Pandemic Study Tip: Practice With a Mask

Since Prometric test centers now require test-takers to wear a mask when taking a securities exam Continue reading

Since Prometric test centers now require test-takers to wear a mask when taking a securities exam, Solomon Exam Prep recommends that individuals studying for a securities licensing exam — such as the SIE, the Series 7 or the Series 65 — take at least one practice exam at home wearing a mask. Solomon Exam Prep’s Exam Simulator offers quizzes and timed and untimed practice exams. Wearing a mask while using the Solomon Exam Simulator will better simulate the pandemic test center experience and help you prepare for your exam.

Solomon Exam Prep, a leader in FINRA, MSRB, NASAA and NFA securities licensing exams, has helped thousands pass the SIE and the Series 3, 6, 7, 14, 22, 24, 26, 27, 28, 50, 51, 52, 53, 54, 63, 65, 66, 79, 82 and 99.

Pepperdine and Solomon

Solomon Exam Prep is excited to announce that Pepperdine Graziadio Business School has chosen Solomon Exam Prep as its curriculum provider for its summer Securities Industry Essentials exam prep class. Continue reading

Solomon Exam Prep is excited to announce that Pepperdine Graziadio Business School has chosen Solomon Exam Prep as its curriculum provider for its summer Securities Industry Essentials exam prep class. The two-credit class for Pepperdine MBA students will begin on June 17 and will run for seven weeks.  It will be taught by Chris Manfre.

Royal baby eligible to take FINRA SIE Exam in 18 years

Buckingham Palace announced this week that the Duchess of Sussex, Meghan Markle, had given birth to a boy. The father, Prince Harry, said he was “absolutely thrilled” but said the couple hadn’t chosen a name yet. Continue reading

Buckingham Palace announced this week that the Duchess of Sussex, Meghan Markle, had given birth to a boy. The father, Prince Harry, said he was “absolutely thrilled” but said the couple hadn’t chosen a name yet.

Royal observers noted that the Queen’s latest grandchild is seventh in line to the throne, behind the Prince of Wales, the Duke of Cambridge and his children – Prince George, Princess Charlotte and Prince Louis – and Prince Harry. Given this, some suggested that the nameless royal tike could consider taking the FINRA Securities Industry Essentials (SIE) exam.
 
Jeremy Solomon, President of Solomon Exam Prep, agreed: “the SIE exam is an option for anyone 18 years and older, regardless of your nationality, title or regal heritage.” SIE exam topics include: equity securities, debt securities, mutual funds, options, hedge funds, risks, disclosure, taxation, securities markets, issuing securities, customer accounts, prohibited activities, rules and regulations.
 
Solomon Exam Prep has helped thousands of commoners, and perhaps a few royals, pass FINRA, NASAA and MSRB securities licensing exams including the SIE and the Series 3, 6, 7, 14, 24, 26, 27, 28, 50, 51, 52, 53, 54, 63, 65, 66, 79, 82 and 99.

Solomon Partners With Ohio Dominican University

Solomon Exam Prep—a leading publisher of securities exam prep materials—is proud to announce a partnership with Ohio Dominican University. Continue reading

February 1st, 2019

Solomon Exam Prep—a leading publisher of securities exam prep materials—is proud to announce a partnership with Ohio Dominican University. With this partnership, ODU students will get everything needed to pass the all-important SIE exam.

As FINRA’s “introductory” exam, the SIE is used by securities firms to measure the seriousness of job candidates. For years, Solomon’s instructors have helped professionals pass securities exams—and now they’ve drawn on this expertise to create the best possible SIE test-prep materials. Geared to a variety of learning styles, these include:

  • A digital study guide
  • An audiobook
  • Flashcards
  • Free mobile apps
  • An online exam simulator with unlimited quizzes and exams
  • A video lecture with slides and narration
  • Custom study schedules for classes or independent study

Perhaps most importantly, Solomon’s materials are complemented by personalized support. As one student noted, “I didn’t think this kind of customer service and general human kindness existed anymore.” The company’s dedication shows in its consistently high pass rates.

Partner instructors rave about Solomon’s materials as well—especially for featuring:

  • An online interactive admin portal where courses and student progress can be monitored (making “back-end faculty work a breeze,” as UN-Omaha’s Ray LeBlanc recently put it)
  • A curriculum tailored to fit the needs of each school and program
  • No expense to the partnering school beyond the study materials for the students

Contact us at 503.601.0212 to discuss setting up a Solomon partnership for your school—and to join such prestigious institutions as the University of Nebraska-Omaha, Adelphi University, Seton Hall University, and the University of Dallas.

