STUDY FOR THE SECURITIES INDUSTRY ESSENTIALS EXAM (SIE) EXAM

  Thinking of taking the Securities Industry Essentials (SIE) exam? Then make sure that you study the characteristics of Private Placements and Private Offerings because you are likely to see questions about these topics on the SIE exam. How do I know this? FINRA list these topics In its Content Outline for the SIE Exam in Section 1.4, entitled Offerings. Bob Eder in his SIE guide,  Study for the Securities Industry Essentials (SIE) Exam , discusses Private Placements and Offerings in detail. Here is a sample of Bob Eder's discussion: Rule 506 Under Rule 506 of Reg. D, there is no dollar limit on the size of the private offering. Moreover, there may not be more than 35 investors. In addition, Reg. D allows an unlimited number of accredited investors, generally those with sizeable assets or income. In a Rule 506 offering, all purchasers, accredited or non-accredited, must be knowledgeable and sophisticated investors, meaning that they are both familiar with investing and that...

The SIE Exam tests candidates on privacy rules that registered reps must observe for maintaining the confidentiality of financial information and financial status of customers. How do we know this? FINRA publishes a Content Outline for the SIE exam, and Section 3.2.4 of the Content Outline lists the privacy requirements and Regulation S-P as important for the exam. Bob Eder in his SIE guide, Study for the Securities Industry Essentials (SIE) Exam , discusses privacy requirements in detail. Here is a sample of Bob Eder's discussion: Regulation S-P The SEC has adopted Regulation S-P to assure that broker/dealers and investment advisory firms, as well as other firms that collect sensitive financial information of customers, comply with the law on safeguarding the privacy of personal non-public financial information. The notice must be easy to understand, conspicuous, not camouflaged in small type or font. It must be sent to all persons with whom a financial firm initiates or mainta...