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.