TAKING THE SIE EXAM? KNOW ABOUT EQUITY SECURITIES, INCLUDING VOTING RIGHTS AND CONVERTIBLES

One of the valuable study aids for the Securities Industry Essentials (SIE) exam is the Content Outline published by FINRA. It lists all the topics that the SIE exam covers, meaning that if you plan to take the test, you should be prepared to answer.

 For example, Section 2.1.1 of the Content Outline lists order of liquidation for a company declaring Chapter 11 bankruptcy, types of voting rights, benefits of convertible securities, and securities that can only be sold under SEC Rule 144.

 Bob Eder J.D. has a study guide for the test, covering all of the above topics. For example, his book, Study for the Securities Industry Essentials (SIE) Exam, covers order of liquidation beginning on page 39 of Chapter 3 on Equity Securities. At the end of the section, Bob Eder inserts a question on who gets what first for a company in bankruptcy.

 Also in its Chapter 3, Study for the Securities Industry Essentials (SIE) Exam also covers types of rights, explaining the difference between statutory and cumulative voting.

 In addition, Bob Eder's book covers convertible securities in detail, occupying four pages. Topics include conversion price, conversion ratio, parity price, and when to convert or not convert. Following the discussion, Bob Eder inserts three practice questions to give the reader/student a chance to work with questions of this type. Bob Eder also provides three examples demonstrating how to work the problems.
We indicate here only a small example of Chapter 3 on Equity Securities. 

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 2.1.1 on Equity Securities.
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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