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...

Are you planning to obtain registration as either a Series 6 Mutual Fund/Variable Annuity representative or a Series 7 General Securities representative?  If so, you will need to take and pass the Securities Industry Essentials exam (SIE) before your Series 6 or Series 7 registration will become effective. 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.) degree from the University of Utah, Quinney College of Law in 2001.

Are you planning to take the SIE Exam? If so, consider our study manual, Study for the Securities Industry Essentials Exam .  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.) degree from the University of Utah, Quinney College of Law, in 2001. He is a member of the Utah State Bar, although he does not currently practice law.

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...

Are you planning on taking the Securities Industry Essentials Exam, or the SIE? Then make sure that you know the important changes made to IRA plans and 529 education accounts by the Secure Act of 2020. Here are some of the new changes. Secure Act of 2020 —This act allows a holder of an IRA to delay until age 72 (increased from 70 ½) the mandatory obligation to begin withdrawing funds, or taking the required minimum distribution (RMD). It also allows using monies in a 529 education savings plan to pay off $10,000 of the beneficiary's student debt, and another $10,000 for each sibling of the beneficiary for the purpose of   paying off the siblings' education indebtedness. If you are fuzzy about these new provisions, meaning that you are unable to confidently explain, for example, when a person must begin taking required minimum distributions (RMD) from his/her Traditional IRA, then you need to do more serious study preparation.  Bob Eder J.D.'s book  Study for the S...

How familiar are you with preferred shares and the different classes or types of preferreds? The Securities Industry Essentials (SIE) exam asks about preferred shares, Therefore do not go into the SIE exam without first becoming thoroughly familiar with this subject. Here's one of Bob Eder's own questions. Can you answer it correctly? Larry purchases 100 shares of preferred stock issued by XYZ Corp. The shares are "cumulative preferreds." Each share carries a dividend rate of three dollars ($3.00). XYZ Corp. has not paid any dividends on these cumulative preferred shares for the last two years. How much must XYZ Corp. pay on the preferred shares for the current year if it wishes to pay a dividend on its common shares. a.     $3.00 per share b.    $6.00 per share c.     $9.00 per share d.     $12.00 per share The answer is (c). A cumulative preferred means that the issuing company, such as XYZ Corp., may not pay any divide...