The Securities Industry Essentials (SIE) Exam is a 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.
The Series 6 exam, the Investment Company and Variable Contracts Products Representative Qualification Examination (IR), assesses the competency of an entry-level representative to perform their job as an investment company and variable contracts products representative.
The Series 7 exam, the General Securities Representative Qualification Examination (GS), assesses the competency of an entry-level registered representative to perform their job as a general securities representative.
NASAA developed the Uniform Securities Agent State Law Examination or the Series 63 exam in cooperation with securities industry representatives and associations. This exam is designed to qualify candidates as securities agents. It covers the principles of state securities regulation reflected in the Uniform Securities Act (with the amendments adopted by NASAA and rules prohibiting dishonest and unethical business practices). It is intended to provide a basis for state securities administrators to determine an applicant’s knowledge and understanding of state law and regulations.
The FINRA administers this exam. To schedule a candidate for the test, an individual’s firm should file an electronic Form U4, or the individual should open an enrollment window via FINRA and pay the exam fee. Please visit FINRA’s “Enroll for a Series Exam” page to register for a state licensing exam.
NASAA developed the Uniform Combined State Law Examination or the Series 66 exam based on industry requests. It is designed to qualify candidates as both securities agents and investment adviser representatives. The exam covers topics that have been determined to be necessary to provide investment advice and effect securities transactions for clients.