TAKING THE SIE EXAM? ARE YOU PREPARED FOR QUESTIONS ON PUBLIC AND PRIVATE OFFERINGS?

If you plan to sit for the SIE exam, be aware that you need to be prepared for questions on public and private offerings of securities.

 For example, you must be able to explain the difference between primary and secondary offerings. A primary offering is an offering of securities or shares that have never been issued before. A secondary offering on the other hand involves securities already owned and now being re-sold.

 Make sure that you can articulate the difference between types of underwriting by underwriting syndicates. There are two main types—best efforts and firm commitment.

 And don't go into the test without familiarity with shelf offerings—what they are and why companies find them useful.

 We indicate here only a few of the topics covered in the SIE's section on Offerings. Bob Eder's Study for the Securities Industry Essentials (SIE) Exam covers the subject in detail. 

 Bob Eder's book, Study for the Securities Industry Essentials (SIE) Exam, can help you prepare for the SIE test. It is available through Amazon in both paperback and Kindle e-book versions. Here is the link to Bob Eder's book on Amazon.

 Here is the link to FINRA's Study Outline for the SIE exam. Note Section 1.4 on Offerings.

 Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. He is a member of the Utah State Bar, currently on inactive status.

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