FINRA released a content outline for the new Securities Industry Essentials ("SIE") examination.
As previously covered, the SIE is a general knowledge examination that all representative-level applicants will be required to pass (in addition to a specialized, job-specific examination) in order to fulfill FINRA's Continuing Education requirements. Representatives will be required to pass the SIE and job-specific examinations beginning on October 1, 2018. FINRA shared that the content outline will be broken into four parts:
- knowledge of capital markets;
- understanding products and their risks;
- understanding trading, customer accounts and prohibited activities; and
- overview of the regulatory framework.
FINRA also submitted the SIE selection specifications to the SEC on a confidential basis.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
