SIE Ready📝 320 questions · 16 topics · free
Free SIE practice test questions
320 free SIE exam questions in 16 topics, from the four sections of FINRA's content outline down to options, munis and customer accounts, each with the answer and a rationale.
🏛️ Knowledge of Capital Markets · 20 questionsThe first outline section, Knowledge of Capital Markets (16% of the scored items): regulators and market participants, market structure, economic…📦 Understanding Products and Their Risks · 20 questionsThe largest outline section, Understanding Products and Their Risks (44% of the scored items): stocks, bonds, munis, options, packaged products and…🔁 Trading, Customer Accounts and Prohibited Activities · 20 questionsThe outline section on trading, customer accounts and prohibited activities (31% of the scored items): orders, settlement, accounts, compliance and…🪪 Overview of the Regulatory Framework · 20 questionsThe outline section Overview of the Regulatory Framework (9% of the scored items): registration, Forms U4 and U5, continuing education and employee…🎯 Options · 20 questionsOptions: calls and puts, buyer rights and writer obligations, intrinsic value, breakeven, maximum gain and loss, covered calls, protective puts and…🏙️ Municipal securities · 20 questionsMunicipal securities: general obligation vs revenue bonds, municipal notes, tax-equivalent yield, 529 plans and MSRB rules, each with the answer and…💵 Debt securities · 20 questionsBonds: par, coupon and price, current yield and yield to maturity, Treasuries, agencies and mortgage-backed securities, corporate bonds and money…🧾 Equity securities · 20 questionsEquity: common and preferred stock, voting rights, rights and warrants, ADRs and returns on stock, each with the answer and a rationale.🧺 Packaged products · 20 questionsPackaged products: mutual funds, NAV and sales charges, share classes and breakpoints, ETFs and ETNs, variable annuities, REITs, DPPs and hedge…⚠️ Investment risks · 20 questionsInvestment risks: systematic vs unsystematic risk, interest rate, inflation, credit, liquidity, call and currency risk, and how diversification and…👥 Customer accounts · 20 questionsCustomer accounts: opening an account, suitability and Reg BI, joint and custodial accounts, cash vs margin, discretion, IRAs and employer plans,…⚡ Trading and settlement · 20 questionsTrading: order types, long and short positions, T+1 settlement, margin basics, confirmations, dividend dates, splits and other corporate actions,…🚫 Prohibited activities · 20 questionsProhibited activities: market manipulation, insider trading, churning, unauthorized trading, misuse of customer funds and sales practice abuses,…🛡️ AML and compliance · 20 questionsCompliance: anti-money laundering, customer identification, books and records, privacy, communications with the public, telemarketing and…📈 Economic factors · 20 questionsEconomic factors: the Federal Reserve's tools, interest rates and the yield curve, the business cycle, economic indicators and exchange rates, with…🚀 Securities offerings · 20 questionsOfferings: registering a new issue, the cooling-off period, underwriting commitments, exempt securities and transactions, Rule 144 and IPO rules,…
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The real exam has 75 scored questions plus 5 unscored ones in 1 hour 45 minutes, and 70 passes. What is the SIE exam? covers the format, fee, scoring and retakes.
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Free SIE study guide lessons teach the idea behind every question, and the SIE glossary explains 342 terms in one sentence each.