STUDY FOR THE SECURITIES INDUSTRY ESSENTIALS EXAM (SIE) EXAM

When studying for the Securities Industry Essentials (SIE) exam, it is important to study those subjects that are tested on the exam. It would be a waste of time to study materials not on the exam. How do we know what is covered by the SIE exam? The answer is that FINRA publishes a Content Outline for the test. This is why Bob Eder's book Study for the SIE Exam indicates the references numbers of the Content Outline for each major paragraph in the text.  For example, the Content Outline for the SIE exam lists certain types of debt instruments that a candidate needs to know about. These include municipal securities, such as general obligation bonds, revenue bonds, and various other types. Bob Eder's book lists the Content Outline's references numbers - 2.1.2 - next to the topic heading.  Here is the link to FINRA's Content Outline for the SIE exam. Bob Eder J.D.'s book  Study for the Securities Industry Essentials (SIE) Exam  covers the important rules and regulatio...

Study for the Securities Industry Essentials Exam by Bob Eder J.D. includes discussion of Regulation Best Interest, or Regulation BI, which now applies to dealing with retail customers.  Regulation Best Interest now requires every registered representative to view his/her recommendations through the prism of whether such recommendation is in the retail customer's best interests. Regulation BI went into effect on June 30, 2020. Prior to this date, a representative was required merely to assure that his/her recommendations met the test of suitability.  Furthermore, there was no requirement to present a retail customer with conflicts of interest in writing. Regulation BI now requires this disclosure. Regulation BI applies to recommendations also on which type of accounts to recommend to retail customers, not just to securities recommendations. This means before a representative puts a retail customer into a mutual fund account, or into a margin account, or into a wrap fee accoun...

Taking the SIE exam? Don't neglect to study rules of FINRA and other SRO's! What is an SRO? It stands for self-regulatory organization, such as FINRA, the Chicago Board Options Exchange (CBOE), the Municipal Securities Rulemaking Board (MSRB), and the various stock exchanges. Section 4.1 of the SIE Content Outline is entitled "SRO Regulatory Requirements for Associated Persons." Take a look at this section in the SIE Content Outline. Notice the rules and regulations that are listed. What does this mean for you and passing the test? It means that you cannot neglect studying the rules in depth and in detail. Bob Eder J.D.'s book  Study for the Securities Industry Essentials (SIE) Exam  covers the important rules and regulations of FINRA and the other SRO's.  Bob Eder's book is available from Amazon in both paperback and Kindle e-book versions.  Here is the link to Bob Eder's book on Amazon . Bob Eder received his Juris Doctor (J.D.) deg...

Be prepared for questions on fixed income securities if you plan to sit for the Securities Industry Essentials Exam. If you are new to the securities industry, the term "fixed income securities" might cause you to check a financial dictionary. By this term, the securities industry means bonds, all types of bonds. For example, the SIE Exam asks about Treasury bills, notes and bonds. You should know about corporate and municipal bonds also. Make sure that you are familiar with all the subsections of fixed income securities, as listed in the SIE Exam Content Outline published by FINRA. Here is the link to the SIE Exam Content Outline . Pay close attention to Section 2.1.2 on Debt Instruments, another name for Fixed Income Securities. Bob Eder J.D.'s book, Study for the Securities Industry Essentials SIE Exam , is available through Amazon in either paperback or Kindle e-book versions. Here is a link to the book on Amazon .