Jeremy Solomon, Founder/President
jeremy@solomonexamprep.com

Beth Hamilton, Business Development
beth@solomonexamprep.com

 

About Solomon Exam Prep
Founded by Karen Solomon (Ph.D., University of Chicago) and Jeremy Solomon (MBA, Wharton), Solomon Exam Prep has helped thousands of students pass their series exams: Series 3, 6, 7, 24, 26, 27, 28, 50, 51, 52, 53, 62, 63, 65, 66, 79, 82 and 99.

Solomon Exam Prep

 

 

6750 SW Franklin St, Suite A, Portland, OR 97223
SolomonExamPrep.com
503.601.0212

December Study Question of the Month

Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card. Continue reading

Submit your answer to info@solomonexamprep.com to be entered to win a $10 Starbucks gift card.

Question

Relevant to the SIE.

Henry buys shares of ABC in an initial public offering.  Two months later he sells the shares to James.  Two months later James sells the shares to Carrie. Which of the following is true?
 
A. Henry’s sale to James is a primary market transaction, while James’s sale to Carrie is a secondary market transaction
B. Both Henry’s sale to James and James’s sale to Carrie are primary market transactions
C. Henry’s sale to James is a primary market transaction, while James’s sale to Carrie is a follow-on offering

D. Both Henry’s sale to James and James’s sale to Carrie are secondary market transactions

Answer: D. When an investor buys shares in an IPO from the issuer, the purchase is a primary market transaction.  After that, whenever sales of the security are traded from investor to investor, and not from the issuer to an investor, the sales take place in the secondary market.  Thus, while Henry’s initial purchase is a primary market transaction, his sale to James and then James’ sale to Carrie are both secondary market transactions.

Bring the SIE to Your Summer Internship Program

Summer internships offer firms a way to stay young and grow. Continue reading

The Securities Industry Essentials (SIE) exam comes bearing more gifts! Not only does the SIE help individuals break into the securities industry, it also provides some incredible opportunities for employers.

Summer internships offer firms a way to stay young and grow.

College students or recently graduated students are the future of your firm and the SIE makes it a lot easier to ensure your firm’s future is bright!

Since the SIE exam will not require BD employment or sponsorship or even a background check, what better way to help your interns succeed than have them study for the SIE exam! By giving your interns the chance to study for the SIE during your program, they will be ready to work for you full time upon graduation.

You can learn more about the SIE and Solomon here.

Solomon offers a complete SIE curriculum including online and print study materials.

Call 503-601-0212 to offer your summer interns the educational experience they will appreciate and value for the rest of their lives!

 

FINRA releases final SIE outline

FINRA released the final Securities Industry Essentials (SIE) exam content outline. Continue reading

Today FINRA released the final Securities Industry Essentials (SIE) exam content outline. The outline is an updated version of the draft that FINRA released as part of an earlier regulatory notice. This final content outline is now available on the FINRA website.

With the release of the SIE content outline, content outlines for the revised representative level (“top-off”) exams — the Series 6, Series 7, Series 22, Series 57 Series 79, Series 82, Series 86/87, and Series 99 — are expected to follow.

While FINRA has proposed a $60 fee for the SIE exam, it has yet to determine a passing score.

The SIE is expected to launch October 1.

For more information about the SIE or other FINRA, NASAA or MSRB securities licensing exams, visit www.solomonexamprep.com or give us a call at 503-601-0212.

FINRA Proposes $60 Fee for Securities Industry Essentials (SIE) Exam

As the Securities Industry Essentials (SIE) exam looms in the distance, FINRA is moving full steam ahead to ready the exam for its October 1 launch. Continue reading

On December 20, 2017, FINRA held its Board of Governors Meeting to discuss rule proposals and the 2018 budget. One rule that was addressed was the fee for the Securities Industry Essentials (SIE) exam. FINRA chose a fee of $60 for the exam. This rule change will be filed with the SEC and await approval sometime in the new year.

The $60 fee is considerably less than the $100 fee for the Series 6 and the $305 fee for the Series 7 exam. FINRA’s meeting notes report that the price for other exams will be reevaluated as well, to adhere to the changing securities landscape.

Jeremy Solomon, President of Solomon Exam Prep, responded to the proposed fee:

“This is another indication of how serious FINRA and the industry is about making the SIE exam as user-friendly and available as possible. Kudos to FINRA.”

