SIE Exam: Securities Industry Essentials Exam Lessons and Information

Fixed Income pt. 3 lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course “Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition”

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

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.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

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.

https://www.finra.org/industry/series7

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.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

This is Fixed Income pt. 2 lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course “Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition”

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

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.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

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.

https://www.finra.org/industry/series7

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.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

This is Fixed Income pt. 1 lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course “Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition” This is the SIE Exam Lesson on Fixed Income pt. 1

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

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.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

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.

https://www.finra.org/industry/series7

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.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

This portion of the Preferred Stock lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course “Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition”

This is the SIE Exam Lesson on Common Stock

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

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.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

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.

https://www.finra.org/industry/series7

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.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

This portion of the Common Stock lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course “Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition”

This is the SIE Exam Lesson on Common Stock

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

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.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

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.

https://www.finra.org/industry/series7

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.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

SIE Exam Lesson 13 Options pt 3

This is a SIE Exam Lesson 13 Options pt 3  options pt.1which is covering options pt. 1 basic option terminology of call and put options See how you do if you need help listen to the lesson over.

Questions covered include

Below are questions based on the previous lesson. Choose the letter of the correct answer.

Quiz Options Part 3

1. It refers to the number of options that are currently trading in the market.

2. The following increases open interest EXCEPT:

3. If you bought an option and you want to sell it, the market price of the option would be ___.

4. Which of the following factors least affect the premium of an option?

C. option time period

5. If you want to short a stock and interest rates are high, you have to pay higher margin interest rates.

6. Utility stocks used to be referred to as ___.

7. Why do utility stocks often have low premium options?

8. It is the measure of a stock’s volatility in relation to the market.

9. Which of the following is NOT true about beta?

10. If you short a stock and the stock pays a dividend, you are required to pay the dividend when that dividend comes do.

SIE Exam Lesson 13 Options pt 3 cont:

11. Compared to call premiums, put premiums are lower on a high dividend stock.

12. Which of the following would yield a low option premium?

13. If you think the stock would go up, which is the best option strategy to take?

C. Write a covered call.

14. Why is it wise to write a covered call when the stock would go down?

15. If you long a call, that gives you the right to buy the stock at a specific strike price.

16. If you short a put, you are obligated to deliver the stock if it is called away from you.

17. A stock is selling at $50. A call option on that stock has a strike price of $70. The premium is $5. What is the breakeven for this option?

18. You wrote a covered call for a stock. The stock price is $30. The stock’s premium is $10 and the strike price is $25. If the stock goes down to $20, which is unlikely to happen?

A. The option holder would exercise his option.

19. You wrote a covered call with a premium of $20 for a stock trading at $100. The strike price was $100. If the stock went up to $150, which is true?

20. You wrote a put with a premium of $5 on a stock selling at $40. The strike price was $40. If the stock went down to $30, what would happen?

ANSWERS

A beta lower than one means a stock moves less than the market in general.

In put options, if you short a stock and the stock pays a dividend, you are required to pay the dividend when that dividend comes do. Thus, put premiums are higher on a high dividend stock because of the carrying costs (of paying dividend) on shorting the stock compared to call premiums which do not have this carrying cost.

The higher the dividend stock, the less volatility the stock has underlined, and therefore, less premium it has.

When the stock goes up and you bought a long call option, you can buy that stock at the amount of the strike price (indicated at the call option) which has become lower than the current price of the stock. You save money by buying a stock at the lower strike price than its current price.

If you short a put (sell a put option), you are obligated to buy the stock from the option holder if that option is exercised. Delivering a stock if it is called away from you is an obligation of a person who short a call.

For a call option:

Breakeven = Strike Price + Premium

75 = 70 + 5

Thus, the breakeven for this option is $75.

The option holder would UNLIKELY exercise his option because the stock would be out of the money and the option would be worthless.

If you wrote a covered call wherein you have the obligation to sell the stock to the option holder at the $100 strike price and the stock goes up to $150, you could buy back the option at the market before it expires so that your stock won’t be called away from you. The other choices are not applicable with the situation.

By writing the put option, you are taking upon yourself the responsibility to buy the stock at the strike price if the stock drops below the exercise price and the option is exercised. Therefore in this case, you would be forced to buy the stock at $40 per share ($30 – $40 = -$10). You received a $5 premium and therefore you would have a loss of $5 per share at the time the option is exercised (-$10 + $5 = -$5).

 We hope you did well on this SIE Exam Lesson 13 Options pt 2

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

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.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

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.

https://www.finra.org/industry/series7

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.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

SIE Exam Lesson 12 Options pt 2

This is a SIE Exam Lesson 12 Options pt 2  options pt.1which is covering options pt. 1 basic option terminology of call and put options See how you do if you need help listen to the lesson over.

Questions covered include

Below are questions based on the previous lesson. Choose the letter of the correct answer.

Quiz Options Part 2

Below are questions based on the previous lesson. Choose the letter of the correct answer.

1. It is the cost of an option.

2. The premium contains the option’s ___.

3. This refers to the number of options that are open for trading in the market.

4. This refers to the number of options that were sold or traded for the given day.

C. open interest

5. It refers to the amount of uncertainty or risk about the size of changes in a security’s value.

6. Parity is when the strike price and the stock are selling at exactly the same price.

7. An option is created by writing covered calls.

8. Writing a covered call ___.

9. If a person wrote an option (such as a covered call) and is now buying back the option, he is opening a position.

10. Person A writes a covered call option and Person B buys that option. Which of the following is true?

SIE Exam Lesson 12 Options pt 2 Cont:

11. This is used in determining the theoretical value of an option.

12. It serves as an insurance to your investment portfolio.

13. An option without intrinsic value always has no time value.

14. A naked put is written by a person who owns the stock.

15. A call option is offered on a stock. If the current price of the stock is $20 and the strike price is $15, what is the intrinsic value of the option?

