Securities Industry Essentials (SIE) Practice Test

75 questions68 minutesDetailed explanationsInstant scoring

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About the Real Securities Industry Essentials (SIE) Exam

FINRA Securities Industry Essentials exam. A strong, blueprint-matched practice run is one of the best predictors of how you will perform on the real exam.

Our Securities Industry Essentials (SIE) Practice Test

Our Securities Industry Essentials (SIE) practice test contains 75 original questions spanning Markets & Products, Customer Accounts, Regulation. Each question mirrors the real exam's style and difficulty and includes a detailed explanation, so every question teaches you something.

What to Expect

Markets & Products: Capital markets, products, regulators.
Customer Accounts: Account types, suitability, prohibited activities.
Regulation: Trading, supervision, FINRA/SEC rules.

Try a Sample Question

Securities Industry Essentials (SIE) — Sample · easy

Which type of market is where securities are sold by issuers directly to investors to raise capital?

A Primary market

B Secondary market

C Fourth market

D Third market

Explanation. The primary market is where issuers sell new securities to investors and receive the proceeds, such as in an IPO. The secondary market is where investors trade securities among themselves, with no proceeds going to the issuer.

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