The course

1
Start here
75 scored questions plus 5 unscored, in 1 hour 45 minutes
Free: A tour of the SIE exam
2
Knowledge of Capital Markets
12 of the 75 scored questions (16%)
Free: Regulators and market participants Markets, offerings and registration The Fed, the business cycle and the economy 20 questions
3
Understanding Products and Their Risks
33 of the 75 scored questions (44%)
Common stock, preferred stock and their rights Bonds: price, yield and who backs them Free: Calls, puts and breakevens Funds, annuities and other packaged products Investment risks and how to reduce them 41 questions
4
Understanding Trading, Customer Accounts and Prohibited Activities
23 of the 75 scored questions (31%)
Orders, settlement, returns and corporate actions Accounts, registrations, retirement and margin AML, privacy, communications and best interest Manipulation, insider trading and other prohibited acts 32 questions
5
Overview of the Regulatory Framework
7 of the 75 scored questions (9%)
Registration, conduct and reportable events 16 questions
6
Test day
No penalty for guessing; five unscored questions are mixed in
Test day: pace, guessing and the rules of the exam