SIE (Securities Industry Essentials) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Ace your Securities Industry Essentials (SIE) Exam with Examzify! Our practice exam features flashcards, multiple-choice questions with detailed explanations, and insightful tips to ensure your success.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

A candidate who fails the SIE exam three times and has waited the six-month moratorium period is preparing to take the exam for the fourth time. Which of the following is true?

The candidate will receive a simplified version of the exam
The candidate will have to wait another six-months if the exam is failed on the 4th try
The candidate will be banned from retaking the exam
The candidate automatically passes

The correct answer is: The candidate will have to wait another six-months if the exam is failed on the 4th try

On the fourth try, the six-month moratorium period will have been completed and the candidate will no longer be banned from retaking the exam. However, if the exam is failed for a fourth time, the candidate will have to wait another six-months before being able to take it again. Option A is incorrect because the exam does not change based on the number of attempts. Option C is incorrect because the ban is lifted after the six-month period. Option D is incorrect because the candidate must still pass the exam in order to become licensed.