SIE Cheat Sheet

Cheat sheet SIE Cheat Sheet Practice Questions Study Guide Print / Save PDF

Capital Markets 16% of exam Regulators Markets Economics Primary vs Secondary

Products + Risks 44% of exam Equity Debt Funds Options Product Picker

Trading + Accounts 31% of exam Orders Accounts Settlement Order Picker

Regulatory Framework 9% of exam Prohibited Conduct Employee Conduct Suitability vs KYC Account Picker

Quick Facts Questions 75 MCQ Fee $100 Time 105 min Pass 70 Sponsor Not required Validity 4 years Skill Match product risk

Domain Weights MA Markets 16 | Products 44 | Trading 31 Regulation 9 Products largest Trading second Markets third

Broker vs Dealer MA

Broker Agent Matches trades Charges commission

Dealer Principal Own inventory Earns spread Agent vs principal

Regulators MA SEC Federal securities FINRA Broker-dealer SRO MSRB Muni rules FRB Monetary policy SIPC Broker failure State Blue sky laws

Primary vs Secondary MA

Primary Issuer receives New securities Underwriting

Secondary Investor trades Existing securities Markets Issuer vs investors

Markets MA Primary Issuer sells Secondary Investor trades Exchange Auction market OTC Dealer market Bid Dealer buys Ask Dealer sells

Economics MA Inflation Prices rise Deflation Prices fall GDP Economic output Fiscal Tax/spend policy Monetary Fed policy Recession Economic contraction

Rates + Bonds PR Rates up -> bond prices down Inverse relationship Coupon fixed Market price moves Yields adjust

Common vs Preferred PR

Common Voting Residual claim Variable dividend

Preferred Fixed dividend Priority claim Usually no vote Vote vs income

Product Picker PR Voting ownership → Common stock Fixed dividend → Preferred Issuer loan → Bond Diversified NAV → Mutual fund Intraday fund → ETF Right to buy → Call

Equity PR Common Voting ownership Preferred Fixed dividend ADR Foreign shares Dividend Company payout Rights Buy new shares Warrants Long-term option

Options Rights PR Call buys | Put sells Buyer has right Seller has obligation Premium paid Strike price

Debt PR Bond Issuer loan Coupon Interest rate Par Face value Maturity Principal due Callable Issuer redeems Convertible Equity exchange Treasury Federal debt Municipal Local debt

Funds PR Mutual fund NAV priced ETF Exchange traded UIT Fixed portfolio REIT Real estate Closed-end Market priced 12b-1 Distribution fee

Options PR Call Right to buy Put Right to sell Strike Exercise price Premium Option cost Exercise Use contract Expiration Option deadline

Risks PR Market Overall movement Credit Issuer default Interest Rate changes Liquidity Cannot sell Inflation Purchasing loss Reinvestment Lower new rate

Market vs Limit TR

Market Execution likely Price uncertain Immediate

Limit Price controlled Execution uncertain Or better Speed vs price

Order Picker TR Need execution → Market Need price → Limit Trigger sale → Stop Trigger price cap → Stop limit Today only → Day Keep open → GTC

Orders TR Market Immediate execution Limit Price or better Stop Trigger market Stop limit Trigger limit Day Expires today GTC Stays open

Accounts TR Cash Paid in full Margin Borrowed funds Joint Multiple owners TOD Beneficiary transfer Custodial Minor account Discretionary Firm decides

Suitability vs KYC RE

KYC Know customer Collect facts Profile

Suitability Match recommendation Use facts Reasonable basis Facts vs recommendation

Account Picker RE Pay full → Cash Borrow funds → Margin Minor owner → Custodial Multiple owners → Joint Firm authority → Discretionary Death transfer → TOD

Prohibited Conduct RE Insider trading MNPI misuse Churning Excessive trading Front running Trade ahead Marking close Price manipulation Guarantees False promise Commingling Mixing assets

Common Traps

Broker/dealer Broker is agent ≠ Dealer is principal

Bond prices Rates rise ≠ Bond prices fall

Order trap Market ensures execution ≠ Limit controls price

Fund pricing Mutual fund NAV ≠ ETF trades intraday

Regulation trap KYC collects facts ≠ Suitability uses facts

Last Minute 1 . Weights: 16 / 44 / 31 / 9 2 . Broker = agent 3 . Dealer = principal 4 . Primary = issuer sale 5 . Secondary = investor trade 6 . Rates up; bonds down 7 . Call = right to buy 8 . Put = right to sell 9 . Market order = execution 10 . Limit order = price control

SIE Practice Questions 700 questions Study Guide 47 topics Cheat Sheet 68 facts Flashcards 50 cards Course Playlist 156 videos Shorts 3 short s Videos 137 videos Blogs 33 blogs Free CE Radio On air Radio Now playing

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