FINRA Publishes Content Outline for Securities Industry Essentials Exam
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:
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knowledge of capital markets;
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understanding products and their risks;
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understanding trading, customer accounts and prohibited activities; and
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overview of the regulatory framework.
FINRA also submitted the SIE selection specifications to the SEC on a confidential basis.