SIE, Series 6, Series 63 UPDATED ACTUAL
Exam Questions and CORRECT Answers
SIE - Securities Industry Essentials - CORRECT ANSWER - a FINRA exam for
prospective securities industry professionals; an introductory-level exam that assesses a
candidate's knowledge of basic securities industry information including concepts fundamental
to working in the industry
Taught by SIE - CORRECT ANSWER - types of products and their risks; the structure of
the securities industry markets; regulatory agencies and their functions; prohibited practices
The SIE - CORRECT ANSWER - is open to anyone aged 18 or older, including students
and prospective candidates interested in demonstrating basic industry knowledge to prospective
employers
Passing the SIE alone - CORRECT ANSWER - does not qualify an individual for
registration with a FINRA member firm or to engage in securities business
SIE - an individual must pass - CORRECT ANSWER - it 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
SIE Outline - CORRECT ANSWER - knowledge of capital markets; understanding
products and their risks; understanding trading, customer accounts and prohibited activities;
overview of regulatory framework
The Series 6 exam - CORRECT ANSWER - the investment company and variable
contracts products representative qualification examination (IR): assesses the competency of an
entry-level representative to perform their job as an investment company and variable contracts
products representative
Exam Questions and CORRECT Answers
SIE - Securities Industry Essentials - CORRECT ANSWER - a FINRA exam for
prospective securities industry professionals; an introductory-level exam that assesses a
candidate's knowledge of basic securities industry information including concepts fundamental
to working in the industry
Taught by SIE - CORRECT ANSWER - types of products and their risks; the structure of
the securities industry markets; regulatory agencies and their functions; prohibited practices
The SIE - CORRECT ANSWER - is open to anyone aged 18 or older, including students
and prospective candidates interested in demonstrating basic industry knowledge to prospective
employers
Passing the SIE alone - CORRECT ANSWER - does not qualify an individual for
registration with a FINRA member firm or to engage in securities business
SIE - an individual must pass - CORRECT ANSWER - it 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
SIE Outline - CORRECT ANSWER - knowledge of capital markets; understanding
products and their risks; understanding trading, customer accounts and prohibited activities;
overview of regulatory framework
The Series 6 exam - CORRECT ANSWER - the investment company and variable
contracts products representative qualification examination (IR): assesses the competency of an
entry-level representative to perform their job as an investment company and variable contracts
products representative
