Name: Securities Industry Essentials Exam For Dummies with Online Practice By Steven M. Rice
SKU: 9781119545002
Price: 12.25 USD
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Securities Industry Essentials Exam For Dummies with Online Practice Summary

Securities Industry Essentials Exam For Dummies with Online Practice by Steven M. Rice

Get ready to qualify for the security industry job of your dreams The Securities Industry Essentials (SIE) Exam is a new test administered by FINRA beginning in October 2018. This exam is required as a prerequisite to each series level knowledge exam (such as Series 7). If you're prepping for the exam, you need a trusted resource to ensure your very best performance. Securities Industry Essentials Exam For Dummies with Online Practice gives you everything you need to score high on this important exam. With two practice tests in the book, plus two bonus tests online, you can practice your way to a calm and confident experience on exam day. Take 4 full-length practice tests with answers and full explanations Get 1-year access to practice and tests online Find strategies and tips for breaking into the securities industry Increase your chances of scoring higher SIE scores are expected to be a critical factor in determining qualification to enter the securities industry, so the stakes are high. With the help of this book, you'll up your chances of breaking into this field and landing your dream job.

About Steven M. Rice

Steven M. Rice, founding partner and educator at Empire Stockbroker Training Institute, is the author of Series 7 Exam For Dummies. Rice also co-developed a complete library of securities training manuals for the Series 4, Series 6, Series 7, Series 24, Series 63, Series 65, and Series 66 exams.

