The Financial Industry Regulatory Authority (FINRA®) has restructured the testing for nine of the series qualification exams (Series 6, 7, 22, 57, 79, 82, 86/87, 99) after identifying that they contain common content. This new structure allows an individual to take an industry core exam, called the Securities Industry Essentials (SIE) exam, without being sponsored by an industry member firm. As of October 1, 2018, FINRA started offering this new SIE exam as the first step for a majority of new candidates to the industry. The SIE exam assesses a candidates knowledge of capital markets, products and their risks, trading, customer accounts and prohibited activities, and the regulatory framework.
Kaplan has information with regards to the restructuring of the exam and commonly asked questions about the SIE exam. To begin preparing for the exam, review our study packages.