Securities Industry Essentials (SIE)

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FINRA, 2025 outlineSIE outline 1 to 4
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Start today's twenty minutes2.1.1 Equity Securities: The reading

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The exam, section by section

Bars are FINRA's own weights, not ours. The fill is how much of each section you have taken to known or mastered.

Knowledge of Capital Markets 16 percent, 12 questions
9 of 9 units open
Understanding Products and Their Risks 44 percent, 33 questions
2 of 10 units open
Understanding Trading, Customer Accounts and Prohibited Activities 31 percent, 23 questions
0 of 12 units open
Overview of the Regulatory Framework 9 percent, 7 questions
0 of 3 units open
Your readiness 0%

Readiness estimate, uncalibrated.

Tracked units are the 11 of 34 outline items open today. This reading measures how much of what we teach you have proved, not how much of the whole exam, and it says so rather than flattering the number.

Section weights and item counts are FINRA's own published allocation for the SIE: 16 percent and 12 items, 44 percent and 33 items, 31 percent and 23 items, 9 percent and 7 items, of the 75 scored questions.

Your plan, by days

Heaviest and least known first, at a pace you can actually run. The full mock sits two thirds of the way through.

The full plan, day by day

When you have longer

What is written, and what is not

Straight numbers, because the gaps matter more to you than the totals.

11 of the outline's 34 items are open to study today, carrying 116 rule screens and 136 checked questions. The other 23 are being written. Of 113 video lessons, 19 are published and 67 are recorded and waiting. If your weakest area is one of the items marked below as being written, you will need another source for it this cycle, and that is worth knowing now rather than in week three.

Outline itemScreensQuestions
1.1.1 The Securities and Exchange Commission (SEC)612
1.1.2 Self-regulatory Organizations (SROs)613
1.1.3 Other Regulators and Agencies1115
1.1.4 Market Participants and their Roles812
1.2.1 Types of Markets712
1.3.1 The Federal Reserve Board’s Impact on Business Activity and Market Stability512
1.3.2 Business Economic Factors712
1.3.3 International Economic Factors612
1.4 Offerings1412
2.1.1 Equity Securities1412
2.1.2 Debt Instruments3212
2.1.3 Optionsbeing written
2.1.4 Packaged Productsbeing written
2.1.5 Municipal Fund Securitiesbeing written
2.1.6 Direct Participation Programs (DPPs)being written
2.1.7 Real Estate Investment Trusts (REITs)being written
2.1.8 Hedge Fundsbeing written
2.1.9 Exchange-traded Products (ETPs)being written
2.2 Investment Risksbeing written
3.1.1 Orders and Strategiesbeing written
3.1.2 Investment Returnsbeing written
3.1.3 Trade Settlementbeing written
3.1.4 Corporate Actionsbeing written
3.2.1 Account Types and Characteristicsbeing written
3.2.2 Customer Account Registrationsbeing written
3.2.3 Anti-money Laundering (AML)being written
3.2.4 Books and Records and Privacy Requirementsbeing written
3.2.5 Communications with the Public and General Best Interest Obligations and Suitability Requirementsbeing written
3.3.1 Market Manipulationbeing written
3.3.2 Insider Tradingbeing written
3.3.3 Other Prohibited Activitiesbeing written
4.1.1 Registration and Continuing Educationbeing written
4.2.1 Employee Conductbeing written
4.2.2 Reportable Eventsbeing written

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