SIE: Frequently Asked Questions

Taken from our SIE Online Guide

Securities Industry Essentials (SIE) Exam Frequently Asked Questions

What does the SIE exam test?

The SIE exam tests fundamental securities-related knowledge, including knowledge of basic products, such as stocks, bonds, and mutual funds. It will also test securities industry rules and regulations.

What score do I need to pass the exam?

In order to pass the SIE exam, you must correctly answer 70% of the scored questions.

How many questions are on the exam?

There are 75 scored and 10 unscored questions. The 10 unscored questions are randomly distributed, so test takers do not know which questions are not scored. The unscored questions are being tried out by FINRA.

Are the questions put into any order?

No, the questions are randomly distributed.

If I get some questions correct does the test adjust and give me progressively harder questions?

No, the questions are randomly distributed.

How long is the exam?

You’ll have 1 hour and 45 minutest to complete the exam.

Do I need to be sponsored by a FINRA member firm?

No, unlike other FINRA licensing exams, you do not need to be employed or sponsored by a broker-dealer in order to take the SIE exam.

Where can I take the exam?

Prometric offers the SIE exam at test centers around the world.

Prometric Testing Centers
800-578-6273
www.prometric.com/finra

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