For more information about the SIE or other FINRA, NASAA or MSRB securities licensing exams, visit www.solomonexamprep.com or give us a call at 503-601-0212.

FAQs for the Securities Industry Essentials Exam (SIE)

Do you know what is going to be on the SIE exam? What about if you’re already registered, will you have to take the SIE? Here are the most up-to-date answers for all your SIE questions. Continue reading

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When will the SIE exam begin?
October 1, 2018

What is the SIE exam going to test?
FINRA states that the SIE will test 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.

Will I need to be employed by a broker-dealer in order to take the SIE?
No, unlike current FINRA licensing exams, you will not need to have a job with a broker-dealer in order to take the SIE exam.

Will a minor be permitted to take the SIE?
No, you will have to be at least 18 years old to take the SIE.

For how long will a passing score on the SIE be valid?
Four years from the date you pass the SIE.

How many questions will there be on the SIE exam?
75

How much time will I have to take the exam?
105 minutes

If I fail the SIE, will I be permitted to retake the exam?
Yes, if you fail the SIE, you will be permitted to retake it, but you will have to wait 30 days. FINRA is maintaining its 30/30/180 day rule with respect to the SIE. This means that if you fail the SIE you must wait 30 days to retest. However, if you’re unlucky enough to fail it three times, as with other securities exams, you will have to wait 180 days to take it again. This same 30/30/180 day rule will apply to the specialized representative-level exams (the so-called “top-off” exams).

If I pass the SIE, will I be permitted to take the SIE exam again, just for fun?
FINRA says no. Killjoys.

Will SIE test-takers receive their scores?
Unlike current licensing exams, FINRA has indicated that it will provide SIE test-takers with pass/fail information only. However, there has been discussion about providing those who fail the SIE with additional information about their results.

If I am already registered, will I have to take the SIE?
If you are a registered representative before October 1, 2018, and you maintain your registration on or after October 1, 2018, FINRA will credit you with the SIE.

What if I was once a registered representative but my registration lapsed, will I have to take the SIE if I want to get back in the securities industry?
If your registration terminated between October 1, 2014, and September 30, 2018, provided you re-register as a representative within four years from the date of your last registration, then you will not have to take the SIE. In other words, after two years outside the securities industry if you want to become registered again you will have to retake a representative-level qualification exam (the so-called top-off exams) such as the Series 6 or the Series 7.

What if my registration lapsed or terminated before October 1, 2014?
In order to get re-registered, you will have to pass the SIE and any relevant top-off exam, such as the Series 6 or Series 7.

If I am registered in an exam license that is being retired by FINRA — such as the Series 11, Series 62, Series 42 or Series 72 – will I have to take the SIE exam if I leave the industry?
Not if you leave the industry and return within two years.

What if I want to become a municipal securities representative? Is the SIE relevant?
The MSRB has indicated that it plans to coordinate its licensing exams with the new SIE, so after October 2018 it’s likely that in order to become a Municipal Securities Representative you will need to first take the SIE and then a revised “top-off” version of the Series 52 exam.

If I pass the SIE, will I become a “registered representative?”
No, in order to be registered for a particular function, you must pass the SIE and then get hired by a broker-dealer and then pass a representative-level qualifying exam, such as the Series 6 or Series 7.

Will it be possible to take the SIE and a representative-level exam on the same day?
Yes, as long as you reserve time at a testing center for both exams on the same day.

Will it be easier to pass the SIE and the revised representative level (top-off) qualification exam than it will be to pass the current representative-level exam?
Unclear. A lot depends on whether you’d rather take one longer test or two shorter ones. If you’d prefer to take one longer test, you should take your exams before October 1, 2018. After October 1, 2018, in terms of number of questions, some representative-level qualification categories will require more testing and some will require less testing. See the table in the PDF for detail.

Who offers the best SIE study materials and where can I get them?
Go to Solomon Exam Prep or call 503-601-0212.

Where should I go to schedule my exam?
Prometric.

Will the 120-day “exam window” still apply to the SIE?
Yes, FINRA will continue its system of giving test-takers a 120-day exam window during which you will be able to take the SIE.

How much will it cost to take the SIE?
FINRA has not published a price yet.

If I am an employer and I work for a broker-dealer, will I be able to find out whether a job candidate or any individual passed the SIE?
Yes, according to FINRA, broker-dealers will be able to confirm via Web CRD whether someone passed the SIE.

Have more questions? Visit our SIE page!