SIE FINRA EXAM PACKAGE STUDY GUIDE
2026 COMPLETE QUESTIONS WITH
CORRECT SOLUTIONS GRADED A+
◉ Passing score for SIE exam. Answer: A score of 70% or higher is
required to pass.
◉ Knowledge of Capital Markets. Answer: Section 1 of the SIE exam,
weighted at 16%.
◉ Understanding Products and Their Risks. Answer: Section 2 of the
SIE exam, weighted at 44%.
◉ Understanding Trading, Customer Accounts, and Prohibited
Activities. Answer: Section 3 of the SIE exam, weighted at 31%.
◉ Overview of the Regulatory Framework. Answer: Section 4 of the
SIE exam, weighted at 9%.
◉ Federal Reserve Regulation T. Answer: Initial margin requirement
is $2,000.
,◉ Margin Minimum Deposit. Answer: If purchase is between
$2,000-$4,000, deposit $2,000; if under $2,000, deposit 100%.
◉ Margin Maintenance (Long). Answer: FINRA minimum; firms may
set higher (e.g., 30-35%).
◉ Margin Maintenance (Short). Answer: 30% equity minimum
FINRA minimum for short accounts.
◉ Reg T Payment Deadline. Answer: Regular-way settlement + 2
business days.
◉ Free Riding Penalty. Answer: T+1 (next business day).
◉ SIPC Coverage. Answer: $500,000 per customer (max $250,000
cash).
◉ FDIC Coverage. Answer: $250,000 per depositor, per bank, per
ownership category.
◉ SAR Filing. Answer: Suspicious transactions ≥ $5,000 must be filed
with FinCEN; confidential.
◉ CTR Filing. Answer: Cash transactions > $10,000 in one business
day must be filed with FinCEN.
, ◉ Political Contributions (G-37). Answer: De minimis: $250 per
election per official you can vote for.
◉ Accredited Investor - Income. Answer: $200,000 individual /
$300,000 joint for past 2 years.
◉ Accredited Investor - Net Worth. Answer: $1,000,000 excluding
primary residence.
◉ Qualified Purchaser. Answer: Entities: $25 million in investments;
individuals: $5,000,000 in investments.
◉ Reg D Rule 506(b). Answer: Up to 35 non-accredited investors
allowed; unlimited accredited; no general solicitation.
◉ Form D Filing. Answer: Must be filed within 15 days after first
sale.
◉ Coverdell ESA. Answer: $2,000/year per beneficiary;
contributions stop at age 18.
◉ Traditional IRA - RMD Age. Answer: Begin at age 73; first RMD by
April 1 of the following year.
2026 COMPLETE QUESTIONS WITH
CORRECT SOLUTIONS GRADED A+
◉ Passing score for SIE exam. Answer: A score of 70% or higher is
required to pass.
◉ Knowledge of Capital Markets. Answer: Section 1 of the SIE exam,
weighted at 16%.
◉ Understanding Products and Their Risks. Answer: Section 2 of the
SIE exam, weighted at 44%.
◉ Understanding Trading, Customer Accounts, and Prohibited
Activities. Answer: Section 3 of the SIE exam, weighted at 31%.
◉ Overview of the Regulatory Framework. Answer: Section 4 of the
SIE exam, weighted at 9%.
◉ Federal Reserve Regulation T. Answer: Initial margin requirement
is $2,000.
,◉ Margin Minimum Deposit. Answer: If purchase is between
$2,000-$4,000, deposit $2,000; if under $2,000, deposit 100%.
◉ Margin Maintenance (Long). Answer: FINRA minimum; firms may
set higher (e.g., 30-35%).
◉ Margin Maintenance (Short). Answer: 30% equity minimum
FINRA minimum for short accounts.
◉ Reg T Payment Deadline. Answer: Regular-way settlement + 2
business days.
◉ Free Riding Penalty. Answer: T+1 (next business day).
◉ SIPC Coverage. Answer: $500,000 per customer (max $250,000
cash).
◉ FDIC Coverage. Answer: $250,000 per depositor, per bank, per
ownership category.
◉ SAR Filing. Answer: Suspicious transactions ≥ $5,000 must be filed
with FinCEN; confidential.
◉ CTR Filing. Answer: Cash transactions > $10,000 in one business
day must be filed with FinCEN.
, ◉ Political Contributions (G-37). Answer: De minimis: $250 per
election per official you can vote for.
◉ Accredited Investor - Income. Answer: $200,000 individual /
$300,000 joint for past 2 years.
◉ Accredited Investor - Net Worth. Answer: $1,000,000 excluding
primary residence.
◉ Qualified Purchaser. Answer: Entities: $25 million in investments;
individuals: $5,000,000 in investments.
◉ Reg D Rule 506(b). Answer: Up to 35 non-accredited investors
allowed; unlimited accredited; no general solicitation.
◉ Form D Filing. Answer: Must be filed within 15 days after first
sale.
◉ Coverdell ESA. Answer: $2,000/year per beneficiary;
contributions stop at age 18.
◉ Traditional IRA - RMD Age. Answer: Begin at age 73; first RMD by
April 1 of the following year.
