TAKING THE SIE EXAM SHORTLY? BE PREPARED ON MUNICIPAL FUND SECURITIES

When preparing for the Securities Industry Exam (SIE), don't overlook Municipal Fund Securities. More than one SIE candidate has sat for test only to be surprised that there were questions on Municipal Fund Securities. First of all, you need to know the different types of these securities, such as 529 Plans, Local government investment pools, and ABLE accounts. Then you need to know the different characteristics of each of these three types.

How do I know that the SIE Exam contains questions on Municipal Fund Securities? I know this because FINRA's Content Outline for the SIE Exam specifically identifies these securities in Section 2.1.5 as covered by the test.

Bob Eder in his Study for the Securities Industry  Essentials Exam (SIE) discusses Municipal Fund Securities in detail. Here is a sample of Bob Eder's treatment:

Municipal Fund Securities                                          (2.1.5)

A municipal fund security is much like an investment company, but is exempt from registering as an investment company under Section 2(b) of the Investment Company Act. Furthermore, interest received from municipal fund securities is exempt from federal tax. Here are some examples of municipal fund securities: Able Programs, Local Government Investment Pools (LGIP's), and 529 Plans. We discuss each of these in the following paragraphs.

Here is the link to FINRA's Content Outline for the SIE Exam. See the references to Municipal Fund Securities in Section 2.1.5. 

Study for the Securities Industry Essentials (SIE) Exam is available from Amazon in both paperback and Kindle e-book versions. Here is the link to Bob Eder's book on Amazon.

For questions about Bob Eder's Study for the Securities Industry Essentials (SIE) Exam, or questions in general about the SIE exam, or about Municipal Fund Securities, feel free to email Bob Eder at bobeder@bobeder.net.

Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. See Bob Eder's Author Page on Amazon.com.



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