Table of Contents
Introduction 1
Part 1: Getting Started with the SIE Exam 5
Chapter 1: Introducing the SIE (Securities Industry Essentials) Exam 7
Chapter 2: Preparing for the SIE Exam 19
Chapter 3: Examining and Mastering Question Types 31
Chapter 4: Surviving Test Day 41
Part 2: Mastering Basic Security Investments 47
Chapter 5: Securities Underwriting: The Process and the Team Players 49
Chapter 6: Equity Securities: Corporate Ownership 63
Chapter 7: Debt Securities: Corporate and U.S Government Loans 81
Chapter 8: Municipal Bonds: Local Government Securities 99
Part 3: Delving Deeper: Security Investments with a Twist 121
Chapter 9: Delivering Diversification with Packaged Securities 123
Chapter 10: Working with Direct Participation Programs and REITs 143
Chapter 11: Options: Understanding the Basics of Puts and Calls 155
Part 4: Playing Nicely: Serving Your Customers and Following the Rules 179
Chapter 12: Customer Accounts: Doing the Right Thing 181
Chapter 13: Securities Analysis: Doing a Little Market Research 197
Chapter 14: Securities Markets: Taking Orders and Executing Trades 217
Chapter 15: Making Sure the IRS Gets Its Share 231
Chapter 16: Rules and Regulations: No Fooling Around 243
Part 5: Putting Your Knowledge to Good Use: Practice Exams 279
Chapter 17: Bring It On: Practice Exam 1 281
Chapter 18: Answers and Explanations to Practice Exam 1 295
Chapter 19: Nothing But Net: Practice Exam 2 305
Chapter 20: Answers and Explanations to Practice Exam 2 321
Part 6: The Part of Tens 333
Chapter 21: Ten SIE Exam Traps to Avoid 335
Chapter 22: Ten Ways to Start Your Career Off Right 339
Index 343