Securities Industry Essentials (SIE) Exam

Available Beginning October 1st, 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 and concepts fundamental to working in the industry. Such concepts include: 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 Exams

Registration with a FINRA Member Firm

Passing the Essentials exam alone does not qualify an individual for registration with FINRA or to engage in securities business. In order to become registered to engage in securities business, an individual must pass the Essentials exam and a qualification exam appropriate for the type of business the individual will engage in. The individual must be associated with a member firm to take a qualification exam. The member firm then sponsors the individual to take an exam, such as the General Securities Representative (Series 7) exam. In addition, the individual must file a Uniform Application for Securities Industry Registration or Transfer (U4), submit fingerprints and be approved for registration by FINRA. The following webpages provide additional information on FINRA's qualification and registration requirements, including eligibility requirements:

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