Learn · SIE
Securities Industry Essentials (SIE)
- 75 scored items
- 1 hour 45 minutes
- Passing score: 70
- $100 exam fee
Orientation
Start with the official map
Use the official weighting table as a map, then follow the planned reading order and related live TickerGrove guides. This is a library orientation page, not a course or question bank.
Passing the SIE alone does not register a person with a FINRA member firm. FINRA says a passing result is generally valid for four years.
Official FINRA weighting
75 scored items| Section | Official title | Weight | Scored items |
|---|---|---|---|
| 1 | Knowledge of Capital Markets | 16% | 12 |
| 2 | Understanding Products and Their Risks | 44% | 33 |
| 3 | Understanding Trading, Customer Accounts and Prohibited Activities | 31% | 23 |
| 4 | Overview of the Regulatory Framework | 9% | 7 |
| Total | 100% | 75 |
First lessons
Reading list
1 published lesson · remaining lessons planned
- 01
Planned · Beginner · SIE 1.1.1–1.1.3
SEC, SROs, and market regulators
A map of the SEC, self-regulatory organizations, and other agencies named in the outline.
- 02
Planned · Beginner · SIE 1.1.4
Market participants and their roles
A role-by-role guide to broker-dealers, advisers, issuers, underwriters, custodians, and market utilities.
- 03
Published · Beginner · SIE 1.2
Primary and secondary markets
How primary, secondary, third, and fourth markets differ, with the existing IPO guide as context.
- 04
Planned · Intermediate · SIE 1.4
Offering types and prospectuses
The outline’s public and private offering types, commitments, and offering documents without repeating an IPO definition.
- 05
Planned · Beginner · SIE 2.1.1
Types of equity securities
An outline-mapped distinction among common stock, preferred stock, rights, warrants, and ADRs.
- 06
Planned · Beginner · SIE 2.1.2
Types of debt instruments
A taxonomy of Treasury, agency, corporate, municipal, and money-market debt named in the outline.
- 07
Planned · Intermediate · SIE 2.1.4
Investment companies and NAV
The outline’s investment-company structures, net asset value, loads, and breakpoint vocabulary.
- 08
Planned · Beginner · SIE 3.2.1–3.2.2
Customer account types
The account types and registrations listed in the outline, with leverage explained by the existing guide.
- 09
Planned · Intermediate · SIE 3.3
Insider trading and market manipulation
Definitions for MNPI and the prohibited activities expressly identified by the outline.
- 10
Planned · Intermediate · SIE 4.1–4.2
Form U4 and continuing education
A guide to the registration, reporting, and continuing-education concepts in the final outline section.