Introduction 1 About This Book 1 Foolish Assumptions 2 Icons Used in This Book 2 Beyond the Book 2 Where to Go from Here 3 Part 1: Getting Started with the SIE Exam 5 Chapter 1: Introducing the SIE (Securities Industry Essentials) Exam 7 What Is the SIE Exam, Anyway? 7 Profiling the SIE Exam-Taker 8 One's Not Enough: Tackling the Co-Requisite Exams 8 Series 6: Investment Company and Variable Products Representative Exam 9 Series 7: General Securities Representative Exam 9 Series 22: DPP Representative Exam 9 Series 57: Securities Trader Exam 9 Series 79: Investment Banking Representative Exam 9 Series 82: Private Securities Offerings Representative Exam 9 Series 7 + Series 86 + Series 87: Research Analyst Exam 10 Series 99: Operations Professional Exam 10 Signing Up 10 Filling out an application to enroll 10 It's a date! Scheduling your exam 10 Planning ahead for special accommodations 11 Just in case: Cancelling as an option 12 Taking a Peek at the Tested Topics 12 Understanding the Exam Format and Other Exam Details 14 Reviewing the exam basics 14 Practicing on ten additional trial questions 14 Mastering the computerized format and features 14 Instant gratification: Receiving and evaluating your score 16 Chapter 2: Preparing for the SIE Exam 19 Courses and Training Materials: Determining the Best Way to Study 19 Back to school: Attending a prep course 19 Selecting prep material to study on your own 21 Managing Your Study Time Wisely 22 Blocking out some time to study 23 It's a plan: Getting into a study routine 23 Give it a rest: Taking short breaks 24 Staying focused from day to day 24 Devoting time to practice tests 25 Avoiding study groups 25 Staying in shape 25 Exploring Study Strategies 26 Developing Solid Test-Taking Skills 26 Read the question carefully 27 Look for phrases that lead to the topic tested 27 Work with what you have 27 Don't obsess; mark for review 27 Keep track of time 27 Master the process of elimination 28 Maintain your concentration 28 Think carefully before changing your answers 29 Use the scrap paper wisely 29 Knowing When You're Ready 29 Chapter 3: Examining and Mastering Question Types 31 Familiarizing Yourself with Question Formats 31 Working with the straight shooters: The straightforward types 32 Encountering quirky questions with qualifiers 33 Roman hell: Complex multiple choice 34 Looking at exhibits: Diagram questions 36 Shredding the Questions: Tips and Tricks 38 Focusing on key information 38 Answer me this: Picking the correct answer 39 Don't make the same mistake twice 41 Chapter 4: Surviving Test Day 43 Composing Yourself the Day Before 43 Making the Most of the Morning 44 Arriving on the Scene 45 Taking advantage of one last chance to cram 45 Signing in 45 Getting seated 45 Tackling the SIE 46 Getting the Results: Drum Roll, Please 47 Part 2: Mastering Basic Security Investments 49 Chapter 5: Underwriting Securities 51 Bringing New Issues to the Market 51 Starting out: What the issuer does 51 Role call: Introducing the team players 54 Getting the skinny on the issue and issuer: The prospectus 56 Counting the securities along the way 57 Getting Up to Speed on the Types of Securities Offerings 57 Reviewing Exemptions 58 Exempt securities 58 Exempt transactions 59 Chapter 6: Corporate Ownership: Equity Securities 61 Beginning with the Basics: Common Stock 61 Understanding a stockholder's voting rights 62 Categorizing shares corporations can sell 63 Considering the par value of common stock 64 Corporate actions 64 Splitting common stock 65 Sharing corporate profits through dividends 66 Getting Preferential Treatment: Preferred Stock 68 Considering characteristics of preferred stock 68 Getting familiar with types of preferred stock 69 Securities with a Twist 71 Opening national borders: ADRs 71 Rights: The right to buy new shares at a discount 71 Warrants: The right to buy stock at a fixed price 72 Chapter 7: Debt Securities: Corporate and US Government Loans 73 Tackling Bond Terms, Types, and Traits 73 Remembering bond terminology 73 Following bond issue and maturity schedules 75 Comparing secured and unsecured bonds 75 Making Basic Bond Price and Yield Calculations 77 Finding bond yields 77 Determining the Best Investment: Comparing Bonds 79 Considering bond credit ratings 79 Contrasting callable and put bonds 81 Popping the top on convertible bonds 82 Exploring US Government Securities 82 Understanding the types and characteristics of US government securities 82 Playing It Safe: Short-Term Loans or Money Market Instruments 84 Chapter 8: Municipal Bonds: Local Government Securities 87 General Obligation Bonds: Backing Bonds with Taxes 87 General characteristics of GOs 88 Analyzing GO bonds 88 Dealing with Revenue Bonds: Raising Money for Utilities and Such 89 General characteristics of revenue bonds 90 Analyzing revenue bonds 90 The Primary Market: Bringing New Municipal Bonds to Market 91 Allocation of orders 92 Definitions for new issues 92 Examining Other Types of Municipal Bonds on the Test 92 Taxable Municipal Bonds 94 Don't Forget Municipal Notes! 94 Municipal Fund Securities 95 Section 529 Plans 95 ABLE accounts 96 Local Government Investment Pools 96 Understanding the Taxes on Municipal Bonds 96 Comparing municipal and corporate bonds equally 97 Scot-free! Taking a look at triple tax-free municipal bonds 97 Following Municipal Bond Rules 98 Confirmations 98 Advertising and record keeping 99 Gifts 99 Commissions 99 Gathering Municipal Bond Info 100 The bond resolution (indenture) 100 Legal opinion 100 Official statement 100 G That's a Whole Lot of Rules 101 Part 3: Delving Deeper: Security Investments with a Twist 105 Chapter 9: Delivering Diversification with Packaged Securities 107 Diversifying through Management Investment Companies 108 Comparing open- and closed-end funds 108 Keeping your customer's investment objectives in mind 110 Dealing with discounts 112 Figuring the sales charge and public offering price of open-end funds 114 Considering Other Investment Company Options 115 Face-amount certificate companies 116 Unit investment trusts (UITs) 116 Exchange-traded products (ETPs) 116 Investment company rules 17a-6 and 17a-7 117 Adding Annuities to a Portfolio 117 Looking at fixed annuities 118 Checking out variable annuities 118 Putting money into (and receiving money from) annuities 118 Exploring Variable Life and Variable Universal Life Insurance 120 Chapter 10: Working with Direct Participation Programs and REITs 121 Searching for Identity: What DPPs Are (and Aren't) 122 The DPP Characters: General and Limited Partners 122 Pushing through Partnership Paperwork 123 Partnership agreement 123 Certificate of limited partnership 124 Subscription agreement 124 Passive Income and Losses: Looking at Taxes on Partnerships 124 Evaluating Direct Participation Programs 125 Checking Out Types of Partnerships 125 Building