FINRA is still testing various provisions to make online delivery accommodations available to candidates with disabilities. Yes. You will not be permitted to access any study materials, make any phone calls, access electronic media or your locker during an unscheduled break. You have different options for onboarding new hires: ●     Hire applicants who have already successfully passed the SIE exam. If you require special accommodations, you cannot schedule your test via the internet. FINRA has developed a toolkit for use by colleges and universities to share information about the SIE. Online Test Delivery: Upon completion of your exam, you will not receive your official result report. Focus on basic terminology and federal regulations. You may be allowed to start your exam early if a seat is available. Most importantly, firms can mitigate the drain on productivity when bringing on new hires. When readers purchase services discussed on our site, we often earn affiliate commissions that support our work.

Information on this page has been gathered by a multitude of sources and was most recently updated on May 2020. Start your free trial today. Per FINRA testing policies, you are not permitted to leave the building during an unscheduled break unless required to do so to use the bathroom facilities. Based on FINRA Regulatory Notice 17-30, the following individuals are considered to have passed the SIE exam: All other individuals seeking representative-level registration must pass the SIE exam, unless they obtain a waiver. How do I become eligible to take an FINRA exam? Important: Testing accommodations are currently only available for appointments delivered at a test center. FINRA is overseen by the Securities and Exchange Commission, or the SEC, and enforces all federal laws related to securities. Should a center be unable to administer your test because of a technical problem or some other emergency (including weather-related ones), your appointment will be rescheduled with no additional charge. The Securities Industry Essentials (SIE) Exam is a new introductory exam administered by the Financial Industry Regulatory Authority (FINRA) for anyone seeking to enter or re-enter the securities industry. Passing the SIE Exam alone will not qualify you to join a firm and practice in the business. For detailed information, please review FINRA's cancellation policy. All you have to do is: While registering for the SIE Exam is simple, studying, of course, takes a little more time and effort.

Test-takers must be at least 18 years old and have a valid photo ID. It is also a great opportunity to demonstrate your knowledge and commitment on your resume before applying to a firm since there is no need to be employed before taking the exam. The toolkit includes: In addition, the SIE outline and practice test will provide your students with a guide to the range of topics covered and examples of the types of questions that will appear on the actual exam. You will be provided with a printed copy of your pass/fail results. Additionally, candidates now have to pass multiple exams before registering with FINRA, which may extend the onboarding process to account for exam scheduling, testing, and waiting periods for retakes. 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. The common content is now tested in the new Securities Industry Essentials (SIE) exam. Finally, for those firms who want to hire individuals without the SIE credential, the total exam fees will likely stay the same. Launched on Oct. 1, 2018 with FINRA’s restructuring of its representative-level exams, the SIE Exam covers the foundational concepts that lead into qualification, or “top-off,” exams such as the Series 6 or Series 7. Please plan to arrive 30 minutes before your scheduled appointment to allow time for check-in procedures.

The SIE Exam costs $60 and can be taken at any Prometric Test Center or through a firm with access to FINRA’s Central Registration Depository. Upon completion of your exam, you will not receive your official result report. For example, if you are scheduled to take the SIE exam, your SIE appointment will be scheduled for 2 hours and 15 minutes. Removed religious apparel must be stored in your locker. For updates and guidance related to COVID-19 / Coronavirus, click here. The SIE Exam consists of 75 questions that cover the … An exam proctor will check everything that you plan to bring into the testing room before allowing you to begin. These same proven approaches are being used to implement SIE-related programs within more than 1,500 universities, many of which Kaplan is currently partnering with to offer CFP® certification education and CFA®-based curricula, as well as more than 1,000 corporate partners. If testing at a Prometric test center, personal items must be kept in your assigned locker or returned to your car prior to the start of your exam. Firms that currently have, or plan to develop, relationships with local universities have an advantage in leveraging the benefits of this new exam. Upon return from an unscheduled break, a security check will be performed.

If testing online, personal items must be left outside of the room you test in. Please note that any request to bring any personal belongings into the testing room or during online test delivery must be approved prior to scheduling your appointment. You will not be allowed to test if you arrive later than 30 minutes after your appointment start time and a seat is unavailable to accommodate your full testing time. Like the Series 6 Exam, it can be taken at the same time or after the SIE Exam.

No personal items, food or drink, including coffee and water, are permitted inside the testing room. Answer 75 multiple-choice questions that are similar to those you might find on the SIE exam. You must notify your proctor if you need to take an unscheduled break. Bring one valid, government-issued identification with a signature and picture, such as an unexpired driver’s license, passport or military ID. © John Wiley & Sons, Inc., or related companies. However, you still need employer sponsorship to take a top-off exam (Series 7, Series 79, Series 6, etc.). Test Center Delivery: Scratch paper and pens will be provided to you upon admittance to the testing room. The SIE Exam consists of 75 questions that cover the following topics: Knowledge of Capital Markets Understanding Products (equity securities, debt instruments, and others) and Their Risks If you need to access an item stored in the test center locker during an unscheduled break, such as food or medicine, you must notify the Test Center Personnel before you retrieve the item. These include the Series 22 Exam for Direct Participation Program Representatives, Series 57 Exam for Securities Traders, Series 79 for Investment Banking Representatives, and Series 82 Exam for Private Securities Offerings Representatives.

All other personal items must be placed in a locker for test security purposes, so please limit what you bring to the Test Center. If you need a calculator for your testing session, please see the Test Center Personnel. Securities Industry Essentials (SIE) Exam Frequently Asked Questions for Businesses. No photocopies or faxes of identification or of name change documentation will be accepted. If you want to schedule exams on different days, you must select each exam individually and complete individual appointment transactions. Unscheduled breaks are permitted; however, the time on your exam will continue to count down. Individuals whose registration as a representative was terminated between October 1, 2014 and September 30, 2018, provided they re-register as a representative within four years from the date of their last registration. There are numerous other advanced exams that those working in the securities industry will need to take and pass, depending on their area of specialization.

The SIE Exam covers the basic information you need to know to begin a career in the securities industry. This entry-level exam is made up of 75 multiple-choice questions, takes 1 hour and 45 minutes to complete, and costs …

Bring one valid, government-issued identification with a signature and picture, such as an unexpired driver’s license, passport or military ID. Please present one form of government-issued, valid identification, bearing both a photograph and a signature. Create an exam plan in seconds and cover every concept on the SIE Exam in bite-sized lessons with Wiley’s 2019 SIE Exam … The Securities Industry Essentials Exam or SIE Exam is the first exam you will take in your path to becoming licensed to sell securities. SIE Exam. The scratch paper and pens must be returned at the end of your exam. Upon return from an unscheduled break, a security check will be performed.