75 SIE Exam Questions - SIE Final Exam: Learn The Topics You Need To Know To Pass Your Exam!

[@Headhopping]

Couldn't have done it without you! Career changer trying to make up for my lack of experience in the industry - long story short, I crammed for 11 days and tested this morning. It wasn't just the content you covered, but the test taking thought process you cultivated that got the "PASS" :D Thank you Suzy!

[@PassMasters]

CONGRATULATIONS! I am so proud of you. Be sure to celebrate. 🥳Happy to have been able to help 😀

[@nthomas1050]

@karenswartz2600 Can you give some advice on how you crammed? I've been studying for about a month. Going through the chapters again and trying to figure out what to do for the last 12 days to maximize my study time. Thanks!

[@bannastylestudio7293]

Thank you I am going to do soon sduty study study pass

[@JasmineWiggins-d4v]

I found this channel at 9pm on the night before my test. I had been studying for 2+ weeks but these videos really put it in perspective and made everything make sense. I went through all the SIE videos and PASSED my exam this morning at 8:30am. Thank you so much for doing this.

[@PassMasters]

Congratulations! So proud of you. Grateful I was able to help you on your journey. 😀

[@nothingleftbehind3286]

Did the exam have a lot of the questions she’s goin over on here ???

[@paulf1821]

Just passed today. Some of your test questions were almost word for word on my actual exam.

[@PassMasters]

Congratulations! So happy to hear your good news 😀

[@cristhianbaronbmx]

what study guide did you use to pass?

[@M_Bregs8]

I found this video last night, and after failing my previous attempt my 2%…I can happily say I passed and this video FOR SURE helped me! Your problem solving and step by step for the answers helped tremendously! Thank you!

[@PassMasters]

I am so glad that I played a small role in your success today! I wish you all the best! Congrats 😀

[@vindex7309]

You failed by 2% too? I was so bummed when I got that result. Been studying for a month and there were concepts on the exam I just didn’t cover in the materials I had. Even now with new material, I’m finding more things not covered in any of the others. It’s actually ridiculous how much is crammed into this one exam.

[@PassMasters]

You got this!@@vindex7309 It is a very broad exam that is for sure. Keep up the good work! 😀

[@M_Bregs8]

@@vindex7309 Yes 2%! I was extremely disappointed! But I stuck with it, I used STC’s program, and studied like crazy until I was eligible again! I think its luck of the draw when it comes to the exam! The exam I just took and passed talked a lot about risk and mutual funds and the first one was options and regulations! Brush up on your weaknesses and stay confident! You got this!

[@ngupta1217]

HI, I have my test tomorrow, any important topics that were there I should work on. super stress right now

[@antinosocial]

See this is why it’s important to read and understand the question. Thank you so much.

[@anthonypuccio7868]

Thanks for all your help. I passed the SIE today.

[@PassMasters]

Woooo hoooo! Great job. So happy to help. 😀

[@anthonypuccio7868]

@@PassMasters series 7 and then the 63. I'm coming back into the industry after 10 years plus in real estate. I will be purchasing your course.

[@Daniel-rr2jm]

Saturday is the day I take it! Needed this! 🎉 let’s make it happen everyone!

[@PassMasters]

Yes, you got this! I will be sending all good thoughts your way Saturday! 😀Thanks for watching

[@Daniel-rr2jm]

@@PassMasters and we PASSED! 🙏

[@PassMasters]

@@Daniel-rr2jm WHOOOOO HOOOO! Great job! Be sure to celebrate tonight. Wish you all the best. 😀

[@tvashi]

You are awesome. Your explanation is fantastic. Please keep up the good work.

[@PassMasters]

So glad you found this helpful. Thanks for watching 😀

[@TheSpyWhoCriedMedic]

Hi Suzy! Just passed my SIE after binging your videos. Thanks for the help!

[@PassMasters]

WOOOO HOOOO! Great job 😀So glad to help you on your journey. Congrats!

