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 , ca...