Meeting purpose
To provide training and review key concepts for the SIE exam
Key Takeaways
- Reviewed mutual funds, options, margin accounts, and other key topics
Practiced sample exam questions and discussed correct answers/reasoningInstructor will hold an additional 1-hour Q&A session on Sunday or Monday eveningParticipants should focus on additional reading and knowledge building in the final week before the examTopics
Mutual Funds
- Reviewed A, B, and C share classes and their fee structures
Discussed breakpoints, rights of accumulation, and letter of intentCovered NAV calculation, forward pricing, and prospectus requirementsOptions
- Reviewed call and put options, including max gain/loss scenarios
Practiced calculating breakeven points for various option strategiesDiscussed index options and cash settlementMargin Accounts
- Reviewed Regulation T 50% initial margin requirement
Discussed maintenance margin requirements (25% for long positions, 30% for short)Covered minimum equity requirement of $2,000Order Types
- Reviewed market orders, limit orders, stop orders, and stop limit orders
Practiced identifying appropriate order types for different scenarios