Securities Industry Essentials (SIE) Practice Exams

This practice exam book with five 75-question exams will help candidates pass the Securities Industry Essentials (SIE) Examination. It features material on each function covered on the SIE exam, including 1) Knowledge of Capital Markets, 2) Understanding Products and Their Risks, 3) Understanding Trading, Customer Accounts and Prohibited Activities; and 4) Overview of the Regulatory Framework in the same proportion as on the actual exam. After each practice exam the answers are shown with explanations. The answers to the math questions have formulas. The answers also show what section of the syllabus the question is from and references. The questions cover all the topics most likely to appear on the exam related to terminology, securities, markets, and regulatory agencies. Examples include the price/yield relationship of fixed income securities, the rights of shareholders, and reporting and filing requirements. The practice exams include questions on rules and regulations related to federal securities laws.

Philip Martin McCaulay has sold over 20,000 study guides in fields such as pensions, investments, finance, real estate, and math, including over 4,000 study guides and practice exam books for the Series 6, Series 7, Series 63, Series 65, and Series 66 exams since he first started writing them in 2008, all of which were top 100 best sellers in the professional test guides category. He is an actuary with a degree in Mathematics from Indiana University. He is a Fellow of the Society of Actuaries (FSA) and an Enrolled Actuary (EA). He has over 40 years of experience as an actuarial consultant on pension funds. His investment experience includes assessing investment vehicles for providing retirement benefits, reviewing Statements of Investment Policy, identifying sources of investment risk, measuring investment performance relevant to given benchmarks, evaluating how cash flow requirements impact setting investment strategy, applying strategies for asset/liability management, estimating long-term rates of return for investment portfolios adjusting for variance drain, and providing advice and analysis to pension plan sponsors regarding the mitigation of investment risks.