Your proven, go-to roadmap to acing the Securities Industry Essentials (SIE) exam
The Securities Industry Essentials (SIE) Exam is a general knowledge FINRA exam for aspiring securities industry professionals. As of October 1, 2018, this representative-level qualification exam is a corequisite to other representative-level qualification exams, including the Series 6, 7, 22, 57, 79, 82, 86/87, and 99 - as well as a few other FINRA-administered exams.
The Wiley Securities Industry Essentials Exam Review Study Guide 2022 arms you with the knowledge you need to ace the SIE Exam. Designed to let you build and fine-tune your knowledge of all the competencies covered and guarantee that you're prepared mentally and strategically to take the test, the book provides:
- Hundreds of illuminating examples
- Challenging practice questions
- Proven test-taking tips and strategies
- Indispensable hints on how to study for the test, manage test anxiety, and stay focused
The Wiley Securities Industry Essentials Exam Review Study Guide 2022 is your ticket to passing the test with flying colors - on the first try - and taking your first step in a successful new career in the securities industry.
For more information, visit efficientlearning.com/securities.
Table of Contents
Equity and Debt Securities
Introduction to Equity Securities 1
Why Do People Buy Stock? 15
Dividends, Rights, Warrants, And ADRs 25
Introduction to Debt Securities 43
Types of Corporate Bonds 55
Municipal Bonds 69
Government and Government Agency Issues 79
The Money Market 93
Economics, Corporate Fundamentals, Issuing, and Trading Securities
An Introduction to Economics and Corporate Fundamentals 101
Isuing and Offering Corporate Securities 127
The Underwriting Syndicate and Exempt Transactions 141
Issuing Municipal Securities 161
Trading Securities in the Secondary Market 181
The Role of Broker Dealers and NASDAQ 189
Options, Investment Companies, Variable Annuities, and Retirement Plans
Option Basics 209
Using Options to Hedge a Position and Exercising Options 227
Investment Companies and Mutual Funds 243
Mutual Fund Investment Objectives, Valuation, and Sales Charges 253
Variable Annuities 273
Individual and Corporate Retirement Plans 285
Customer Accounts, Client Recommendations, Professional Conduct, and Industry Regulations
Customer Accounts, UGMAs, Accounts for Employees of Broker Dealers, and Customer Privacy 305
Employee Conduct and Reportable Events 331
Customer Recommendations, Professional Conduct, and Taxation 343
Securities Industry Rules and Regulations 359
Registration of Agents and Continuing Education 367
Communications with the Public, Dispute Resolution, Insider Trading, SIPC, and AML 377
Answer Keys 409
