Finance · Securities
FINRA Securities Industry Essentials (SIE) Exam
The entry exam for a career in securities: markets, products, risks, trading and the regulatory framework.
Questions last checked against the official sources on October 6, 2026.
The real exam at a glance
- Questions
- 75 scored + 5 unscored (80 in all)
- Time
- 1 hour 45 minutes
- To pass
- Scaled score of 70
- Body
- FINRA
What you'll practise
Try a question
What is the main purpose of the secondary market?
- To set interest rates
- To provide liquidity by letting investors trade existing securities
- To raise new money for issuers through initial and follow-on public offerings
- To issue new government bonds
Show the answer
B. To provide liquidity by letting investors trade existing securities — Issuers do not receive money from secondary-market trades.
Sample questions by topic (in English)
- 1. Knowledge of Capital Markets
- 2. Understanding Products and Their Risks
- 3. Trading, Customer Accounts and Prohibited Activities
- 4. Overview of the Regulatory Framework
Ask the examiner
Ask about this exam: why an answer is wrong, a grammar point, or “quiz me on …”.
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Questions about the FINRA SIE
Is this the official FINRA SIE?
No. Semplr is independent and not affiliated with the exam body. We write every question ourselves, in the official format and at the official level.
What is the real FINRA SIE like?
Questions: 75 scored + 5 unscored (80 in all). Time: 1 hour 45 minutes. To pass: Scaled score of 70. Body: FINRA.
How is my practice marked?
Instantly. You see your score against the pass mark, and an explanation for every question — including the ones you got right.
Can I take it on my phone?
Yes. The whole mock exam works on a phone, and your progress is saved in your browser.
Ready for a full run?
One sitting, real timing, then your score against the pass mark.
Start the free mock exam