SIE Online Exam Simulator
Online Exam Simulator
Price:
$99.95
 
 
Description
FAQs
Terms of Use
  • The Solomon SIE Online Exam Simulator is the industry-leading, online testing solution for the FINRA Securities Essentials Examination! The web-based program provides multiple ways to prepare for the SIE exam:

    • An unlimited number of randomly generated 10-question quizzes corresponding to the sections of the FINRA outline
    • An unlimited number of randomly generated 75-question practice exams with immediate answer feedback
    • An unlimited number of randomly generated 75-question timed exams to best simulate the test-taking experience


     The 180-day subscription includes:

    • Full access to Solomon Exam Prep's SIE question database (Over 2,200 questions!)
    • Full access to regular database updates


    (Exam simulator subscriptions are limited to one individual.)

    Sample a FREE demo of our SIE Online Exam Simulator here!
  • 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.

    What if an individual fails to pass the current representative-level exam, and the next exam is after October 1, 2018, will that individual have to take the SIE and the new top-off representative exam?

    Yes. But the individual would not be required to wait 30 days because the SIE and the top-off exams are different exams from the current representative-level exam.

    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 reenter 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.

    What if I am registered in an exam license that is being retired by FINRA, will I have to take the SIE exam?

    If you are registered in an exam license that FINRA is retiring, such as the Series 11, Series 62, Series 42 or Series 72, you will not have to take the SIE. You will only have to take the SIE if you left the industry and your license expired. 

    If you return to the industry within two years, you will not have to take the SIE. 

    If an individual has a representative level securities license (a Series 6 or Series 7, for example) and wants to get another representative level securities license (the Series 79 or Series 82, for example), will that individual have to take the SIE and the new "top-off” exam after October 1st, 2018?

    No, these individuals will be grandfathered into the SIE. They will only have to take the top-off exam.


    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 "top-off" qualification exam than it will be to pass the current representative exams?

    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 on page 3 here for detail.

    Who offers the best SIE study materials and where can I get them?

    Go to here or call 503-601-0212.

    Where should I go to schedule my exam?

    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 chosen a fee of $60 for the exam. This rule change will be filed with the SEC and await approval sometime in 2018.

    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.

  • Shipping & Return Policies

    Policies

    Shipping

    Orders are processed Monday-Friday from 7:00 a.m.-4:00 p.m. Pacific Time. Same-day shipping is not guaranteed on orders placed after 12:00 p.m. Pacific Time or any order placed on Saturdays, Sundays or holidays. Orders placed during these times will be shipped the next business day.

    Return Policy

    Should you wish to return part or all of your purchase the following return policy will apply:

    Merchandise is nonreturnable and nonrefundable once it has been received. The definition of received is as follows :

    • Shipped products including Study Guides and Audiobooks - Any item that is shipped will be considered received once it has been removed from its paper wrapping.
    • Exam Simulators, Video Lectures/On-Demand Classes, and audiobooks (MP3 Streaming + Download) - These products are considered received if an individual has activated the product, logged in for more than 15 minutes, and/or has logged in more than once.
    • Live Online Classes- Classes are considered received once an individual has logged into a session even if they do not participate in the duration of the lesson(s).

    Shipping and Handling is nonrefundable under any circumstances.  Solomon Exam Prep is not responsible for any Shipping and Handling costs required to return any merchandise.

    All shipped products must be returned in original condition.

    All returns will be subject to a $10 processing fee.

    Once a purchase is complete all return requests must be received within the following time line:

    • 72 hours from receipt for online and downloadable products
    • 14 days from receipt for all shipped products

    If returned merchandise meets all of the above requirements, a credit will be added to the credit card used at the time of purchase.  The refunded amount will be the amount paid for the product at the time of purchase less the $10 processing fee and will not include any shipping and handling fees. 

    If returned merchandise does not meet all of the above requirements, no refunds will be awarded.

    All products purchased from Solomon Exam Prep either online or by phone are subject to this return policy. If you have any questions about this policy please contact us by phone at 503-601-0212 or email at info@solomonexamprep.com.

    Extensions

    Extensions past the 180 day access period are granted for Online Exam Simulators only. The following extensions are available upon request: 

    • One-time, 5 day extension at no extra charge.
    • One-time, 30 day extension for 25% of Online Exam Simulator cost, granted upon receipt of payment.
    • Extensions required due to extenuating circumstances are given consideration if Solomon Exam Prep is contacted within 3 months of the expiration date of the Online Exam Simulator.
    To request an extension, please contact Solomon Exam Prep at 503-601-0212 or email at support@solomonexamprep.com.




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