Securities Industry Essentials Exam

What is the Securities Industry Essentials Exam?
You may have recently heard about FINRA’s proposed Securities Industry Essentials Examination (SIE). The SIE Exam will allow candidates to sit for a core qualification exam without sponsorship from a FINRA member firm, as is required today. After passing the SIE, a candidate must be sponsored by a FINRA member firm to sit for a specialty top-off examination (Series 6 or Series 7). Once the top-off exam is passed, the candidate is eligible to register as a new representative with the member firm.

When will the SIE Exam be available?

The SIE Exam will not be introduced prior to 2018. You are still required to be sponsored by a broker/dealer to sit for the Series 6 or Series 7. FIRE is monitoring updates closely and will have a prep course available well ahead of the SIE implementation. Additional information available on FINRA at: https://www.finra.org/industry/essentials-exam.

Information

Please see the following FINRA resources regarding the SIE and Qualification Exam Restructuring:

October 2017 FINRA Regulatory Notice 17-30: https://www.finra.org/industry/notices/17-30

October 2017 FINRA Fall Conference Update: https://www.finra.org/industry/essentials-exam

March 2017 FINRA Proposes Streamlining Competency Exams: http://www.finra.org/newsroom/2017/finra-proposes-streamlining-competency-exams

May 2016 FINRA Annual Conference Update: http://www.finra.org/sites/default/files/2016_AC_Qual_Exam.pdf

March 2016 ARM Conference Page 78: http://www.finra.org/sites/default/files/2016-arm-educational-conference.pdf

May 2015 FINRA Regulatory Notice: http://www.finra.org/industry/notices/15-20

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