The FINRA Securities Industry Essentials (SIE) exam is a foundational requirement for those aspiring to work in the regulated securities industry. Passing this exam is a prerequisite for taking further FINRA licensing exams, such as the General Securities Representative (Series 7) exam and others. Even individuals not pursuing a licensed position but interested in a career in finance will find that completing the SIE exam demonstrates valuable industry knowledge to potential employers.

The most effective strategy for success is practice, practice, and more practice. Each set of practice questions mimics the format, topics, and timing of the official exam, helping you build familiarity and confidence. You will receive immediate results after completing each practice test, with detailed explanations of the answers and the option to retake the test until you achieve complete accuracy.

The official exam consists of 75 multiple-choice questions, requires a passing score of 70% or higher, and must be completed within 1 hour and 45 minutes. However, this practice series includes 525 questions, providing extensive preparation to ensure mastery of the material.

Please note that these practice questions are not actual questions from the official SIE exam. While they are designed to be similar in structure and content, the material here has not been reviewed, approved, or endorsed by FINRA, and no affiliation with FINRA is claimed or implied.


Featured Reviews

Billy M.

Rating:  5

SIE exam practice tests effectively simulate the exam, covering key topics like securities and regulations. I am getting an idea of why some answers are right and others are wrong. While some questions may be more difficult than the exam, these tests offer valuable preparation and boost confidence for test day.

Gloria P.

Rating:  5

The practice questions were really clear compared to the actual exam. I appreciated each explanation provided with each answer—they helped me understand much better.

You will get Sven high-quality practice exams to be ready for your certification


SAMPLE QUESTION:

Q. If XYZ declares a 1-for-4 reverse stock split, how many shares will an investor who had initially held 200 shares of XYZ stock priced at $ 10 each be left with, and what will be the new price per share?

800 shares at $40 per share

200 shares at $2.50 per share

50 shares at $10 per share

Answer: 50 shares at $40 per share

Explanation

A 1-for-4 reverse split cuts the number of shares in half, while the price of a share increases fourfold. The investor will have ownership of 50 shares with a value of $40 each.

Q2. A person employed by a brokerage firm who neither handles client transactions nor provides any service in the form of financial advice would be classified as:

A compliance officer

A non-registered person

A registered person

A licensed advisor

Answer: A non-registered person

Explanation:  In the securities industry, individuals who handle client transactions or provide investment advice are required to be registered with FINRA (or a relevant regulatory body) and hold the appropriate licenses.

A person who does not handle client transactions or provide financial advice does not need to be registered. Therefore, they would be considered a non-registered person.

While a compliance officer does not typically provide direct financial advice, they are a registered person and would need to hold a relevant securities license.

The key point is that individuals who perform purely clerical, administrative, or back-office functions that are unrelated to client transactions or investment recommendations, do not need to hold a securities registration, classifying them as a non-registered person.

Welcome to the best practice exams to help you prepare for your FINRA Securities Industry Essentials (SIE) exam.

• You can retake the exams as many times as you want

• This is a huge original question bank

• You get support from instructors if you have questions

• Each question has a detailed explanation

• Mobile-compatible with the Udemy app

• 30-day money-back guarantee if you're not satisfied

We hope that by now you're convinced!

Happy learning and best of luck with the FINRA Securities Industry Essentials (SIE) exam!