on real-estate partnership info 125 Gearing up with equipment leasing 126 Strengthening your grasp on oil and gas 127 Reducing Real-Estate Risk with REITs 128 Private (private placement) REITs 129 Registered non-listed REITs 129 Listed REITs 129 Chapter 11: Options: The Right to Buy or Sell at a Fixed Price 131 Brushing Up on Option Basics 131 Reading an option 132 Looking at call options: The right to buy 133 Checking out put options: The right to sell 133 Getting your money back: Options in-, at-, or out-of-the-money 133 Paying the premium: The cost of an option 135 Incorporating Standard Option Math 136 Calls same: Buying or selling call options 137 Puts switch: Buying or selling put options 139 Trading options: Opening and closing transactions 142 Gaining Additional Option Info 144 Clearing through the OCC 144 That's ODD: Options risk disclosure document 144 Getting the go-ahead: Registered options principal 144 Options account agreement 144 Order ticket 145 Last trade, last exercise, and expiration of an option 145 Exercise and assignment 145 Additional definitions 146 Some additional option rules 147 Part 4: Playing Nicely: Serving Your Customers and Following the Rules 149 Chapter 12: Serving Your Customers: Customer Accounts 151 Following Protocol When Opening Accounts 151 Filing the facts on the new account form 151 Selecting the appropriate type of account 154 Investment advisers 156 Cash or margin? 157 Getting Margin Paperwork Out of the Way 157 Introducing Long and Short Margin Accounts 158 Playing by the Federal Reserve Board's Rules 158 Regulation T 158 Margin call 159 Opening a Margin Account: The Initial Requirements 159 Starting long accounts 160 Opening short accounts 160 Obeying the Telephone Act of 1991 160 Chapter 13: Doing a Little Market Research: Securities Analysis 163 Knowing Your Securities and Markets: Securities Analysis 163 Regarding risk 164 Mitigation of risk 165 Deciding what to buy: Fundamental analysis 166 Deciding when to buy: Technical analysis 168 Following the Green: Money Supply 171 Influencing the money supply 171 Opening the Federal Reserve Board's toolbox 172 Reading Economic Indicators 173 Leading indicators 174 Coincident (coincidental) indicators 174 Lagging indicators 174 GDP versus GNP 175 How Economic Factors Affect Securities 175 Cyclical 175 Defensive 175 Growth 175 Principal Economic Theories 176 Keynesian (demand side) 176 Supply side (Reaganomics) 176 Monetarist 176 Chapter 14: Going to Market: Orders and Trades 177 Shopping at Primary and Secondary Markets 177 Buying new in the primary market 177 Buying used in the secondary market 178 Making the Trade 178 Auctioning securities at securities exchanges 178 Negotiating trades over-the-counter 179 Understanding the Role of a Broker-Dealer 179 Introducing broker (IB) 180 Clearing (carrying) broker 180 Prime broker 180 Receiving Orders from Customers 181 Talking about order types 181 Factoring in order features 183 Looking at Market Participants 185 Chapter 15: Making Sure the IRS Gets Its Share 187 Everything in Its Place: Checking Out Tax and Income Categories 187 Touring the tax categories 187 Looking at types of income 188 Noting Taxes on Investments 188 Interest income 188 Dividends 189 At the sale: Capital gains and losses 190 Exploring Retirement Plan Tax Advantages 192 Qualified versus nonqualified plans 192 IRA types and contribution limits 193 401(k) and 403(b) 194 Chapter 16: No Fooling Around: Rules and Regulations 197 The Market Watchdogs: Securities Regulatory Organizations 197 The Securities and Exchange Commission 197 Self-regulatory organizations 198 Investor education and protection 199 State regulators 200 Department of the Treasury/IRS 200 FINRA Registration and Reporting Requirements 200 Disqualification 201 Fingerprints 202 Continuing education 202 Resignation and termination 203 Associated persons exempt from registration 203 Reporting requirements 203 Trading by the Book When the Account Is Open 204 Filling out an order ticket 205 Checking your calendar: Payment and settlement dates 207 Regulation S-P 208 Confirming a trade 208 Financial exploitation of specified adults 209 Borrowing from or lending to 210 Following up with account statements 210 Keeping your dividend dates straight 210 Handling complaints 212 Retail communications 213 Record-keeping 214 Committing Other Important Rules to Memory 215 Sticking to the 5 percent markup policy 215 Avoiding violations 216 Following the money: Anti-money-laundering rules 218 AML compliance program 220 Insider trading rules 220 The Investor's Bankruptcy Shield: FDIC and SIPC 221 Holding a customer's mail 222 Business continuity plans and emergency contact information 222 Part 5: Putting Your Knowledge to Good Use: Practice Exams 225 Chapter 17: Bring It On: Practice Exam 1 227 Chapter 18: Answers & Explanations to Practice Exam 1 241 Making the Grade 249 Answer Key for Practice Exam 1 250 Chapter 19: Nothing But Net: Practice Exam 2 251 Chapter 20: Answers & Explanations to Practice Exam 2 265 Knowing the Score 274 Answer Key for Practice Exam 2 275 Part 6: The Part of Tens 277 Chapter 21: Ten SIE Exam Traps to Avoid 279 Easing Up on the Studying 279 Assuming the Question's Intent 280 Reading into the Question 280 Becoming Distracted When Others Finish 280 Not Dressing for Comfort 280 Forgetting to Breathe 281 Trying to Work Out Equations in Your Head Instead of Writing Them Down 281 Spending Too Much Time on One Question 281 Changing Your Answers for the Wrong Reasons 281 Calculating Your Final Score Prematurely 282 Chapter 22: Ten Ways to Start Your Career Off Right 283 Win at the Numbers Game 283 Be an Apprentice 284 Do Your Homework 284 Treat the Minnow like a Whale 284 Smile When You Dial 284 When a Security Falls, Don't Be a Stranger 284 Put In the Hours 285 Broaden Your Horizons 285 Pay Yourself First 285 Set Some Goals: The Brass Ring 286 Index 287

Additional information

Sku

CIN1119545005G

ISBN 13

9781119545002

ISBN 10

1119545005

Title

Securities Industry Essentials Exam For Dummies with Online Practice by Steven M. Rice

Author

Steven M. Rice

Condition

Used - Good

Binding type

Paperback

Publisher

John Wiley & Sons Inc

Year published

20190305

Number of pages

320

Prizes

N/A

Cover note

Book picture is for illustrative purposes only, actual binding, cover or edition may vary.

Note

This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

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

Securities Industry Essentials Exam For Dummies with Online Practice by Steven M. Rice

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Securities Industry Essentials Exam For Dummies with Online Practice Summary

Securities Industry Essentials Exam For Dummies with Online Practice by Steven M. Rice

About Steven M. Rice

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