[@diegoj.alvaradoroy3762]

Gathering all the information, need to take the SIE very soon. Hope this helps. Thank you.

[@PassMasters]

Thanks for watching, you got this!

[@trebarnes4163]

You are a god send. I used SIE for dummies to study and 9:05 I’m taking my SIE in 2 days but I may buy your course just to send you money for how valuable these have been. Thank you x100

[@PassMasters]

You are so welcome! So glad to help. Sending all good thoughts your way for the exam. YOU GOT THIS! 😀

[@HeartxOfficial]

Taking my SIE exam on Nov 21st right before Thanksgiving. I’m nervous . Getting majority of questions in this video right has been reassuring for me . Using STC. Will update “When” I pass 1st attempt hopefully 🙏🏾

[@PassMasters]

Sending you good luck on that day, you got this!

[@ShortsSoup]

howd it go? i take mine the 20th of december

[@mashahben3659]

I watch this video over 20 times now And still watching others on this channel I’m literally GLUED to these videos not sure if I’m doing it correctly but I feel more confident then the actual Kaplan course provided by my firm I just wanna pass all my test ASAP SIE , Series 7, and 65

[@PassMasters]

Thank you so much for your kind comments. I truly am blessed to have a job where I can help students master these concepts. I do what I do for students like you. Keep doing what you are doing! SIE is the foundation course/exam. 7 will build on that. Then remember with 65, since it is written by NASAA instead of FINRA it will have much different vibe (much more lawyerly - not as clear). YOU GOT THIS! 😀

[@mashahben3659]

@@PassMasters the most helpful contents I’ve seen are yours and honestly you’d be blessed beyond measure if you can do anything full test video 🤣

[@anthonyjaramillo370]

Thank you for posting this very helpful video! Regarding Q 15 about options though, based on the wording shouldn't the answer be B? The investor selling the call has an obligation to buy shares, but he has SOLD the right to buy shares to the purchaser of the call. Taking the exam in a few days and I get tripped up by question wording more than anything else.

[@PassMasters]

So happy to help! You are right, the words can be tricky. The answer is A :) So, go back to that question. You have some key words, the seller of an option has made a promise to do something. Sold an obligation that they can't get out of. The buyer of the option has the right, the power, to do something. When you buy a call, you have the right to buy shares for less than their market price. When you buy a put, you have the right to sell shares for more than their market price. Now, the seller of the call has made a promise to sell shares (for less than the market price), they have sold an obligation to sell. The seller of a put has sold a promise to buy shares for more than they are worth. Remember, the seller of options want NOTHING to happen, they want to collect the premium and have the option expire out of the money. However, if it is in the money, they have sold a promise to sell (call) or promise to buy (put). Options can be tricky, but are not HUGE on the SIE. I do have an entire playlist dedicated to options: kzbin.info/aero/PLwJTm2ZT1L2WI5fMBKM3uXEv4lXpHpWAL Keep up the good work! Thanks for watching 😀

[@zacharyzwald4809]

Agreed, it should be B based on the wording. The buyer of the call didn’t have the right to buy until it was sold to them, much like someone doesn’t have a box of pasta until the supermarket sells it to them. The obligation to sell is secondary to the right to buy. They don’t SELL the obligation, they HAVE the obligation. Poor wording doesn’t mean we don’t understand the premise, it just means the test is flawed.

[@PassMasters]

@@zacharyzwald4809 I see your point. the test does love this concept. When selling options you have sold a promise to do something, whereas the buyer of an option has purchased the right to do something. The power always lies with the party who paid the premium, whereas the obligation (the promise) lies with the party that received the premium. 😀Keep up the good work!

[@draconianmethods479]

Thank you so much for this

[@PassMasters]

You’re so welcome! Thanks for watching!

[@perelijnii]

This was VERY helpful and super informative! ty so much! need help understanding something though... i am getting ready for sie using Knopman Marks book, and after watching this exam prep , i am realizing that some questions are NOt even covered in the Knopman book... like for example questions about PFOF, trust during maker's life, HSA and so on... Now i am scared that one the actual exam i will encounter some questions that are not even in the book ... :(

[@PassMasters]

Thank you so much for watching! So glad that you found it helpful.😀

[@mhenderson3407]

Thank you! Very helpful!

[@PassMasters]

Thank you for watching 😀

[@lsworldtraveler590]

Thank you - this is so helpful. I wish you well

[@PassMasters]

So happy to help! Thanks for watching 😀Best to you!

[@BimobaCF]

I just started working with Morgan Stanley and I have to pass the SIE, series 7 ,series 66 I’m scared out of my mind because I never worked anywhere but the Medica field. Is this the same questions I will see in the test or will it be different?

[@PassMasters]

First, congrats to you! Change can be hard, but also very rewarding. As far as the question of are the the actual questions, no, that would never be allowed. But we write our questions based on years of experience in this industry using the FINRA content outline as our guide. So this exam has the the 75 CONCEPTS you can expect to see on the actual exam, properly weighted to reflect the emphasis of the actual exam. We have trained thousands of people just like you over the years! Suzy is here to help! Keep up the good work.

[@yahairadiaz6517]

Same here. But for Charles schwab and I have to pass the SIE, Series 7 and 63 as well. I have worked with medical sales alone and this is super scary 😢

[@PassMasters]

@@yahairadiaz6517 We are here to help along the way! You got this!

[@PassMasters]

We are here to help! YOU GOT THIS!@@yahairadiaz6517

[@audilover1295]

Hi Suzy, Thank you but i hope i can get 100% like you did.

[@PassMasters]

When you PASS assume you got 100! (they don't give you a score, just a PASS) 😀

[@bilbil7224]

Test on Saturday, really nervous. Don’t know if I’ve studied enough.

[@PassMasters]

Keep on studying! YOU GOT THIS! I will be sending all good thoughts your way Saturday. Remember to breathe 😀

[@YvesPlace]

Question number 3 is 2 quarters, 6 months

[@PassMasters]

Question number 3 is correct as it stands. Great question! So be careful here. This question is asking about a depression. There are two definitions you must know, recession and depression. A recession (contraction) is two consecutive quarters of declines in GDP, which is what you mention. A depression is six consecutive quarters of decline in GDP. Keep up the good work. Thanks for watching 😀

[@Jacqueline-77]

I really appreciate your time and video, is there more videos i need to watch or only this one?

[@PassMasters]

So happy to help! Here is the whole SIE playlist for you: kzbin.info/aero/PLwJTm2ZT1L2UKUwzcMG3KE0qTIeAcra0W&si=muzLQyZMdEIOgaWx Thanks for watching 😀

[@Jacqueline-77]

@@PassMasters thanks so much!!

[@AmberBonBon]

Test tomorrow!! Wish me luck😳🤞🏼🤞🏼

[@PassMasters]

Sending all goog thoughts to you! YOU GOT THIS! 😀

[@AmberBonBon]

@@PassMasters I PASSED! Your videos helped so much thank you!!!!

[@PassMasters]

Congrats!@@AmberBonBon That is wonderful news. So proud of you. Be sure to celebrate!🥳

[@Oriehmedia]

Very helpful! Thank you!

[@PassMasters]

Thank you for watching! Happy to help 😀

[@Riz019]

How is question 51- an index portfolio considered a hedge against market risk. My logic isn’t wouldn’t an international stock hedge against national stock market performance

[@PassMasters]

Great question. For the test we can only go with what is given in the question. Granted, it's not my favorite question either and I see what you are thinking. I agree that if there was something in the question about DOMESTIC market risk, and how to reduce that, I would agree with your choice for sure. But at the test we have to be careful to just go with what is given in the question. So market risk is systematic. You can't reduce it my diversification. Let me ask you this. If you are long a stock, can you use options to hedge your risk? YES, best would be to buy a put to hedge your downside risk. That's where this question is going. Index options can be used a hedge against market risk. Just like for an individual stock, you can buy puts on an index in the case the market goes down. Thanks for watching. Keep up the good work! 😀

[@tonyaberman3669]

She is also a narrator for ExamFX.

[@PassMasters]

I have been involved in the securities training industry for my whole life. It is my passion. 💗

[@hussain7161]

Thank you! just passed yesterday!

[@PassMasters]

Wooo hoooo! That's great news. Congratulations. So proud of you! 😀

[@hallemi3]

On #10, is the order adjusted on the declaration date or only if it's still open on the effective date?

[@PassMasters]

If the order is open on the effective date it will be adjusted. It wouldn't make sense to adjust it before the split has happened. Generally, not a detail tested, but a great question! Thanks for watching. 😀

[@mil450]

Didn’t they change the definition of recession to 3 quarters? Or is that change still not reflected on the tests?

[@PassMasters]

I would use 2 consecutive quarters of decline in GDP as a recession and 6 as a depression for the exam. 😀

[@larrybutler8524]

I've been studying for the last 2 weeks with STC and I don't see some of the questions that you went over in your video. A little nervous right now because I have my exam next Wednesday and I'm crunching away with memory like crazy.

[@PassMasters]

Keep up the good work! YOU GOT THIS! 😀

[@antinosocial]

I have a question regarding question 3. All my study material says 2 consecutive quarters so I'm trying to ensure I am not missing anything or if the rules has changed recently?

[@PassMasters]

Be careful with depression and recession. The recession is defined as at least 2 consecutive quarters, but this was a depression question, so at least six! Keep up the good work! Thanks for watching.😀

[@tigerbam6179]

How close is in comparison is the actual test?

[@PassMasters]

I always recommend taking the SIE Practice Exam from the FINRA website as well. This practice exam covers the topics you can expect on the test. Be prepared for some wordy questions, you are a detective, looking for what are they asking! YOU GOT THIS! 😀

[@sistar334]

I have a test coming up in December, and I have seen several different test questions and answers. I am confused now about what to expect.😢

[@PassMasters]

Just keep on practicing, and know if you have anything specific you are confused about, you can ask me! Keep up the good work, thanks for watching 😀

[@sistar334]

@PassMasters Will do! I will keep you posted 📫 thanks again 🤗

[@AmberBonBon]

Anyone know if the current sie including CE new law of annual or the old? I assume old since it recently got passed.

[@PassMasters]

I would say new, with the requirement being annually! 😀

[@Jay-co6rs]

Yes, annually before Dec 31

[@RicardoMullins-b5z]

Thnx for educate me!

[@PassMasters]

Thank you for watching 😀

[@SA-Aries]

I really want job or internship in USA I am trying to do these certifications at earliest. But I am not sure that will companies sponsor visa for me as I am F1 student. I really want job or internship in the field of stock market.

[@PassMasters]

Gosh, I wish I could say for sure, but it is not my area of expertise. I do have lots of international students take the SIE! 😀

[@brunospadafora9031]

Do any questions that are really similar to theses show up on the exam? Or are these just a personalized version of questions

[@brunospadafora9031]

I guess a better way of stating this is that these questions seem a bit simple to me but i am worried about taking my exam on wednesday and the questions being way more difficult

[@PassMasters]

@@brunospadafora9031 So for the test you should expect the questions to be similar to these, but some will be wordier for sure. So be prepared. I also highly suggest taking FINRA's online SIE practice exam for exposure to their questions as well. YOU GOT THIS! 😀www.finra.org/registration-exams-ce/qualification-exams/securities-industry-essentials-exam/practice-test

[@brunospadafora9031]

@@PassMasters THANKS!! I took the Finra exam, I wish they had different questions instead of repeating them. I got a 74% so I just am going to keep watching your videos, they help so much!

[@PassMasters]

@@brunospadafora9031 Sending you all good thoughts! YOU GOT THIS!

[@esmeraldadiaz8619]

Are the questions the same if you fail the test?

[@PassMasters]

Every time you take the exam you will have a new set of questions. The concepts stay the same, but the exam is created from a large databank of questions each time. Thanks for watching 😀

[@esmeraldadiaz8619]

@@PassMastersthank you!

[@citrinehills7131]

Do you have this for the Series 7, 66, 63 and 65? Can I sign up for the exam without signing up for any prep course?

[@PassMasters]

This was the first full final exam we have made. We will eventually conquer them all, but it will take a while. You can take any securities exam without going to school, there is no pre-licensing education required. You SHOULD take a prep course though, so you know what the concept are for the exam. You can not take the series 6 or series 7 without a sponsor broker/dealer. The rest of the exams you can take without a sponsoring firm, so long as you are age 18. Thanks for watching! 😁

[@AdamPovis]

My testing center just emailed me that I can not take my exam because they wont have water. I had to reschedule today. I was supposed to take it Saturday 12/16/2023. 1 more week of studying I guess hahaha.

[@PassMasters]

Oh my goodness! Sending all good study vibes your way. 😀

[@AdamPovis]

@@PassMasters thank you! I am ready to get this done and move on to the 7.

[@jiaxuanchen7958]

Hi suzy, I am just curious why the representatives can lend money to uncle since the uncle should not be in the range of the immediate family member, right?

[@PassMasters]

That's a great question! It's FINRA Rule 3240 that this question is referencing. The definition of immediate family under this rule is quite broad. Here it is: The term "immediate family" means parents, grandparents, mother-in-law or father-in-law, husband or wife, brother or sister, brother-in-law or sister-in-law, son-in law or daughter-in-law, children, grandchildren, cousin, aunt or uncle, or niece or nephew, and any other person whom the registered person supports, directly or indirectly, to a material extent. - Keep up the good work! Thanks for watching!😀

[@jiaxuanchen7958]

@@PassMasters First Thank you for making such a comprehensive review video and thanks for the prompt reply. I guess I am caught up on restrictions on the IPO purchase for industry restricted person (by FINRA rule 5130). The definition there said that the immediate families were one up one down one over rule (parents, in-laws, siblings, children). so no uncle grandparents restriction. Can you confirm for me that for the purposes of IPO restriction, the immediate family has a tighter scope than money borrowing? One other thing on borrowing, can you explain a little bit on business relationship and personal relationship outside client-advisor relationship. Those are also allowable situation right? The reason why I bought it up because in the question, there is a choice saying the client with 5 year relationship with the advisor... Not sure if that counts towards business relationship.

[@PassMasters]

@@jiaxuanchen7958 You are right, the definition for the IPO restriction is a smaller circle for immediate family: ""Immediate family member" means a person's parents, mother-in-law or father-in-law, spouse, brother or sister, brother-in-law or sister-in-law, son-in-law or daughter-in-law, and children, and any other individual to whom the person provides material support."

[@PassMasters]

As far as the business relationship, this is what the rule says "the lending arrangement is based on a business relationship outside of the broker-customer relationship" 😀Great questions, keep up the good work!

[@jiaxuanchen7958]

@@PassMasters Thanks for the prompt reply! Can I also assume this narrower cycle applies to proportionate account sharing scenarios?

[@kushalavaiya295]

I think question 37 looks wrong , the correct answer should be ex dividend date.

[@PassMasters]

The ex-dividend date is the date that the stock trades withOUT the dividend attached, in a regular way transaction. Historically, prior to May 28, 2024 this was the business day prior to the record date because regular way was T + 2. Now, with the shortened regular way rule it is true that the stock goes ex-dividend on the record date. However in order to receive the dividend you must own the stock by the record date is correct. Let's say record date is 6/26/24, if you buy the stock in a cash transaction (cash settles same day) you could buy the stock on 6/26/24. However, if it was a regular way transaction you would have to place the trade by the business day prior to the record date, you would then have to pay by the record date. So long as your name is on the books and records by the record date you receive the dividend. If you place the trade on 6/26/24, the record date AND ex-dividend date, you will NOT receive the dividend because in a regular way transaction you do not have to pay until the next business day, just missing the record date. Keep up the good work. That was a great question. 😀

[@madsick123]

October 10th I will let you know if i passed.

[@PassMasters]

Awesome! We will be sending all our thoughts your way! YOU GOT THIS! 😀

[@bumblebee1554]

Oh I wish I would have got these questions on my SIE exam I did great on these but 65% on my exam ugh 😣

[@bannastylestudio7293]

Thank you Study study study =>pass I am going to pass soon

[@PassMasters]

Yes! YOU GOT THIS! Thanks for watching.😀

[@huntersingleton5008]

I take my exam on Thursday so this video is perfect timing lol

[@PassMasters]

Awesome! Good luck, you've got this!

[@huntersingleton5008]

@@PassMasters update, I passed!

[@PassMasters]

​@@huntersingleton5008 CONGRATULATIONS! So proud. Thanks for letting us know 😀

[@RealMikeMiller13]

I AM LOSING MY MIND SO MUCH UNNECCESSARY BS IN THIS EXAM I AM JUST GOING TO BE SELLING ANNUITIES WHY TF DO I NEED TO KNOW ALL OF THIS BS I'VE BEEN STUDYING FOR ALMOST A YEAR AND CANT EFFIN PASS

[@PassMasters]

The SIE is a very broad exam. It requires you to know a lot, and you are right, not everything is used in the real world. Hang in there. Let me know how we can help!😀I do cover all the details in the PassMasters course.

[@tonyaberman3669]

Never study opportunity risk. Not I. any SIE study materials

[@PassMasters]

If you happen to see if on your exam, you will know now. Thanks for watching! 😀

[@LeviathanSparrow]

Am I being too pedantic or just not understanding clearly when an investor sells a call... "When selling a call the investor has sold..." "The obligation to sell" is the answer, but didn't the investor sell the right to buy? The investor him/herself has the obligation to sell, but that's not what he/she sold, is it? What he/she sold is the right to buy, isn't it?

[@PassMasters]

I see where you are going, but I would be careful and just think of it like this :) With options the POWER, the RIGHT to do something ALWAYS lives with the owner, the holder, the person who is LONG the option. The seller of an option has sold a PROMISE, an OBLIGATION to do something...always. Now just because the seller of an option has sold a promise doesn't mean they will be forced to do it, only if the option is in the money will they have to SELL SHARES in the case of the sale of a call or BUY SHARES in the case of a put. The seller of an option is always hoping the option stays OUT OF THE MONEY thus the option can't be exercised and the seller collected the premium and has done nothing. Try hard to keep these facts straight: the buyer of a call has paid a premium for the right to buy (call away) shares for less than the market price (for the strike price). The seller of the call has sold an obligation to sell shares for less than their market price. The seller of call has sold a promise to what? TO SELL SHARES! Similarly, the buyer of put has paid a premium for the right (the power) to sell shares for more than they are worth, thus the seller of the put has sold an obligation (a promise) to BUY shares for more than they are worth. Keep working through the options playlist, it will help! 😀

[@LeviathanSparrow]

@@PassMasters Thanks! I appreciate it. I guess I'm just looking at it from the wrong perspective.

[@tonyaberman3669]

The SIE is crap. Way too much information to cram. People go to college to learn all of that information then work on Wall Street. It’s too much information for the average person to cram into an online course.

[@PassMasters]

I have actually had students in my programs tell me they learned more in my class than they did in their entire college level business degree program. I do hear what you are saying. However, it can be done. In my career I have helped thousands enter this industry. We are here to help! 😀Thanks for watching!

[@dinogerc318]

Extra way to earn money

[@dinogerc318]

I just missed 12 questions from what she showed

[@PassMasters]

Yes!@@dinogerc318 Thanks for watching.

[@PassMasters]

That's a great score.😀@@dinogerc318