16. A call option is offered on a stock. If the current price of the stock is $12 and the strike price is $10, what is the premium of the option?

17. A call option is offered on a stock. The current price of the stock is $20 and the strike price is $15. The call option’s premium is $8. What is the time value of the option?

18. An option is selling at $6 per share and the option is for 10 shares. If you bought the option for a bid price of $5.50 per share, how much will you pay for the option for 10 shares?

19. If the stock is currently selling at $30 a share and you write a covered call for $40 a share, there is ___.

20. You bought a married put with a strike price of $15. If the current price of the stock is $20, what is the intrinsic value of the option?

We hope you did well on this SIE Exam Lesson 12 Options pt 2

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

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.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

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.

https://www.finra.org/industry/series7

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.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

This is about one half of the full length of this audio lesson for SIE Exam Lesson 11 Options 1

This Lesson of the Securities Industry Essentials SIE Exam audio course is a Sample Lesson of the new 37 hour and 10 min audio course “Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition”

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

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.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

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.

https://www.finra.org/industry/series7

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.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

SIE Exam Lesson 23 Securities Act of 1933 Quiz

Questions covered include

2. Which of the following is contained in a 10-K? (Select all that apply.)

3. The 10-Q is an audited financial report submitted quarterly to the Securities and Exchange Commission.

4. A ___ is filed if the company changes its name or there’s a 5% or greater change in the number of shares outstanding.

C. 15-B

5. Which of the following is required from the broker-dealers by the Securities Exchange Act of 1934?

6. Under ___, margins are regulated from brokers to their customers.

7. Broker-dealers are allowed to disclose to customers the routing of the customers’ orders.

8. It is a totally anonymous matching of buy and sell orders.

9. Which of the following are/were physical exchanges?

10. Which of the following is true about penny stocks?

11. The broker is not required to assess a penny stock buyer’s financial situation if the buyer is a/an ___.

12. It is trading on nonpublic material information on the company.

13. This is the catchall rule that prohibits anything fraud even if it is not specifically prohibited in the Securities Exchange Act of 1934.

14. For unlawful practices under the Securities Exchange Act of 1934, suits can be brought within ___ of discovery.

15. If a control person owns a position of a stock and he wants to lock in his profit or loss, he can ___.

16. Anybody that has nonpublic material information on the company is considered an insider.

17. In the United Sates, they are exempted from the rules that prohibit insider trading.

18. Insiders can trade on the material nonpublic information once the information has been made public.

19. Only the Securities and Exchange Commission can sue insider traders.

20. The statute of limitation for insider trading is ___.

 We hope you did well on this SIE Exam Lesson 23 Securities Act of 1933 Quiz

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

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.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

—————————

New Series 7 Exam and SIE Exam details.

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.

https://www.finra.org/industry/series7

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.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf

SIE Exam Lesson 24 Securities Exchange Act of 1934 Quiz

Questions covered include

2. Which of the following is contained in a 10-K? (Select all that apply.)

3. The 10-Q is an audited financial report submitted quarterly to the Securities and Exchange Commission.

4. A ___ is filed if the company changes its name or there’s a 5% or greater change in the number of shares outstanding.

5. Which of the following is required from the broker-dealers by the Securities Exchange Act of 1934?

6. Under ___, margins are regulated from brokers to their customers.

7. Broker-dealers are allowed to disclose to customers the routing of the customers’ orders.

8. It is a totally anonymous matching of buy and sell orders.

9. Which of the following are/were physical exchanges?

10. Which of the following is true about penny stocks?

11. The broker is not required to assess a penny stock buyer’s financial situation if the buyer is a/an ___.

12. It is trading on nonpublic material information on the company.

13. This is the catchall rule that prohibits anything fraud even if it is not specifically prohibited in the Securities Exchange Act of 1934.

14. For unlawful practices under the Securities Exchange Act of 1934, suits can be brought within ___ of discovery.

15. If a control person owns a position of a stock and he wants to lock in his profit or loss, he can ___.

16. Anybody that has nonpublic material information on the company is considered an insider.

17. In the United Sates, they are exempted from the rules that prohibit insider trading.

18. Insiders can trade on the material nonpublic information once the information has been made public.

19. Only the Securities and Exchange Commission can sue insider traders.

20. The statute of limitation for insider trading is ___.

 We hope you did well on this SIE Exam Lesson 24 Securities Exchange Act of 1934 Quiz

Total Course 37 hours 10 Min

37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

59 Audio Lessons for Securities Industry Essentials Exam

13 Bonus Lessons about the finance industry

Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam

All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..

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.

The five job functions of the new Series 7 General Securities Representative Exam will be:

“Seeks business for the broker-dealer through customers and potential customers”

“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”

“Opens accounts, transfers assets and maintains appropriate account records”

“Provides customers with information on investments and makes suitable recommendations”

“Obtains and verifies customer’s purchase and sales instructions, enters orders and follows up”

These five functions of the new series 7 exam are the same or substantially similar to ones on the current Series 7 exam. A notable change from the existing Series 7 exam is the addition of evaluating customer “risk tolerance.”

https://www.finra.org/industry/series7

Here is a link to the table of Contents

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New Series 7 Exam and SIE Exam details.

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.

https://www.finra.org/industry/series7

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.

“Securities Industry Essentials (SIE) Exam

https://www.finra.org/sites/default/files/Series_7_Content_Outline.pdf