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The Securities Industry Essentials (SIE) exam tests the basic knowledge of the securities industry. This exam focuses in the structure and functions of the markets, securities products, industry terminology, regulated and prohibited practices, and regulatory agencies and their functions.
What it takes to pass the (SIE) exam?
A person should have a deep understanding of the concepts and basic regulations of the financial service industry. When an individual takes the (SIE) exam, he is tested on the general knowledge of the industry's regulatory framework, capital markets, products and their risks, prohibited activities, customer accounts, and trading. After passing this exam, one needs to take and pass a qualification (series) exam, which permits an individual to work in a specialized areas of a firm, and to sell certain securities. An association with a member firm or a sponsorship is required to take the qualification exam. On passing the (SIE) exam and associating with a member firm, different opportunities may be offered to you by the firm. Some of the different areas you can aim at are, equity of debt trading, compliance, investment banking, research, financial planning, and retirement planning.
What is the benefit of passing the (SIE) exam?
The first important benefit of passing the (SIE) exam is that your chances of passing the qualification exam increases, and it shows that you are serious and dedicated towards a career in securities industry. Employers look at something that makes an applicant stand out from others, when they are choosing from a bunch of applications. Passing this exam also shows that you are dedicated to gain the general knowledge and training you need to start working.
What are the benefits of passing the qualification (Series) Exam?
There are a series of exams, and by passing the series 7 exam, you become a General Securities Representative, who can sell options, direct participation programs, investment company securities, government securities, municipal securities, variable securities, etc. You become an Operations Professional by passing the series 99 exam, and you can facilitate, account transfers, customers on boarding, financial control, receipt and delivery of securities and funds, and many more.
To have a deeper knowledge and understanding about these important exams, and to get the best training materials, e-books, textbooks, video classes, for the best preparation of the exams, check out the best courses here.
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