Interview with Sahil Lavingia founder of Gumroad

A few weeks ago I was invited to a dinner hosted by Sahil Lavingia founder of Gumroad. Being an early adopter of the Gumroad platform it was fascinating to hear the story directly from Sahil himself. I asked him if I could interview him for my podcasts and he generously agreed.

While this interview has nothing to do with the securities industries essentials examination I hope you find it enjoyable and enlightening.

As I said in the podcast I have just finished producing 74 lessons that now make up the new series 7 study guide audio lessons and I am looking for reviewers who would get a discount to $69.99 from the list price which will be $119.99. If you are interested in being a reviewer write me an e-mail to the e-mail address which is revealed in the podcast.

Below are the links where Sahil reveals quite a bit more information about himself I found them enjoyable perhaps you will as well.

https://medium.com/s/story/reflecting-on-my-failure-to-build-a-billion-dollar-company-b0c31d7db0e7

https://medium.com/@shl/from-bubble-to-bubble-21d86195e178

 

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.

https://www.finra.org/industry/essentials-exam

“Securities Industry Essentials (SIE) Exam

Available Beginning October 1, 2018

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.

Key Features of the Essentials Exam

________________________________________

• 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.

• Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.

• Essentials exam results are valid for four years.

The Essentials Exam at a Glance

________________________________________

Number of Items 75

Format Multiple Choice

Duration 105 minutes

Passing Score 70%

Cost $60”

Outline of SIE Exam:

https://www.finra.org/sites/default/files/SIE%20Outline-01.12.18.pdf

New Series 7 Exam

“On or After October 1, 2018

The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam,