Content Outline published by FINRA. Here is the link to the SIE Exam Content Outline . Pay close attention to Section 2.1.2 on Debt Instruments, another name for Fixed Income Securities. Bob Eder J.D.'s book, Study for the Securities Industry Essentials SIE Exam , is available through Amazon in either paperback or Kindle e-book versions. Here is a link to the book on Amazon .

Are you planning to sit for the Securities Industry Essentials (SIE) exam? If so, be aware that the SIE exam tests your knowledge of equity securities. For example, know the difference between different types of shares, such as authorized, issued, outstanding and treasury shares. Know about preferred stock, how it differs from common shares. Know the characteristics of participating preferred, callable preferred, cumulative preferred, and convertible preferred. As to convertible preferred shares, you must be able to work problems ascertaining conversion price, conversion ratio, parity price, what strategies to adopt if a company does, in fact, call in its convertible preferred shares. If you are weak on any of these areas, you may want to consider Bob Eder's Study for the Securities Industry (SIE) Exam . Its Chapter 3 is entitled Equity Securities , and covers all of the above topics, giving examples and practice questions to allow you to test your familiarity and knowledge

If you are planning to take the Securities Industry Essentials (SIE) exam, be prepared for questions on different types of markets. For example, the SIE Study Outline available from FINRA lists types of markets (1.2.1), such as the primary market, the secondary market, the third market, and the fourth market.  Make sure you know the difference between these markets before you go in to take the test. Bob Eder's Study for the Securities Industry Essentials (SIE) Exam covers these different types of markets, as well as all the topics listed in FINRA's Content Outline in some depth. Here is the link to FINRA's Outline . Bob Eder's book is available through Amazon either in paperback or Kindle e-book versions. Here is the link to Study for the Securities Industry Essentials (SIE) Exam at Amazon. P.S. You will need to take and pass the SIE exam before your Series 6 or Series 7 license can become effective.