STUDY FOR THE SECURITIES INDUSTRY ESSENTIALS EXAM (SIE) EXAM

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.

Our recently published study text, Study for the Securities Industry Exam (SIE),  contains 17 chapters, closely following the official FINRA Study Guide for the exam. One of the important topics that you need to know for the SIE Exam is options. ( See 2.1.3 in the Study Guide. ) Our book  Study for the SIE Exam covers options in depth and detail. Here are the main topics which our Chapter 5 covers on Options. Be prepared for the SIE Exam. Don't walk in on the test without a working knowledge of options. Call and Put options Options Disclosure Document How to enter options tickets Long Calls Short Calls Long Puts Short Puts Terminology on short options Closing out long options Closing out short options Meaning of options positions Options strategies Bullish options Bearish options Option Strike Prices Option Premiums writing covered options Writing uncovered options Short stock & short put In-the-money options Out-of-the-money options American se...