Study for the Securities Industry Essentials (SIE) Exam

by Bob Eder

Bob Eder's Study for the Securities Industry Essentials (SIE) Exam helps the applicant study and prepare for the 75-question SIE exam, a necessary test to pass if one is to become a securities professional. Anyone contemplating taking the Series 6 for mutual fund and variable annuity professionals, or the Series 7 for general securities practitioners, needs to take and pass the SIE exam in conjunction with the Series 6 and 7 exams. Our book covers important information about the workings of the securities industry; types of products; exchange-traded funds, including leveraged and inverse ETF's; put and call options, including in-the-money and out-of-the-money options; principles of bonds, including different types of bonds and yields; risks of investing; regulatory agencies such as FINRA and the SEC; communications with customers; and prohibited dealings, to name just a few. Study for the Securities Industry Essentials (SIE) Exam provides questions and examples throughout the text as study aids for the student. In addition, our book contains two practice exams of 75 questions each, together with answers and full explanations. Also a glossary of terms for quick reference at the end of our book. Our chapter on options comes with formulae for basic options positions, showing maximum profit, maximum loss, and break-even points for each of the option positions. The SIE Exam is a FINRA exam that anyone aged 18 or older may take, even students still in school and prospective candidates for future registration. There is no requirement that a person possess an association with a brokerage firm. Once a student takes and passes the SIE exam, his/her results are valid for four years.

488 pages, Kindle Edition

Published March 14, 2019

About the author

Beginning in 1977 or 1978, I started teaching classes on securities, i.e., stocks and bonds, to persons interested in taking the various exams that were an essential part of becoming licensed or registered with the SEC, FINRA, and other securities authorities. When as an older adult, I began my studies at the University of Utah Quinney School of Law. I received a J.D. degree in 2001. Thereafter, after several years of practicing law, I began writing text books on the various registration exams, including the Series 6, Securities Industry Essentials (SIE), Series 65, and Series 66.