SIE exam overview part 1 Podcast episode
major securities regulations (Securities Acts of 1933, 1934, etc.) and their key provisions - Detailed explanations were provided on different types of securities including stocks, bonds, options, and their characteristics - Math concepts related to securities pricing, yields, and options were demonstrated - Practice questions were reviewed to show how concepts may be tested on the SIE exam
Topics
Securities Regulations
- Securities Act of 1933 covers primary market and new securities issuance - Securities Act of 1934 created the SEC and regulates the secondary market - Other key acts include Investment Company Act of 1940 and Investment Advisers Act of 1940
Equity Securities
- Common stock provides ownership, voting rights, potential dividends - Preferred stock provides fixed dividends, no voting rights - ADRs allow trading foreign stocks on US exchanges - Rights offerings allow existing shareholders to maintain ownership percentage
Debt Securities
- Corporate bonds, municipal bonds, and US Treasuries discussed - Key concepts: par value, coupon rate, yield, call provisions - Risks include interest rate risk, credit risk, reinvestment risk
Options
- Calls provide right to buy, puts provide right to sell - Key terms: strike price, premium, expiration, intrinsic value - Buying options limits risk to premium paid - Selling options has potentially unlimited risk
Calculations
- Stock splits, dividends, and rights offerings - Bond yields - current yield, yield to maturity, yield to call - Options pricing and breakeven points
Next Steps
- Review practice questions, especially on topics like options and bond yields - Focus on memorizing key regulatory acts and their provisions - Practice calculations for stock splits, dividends, bond yields, etc. - Review risks associated with different security types
#sieexam #sieexam #finra
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