Steven M. Rice - Securities Industry Essentials Exam 2023-2024 For Dummies with Online Practice

Securities Industry Essentials Exam 20232024 For Dummies with Online Practice

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Library of Congress Control Number: 2022935735

ISBN 978-1-119-88685-3 (pbk); ISBN 978-1-119-88687-7 (ebk); ISBN 978-1-119-88686-0 (ebk)

1. Chapter 1
2. Chapter 5
3. Chapter 7
4. Chapter 8
5. Chapter 9
6. Chapter 10
7. Chapter 11
8. Chapter 12
9. Chapter 13
10. Chapter 16

1. Chapter 13
2. Chapter 16

So you want to be a securities industry professional such as a stockbroker? The good news is that a career in the securities field can be extremely lucrative and rewarding. The not-so-good news is that anyone who plans to become a stockbroker and sell securities in any of the 50 states must first pass the Securities Industry Essentials (SIE) exam and one of the top-off exams. Even the SIE exam alone is quite a challenge for most people. To pass the SIE, you have to commit time and effort.

I passed all my securities exams the first time with very high scores, but they all required weeks of study and sacrifice. Those who arent totally prepared on exam day are in for an unpleasant wake-up call. As a test prep instructor and tutor, I always had a few students in every class who had enrolled after they already failed one of their exams. Most of them initially expected the same easy ride that theyd experienced in high school or college. Not only were they wrong, but they also had to pay a significant amount of money to reregister for the exam and wait another 30 days a rule of the Financial Industry Regulatory Authority (FINRA) before they could retake the exam.

Back to the good news again. Youre obviously interested in doing well, so you probably wont be one of those people. This book can help you pass the SIE exam and achieve your goal.

This book should be all you need to pass the exam, although I certainly encourage you to view other materials and take whatever exams you can get your hands on. But as a word of caution, if youre reviewing and taking tests from other books, please make sure that theyre on target. Ive seen more than a couple of books presenting information that is definitely not included in the SIE outline.

I cover the topics that appear on the test, offer formulas as needed, provide definitions, and go over the information you need to know. I also include lots of tips and a few memory tricks. But the real benefit of this book is finding out how to study and think through problems as well as you possibly can. Thats why I help you choose a study program, explain how to handle specific question types, warn you about common mistakes, connect concepts, and show you how to pull questions apart and get to the bottom of whats being asked. Then you get to apply this knowledge in two full-length practice tests so you get a taste of the SIE exam experience.

This is a reference book, and most sections are self-contained. In other words, you can read a section and understand it without looking over the text that comes before it. When some background information is helpful, I give cross-references to related topics. Therefore, you can pretty much jump in and out whenever you find topics you like (and when you find those you dont). And like all good tour guides, I also point you to some other sites of interest topics you can explore further on your own. If youre short on time (as you probably are) and arent ready for a break just yet, you can skip the sidebars, those little gray boxes that contain interesting but nonessential information.