$10 · instant PDF download (link also emailed)

For people starting a FINRA securities career who need the Securities Industry Essentials (SIE) exam — markets, products, and the basic rules — before a top-off license.

Covers the current FINRA SIE exam outline · Written and maintained by Todd Lavergne, Todd Lavergne Media · Last updated Oct 2026

Buy now – $10

7-day money-back guarantee. Not the right guide? See how refunds work or reach us through the Contact page.

Now includes 200 practice questions + a full timed mock exam

The SIE is broad: equities, debt, options basics, customer accounts, and which regulator does what. Guessing from flashcards alone usually leaves gaps.

Lessons that follow the exam topic list
80 practice questions with answers and short explanations
Limits / cheat sheet and a study plan
Instant PDF after payment — link also arrives by email

Safe, secure checkout. Pay securely with PayPal or a debit or credit card via PayPal guest checkout.

Download on the thank-you page and by email.

What’s not included

Not a live class, not a FINRA affiliation, and not a promise you will pass. It is an independent PDF study aid.

Free sample: 5 questions from the guide

Taken straight from the SIE guide. Try each one, then tap “Show answer.”

Which regulator writes and enforces the federal securities laws that created the SEC?
- A. FINRA
- B. Congress
- C. MSRB
- D. SIPC
Show answer
Answer: B — Congress passes statutes such as the Securities Act of 1933 and the Exchange Act of 1934. The SEC administers those laws. FINRA and MSRB are SROs under SEC oversight. SIPC restores missing assets after a broker-dealer failure.
Which U.S. Treasury security pays periodic interest and has a long original maturity?
- A. T-bill
- B. T-note or T-bond
- C. STRIP principal-only created by the investor
- D. Commercial paper
Show answer
Answer: B — T-bills are discount instruments of one year or less. Notes and bonds pay semiannual coupons.
A warrant typically differs from a right because a warrant:
- A. Lasts much longer and is often attached to another issue
- B. Must expire in a few weeks
- C. Is only issued by municipalities
- D. Has no exercise price
Show answer
Answer: A — Rights are short-lived preemptive tools. Warrants are longer-dated and often sweeten a bond or preferred deal.
A registered representative may guarantee a customer against loss:
- A. Always, if the firm approves
- B. Never as a sales practice
- C. Only on Treasuries
- D. Only in IRAs
Show answer
Answer: B — Guaranteeing results or sharing losses to keep an account is prohibited.
A prime brokerage relationship is most associated with:
- A. Retail UGMA accounts
- B. Hedge funds needing custody, leverage, and trade away from multiple executing brokers
- C. 529 plans only
- D. Payroll deduction IRAs
Show answer
Answer: B — Prime brokers bundle custody, financing, and reporting for active funds.

Practice questions are original teaching items, not real exam questions. Independent study aid; not affiliated with or endorsed by the exam provider.

Using a full prep program such as Achievable? This $10 guide is a low-cost add-on: a compact outline review plus original practice questions with explanations for extra reps before test day.

Buy now — $10 ↓

Ready when you are.

Study-aid disclaimer: Independent study aid. Not affiliated with the exam administrators. Original questions. No pass guarantee. Not legal or investment advice.