Securities Industry Essentials Exam

Available Beginning October 1, 2018

The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. 

Key Features of the Essentials Exam

  • The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers.
  • Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.
  • Essentials exam results are valid for four years.

The Essentials Exam at a Glance

  • Number of Items: 75
  • Format: Multiple Choice
  • Duration: 105 minutes
  • Passing Score: TBD
  • Cost: TBD

Content Outline — Coming Soon

Registration with a FINRA Member Firm

Passing the Essentials exam alone does not qualify an individual for registration with FINRA or to engage in securities business. In order to become registered to engage in securities business, an individual must pass the Essentials exam and a qualification exam appropriate for the type of business the individual will engage in. The individual must be associated with a member firm to take a qualification exam. The member firm then sponsors the individual to take an exam, such as the General Securities Representative (Series 7) exam. In addition to the individual passing exams, the member firm must satisfy other requirements, such as conducting a background check, before the individual is permitted to engage in securities business.

Learn more about FINRA’s qualification exams.

FINRA will be updating this page over the course of the next year. Check back for additional information.