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SIE Practice Disclaimer

Effective date: November 8, 2026 · Last updated: November 8, 2026

SIE Exam Practice Test is an independent study site for the Securities Industry Essentials (SIE) exam. This disclaimer explains what the site is, what it is not and the limits of its practice material. It applies to every page, practice test, quiz, flashcard and download on sieexampracticetest.com, and it forms part of our Terms of Use.

1. Independent of FINRA and other regulators

SIE Exam Practice Test is not affiliated with, endorsed by, sponsored by or connected to the Financial Industry Regulatory Authority (FINRA), the North American Securities Administrators Association (NASAA), the U.S. Securities and Exchange Commission (SEC) or the Municipal Securities Rulemaking Board (MSRB). None of them has reviewed or approved our questions, explanations or study pages.

FINRA owns and runs the SIE exam. It sets the content outline, writes and chooses the questions, sets the fee and the rules, and reports scores. For official information, use FINRA's SIE exam page and its SIE FAQ.

2. Our questions are original practice items

All 3,251 questions on this site were written for this site against FINRA's public content outline. They are not real, recalled or leaked SIE questions, and they will not match the wording of any exam you sit. The real exam may test the same topics in different ways, at different depth and in a different mix.

3. How the questions were checked

Each question cites a primary source and quotes the passage that supports its answer. The questions were drafted and reviewed with AI tools, with an independent review, revision and second review, and automated checks. They have not been reviewed by a human subject-matter expert. A question can still be wrong, unclear or out of date. Our Question Methodology explains the process and its limits, and Corrections and Rule Updates lists what we have changed. If you spot a problem, please tell us.

4. Practice scores do not predict your exam result

Your score here is the percentage of questions you answered correctly. FINRA reports the real SIE as a scaled score, with 70 needed to pass, and the real exam includes 5 unscored questions you cannot tell apart from the scored ones. We use 70 percent correct as a practice benchmark only. Scoring well here does not mean you will pass, and scoring poorly does not mean you will fail.

The site teaches what the SIE exam covers. Nothing on it is investment, financial, legal, tax or accounting advice, and nothing on it is a recommendation to buy, sell or hold any security or product, or to open any kind of account. Scenarios in questions use hypothetical people and figures, and tax figures apply to the tax year the question states. Before making a financial decision, speak to a qualified, registered professional.

We are not a broker-dealer, an investment adviser, a law firm or a tax adviser, and using the site does not create any professional or advisory relationship.

6. What you need after the SIE

Passing the SIE does not by itself let you work as a registered representative. To register, you also need to be associated with a FINRA member firm and pass the representative-level exam that your role requires, such as the Series 7. Some roles also need a state law exam, such as the Series 63, which NASAA develops. FINRA says a passed SIE stays valid for 4 years. The SIE exam guide covers these rules with links to FINRA.

7. Not a substitute for your firm's training

If you work at, or are joining, a broker-dealer, your firm's training, written supervisory procedures and compliance staff are the authority on how rules apply to your job. Our explanations are study aids for an introductory exam and are simplified for that purpose.

8. Exam facts and rules change

Exam details such as the fee, the number of questions, the time allowed and retake waits, and the rules the exam tests, can change. We record dated rule changes on Corrections and Rule Updates. Check FINRA's own pages before you schedule or rely on any exam fact.

9. Names and trademarks

FINRA, SIE and Securities Industry Essentials, Series 7, NASAA, the SEC and the MSRB, and the names of other exams and organizations on this site, belong to their owners. We use them only to describe the exam our practice is for and to cite sources. That use does not mean any of them endorses us.

We link to FINRA, the SEC, Investor.gov, the MSRB, the IRS and other sources so you can read the original text. We do not control those sites, and their content can change after we link to it.

11. No guarantee

We do not guarantee that you will pass the SIE or any other exam, or that the site will be free of errors. Our liability is limited as set out in the Terms of Use.

12. Contact

Questions about this disclaimer: [email protected].

By using SIE Exam Practice Test you acknowledge that it is an independent practice site, that its questions are not FINRA questions and that nothing on it is investment advice.