Summary: <a href="http://www.siepodcast.com/5-free-sie-exam-lessons/" target="_blank" rel="noopener">Try 5 free SIE Exam Audio Lessons and see if our teaching style is right for you!</a><br> Securities Industry Essentials SIE Exam Sample Lesson 3<br> This is the third of 5 sample lessons we will share with you for the new 36 hour and 35 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam"<br> <br> This is the SIE Exam Lesson on Preferred Stock<br> <br> 36 hours 53 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam<br> <br> 58 Audio Lessons for Securities Industry Essentials Exam<br> <br> 13 Bonus Lessons about the finance industry<br> <br> Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam<br> <br> <br> <br> New Series 7 Exam and SIE Exam details.<br> <br> FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions.<br> <br> <a href="https://www.finra.org/industry/series7" target="_blank" rel="noopener">https://www.finra.org/industry/series7</a><br> <br> However there is now a prerequisite before taking the new Series 7 Exam all candidates now must have passed the SIE exam (securities industry essentials exam). In addition thing a series 7 candidate must also have an industry sponsor in order to take the examination.<br> https://www.finra.org/industry/essentials-exam<br> <br> “Securities Industry Essentials (SIE) Exam<br> Available Beginning October 1, 2018<br> The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices.<br> Key Features of the Essentials Exam<br> ________________________________________<br> • The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers.<br> • Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.<br> • Essentials exam results are valid for four years.<br> The Essentials Exam at a Glance<br> ________________________________________<br> Number of Items 75<br> Format Multiple Choice<br> Duration 105 minutes<br> Passing Score 70%<br> Cost $60”<br> Outline of SIE Exam:<br> <a href="https://www.finra.org/sites/default/files/SIE%20Outline-01.12.18.pdf" target="_blank" rel="noopener">https://www.finra.org/sites/default/files/SIE%20Outline-01.12.18.pdf</a><br> New Series 7 Exam<br> “On or After October 1, 2018<br> The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.<br> Major Job Functions Percentage of Test Questions Number of Test Questions<br> (F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9<br> (F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11<br> (F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91...
