Steven M. Rice is a partner and instructor at Empire Stockbroker Training Institute, one of the country's leading securities industry schools. Rice is the author of Series 7 Exam For Dummies, Series 7 Exam: 1001 Practice Questions For Dummies, and SIE Exam: 1001 Practice Questions For Dummies.

Introduction 1

Part 1: Get Things Rolling: Starting Your SIE Journey 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 43

Part 2: Starting at the Beginning: Basic Security Investments 49

Chapter 5: Securities Underwriting: The Process and the Team Players 51

Chapter 6: Equity Securities: Corporate Ownership 65

Chapter 7: Debt Securities: Corporate and U.S Government Loans 85

Chapter 8: Municipal Bonds: Local Government Debt Securities 105

Part 3: Diving Deeper: Taking a Look at More Complex Securities 127

Chapter 9: Delivering Diversification with Packaged Securities 129

Chapter 10: Working with Direct Participation Programs (DPPs) and REITs 149

Chapter 11: Options: Understanding the Basics of Puts and Calls 161

Part 4: Playing Nicely: Serving Your Client's Needs and Following the Rules 189

Chapter 12: Customer Accounts: Proper Handling of Accounts 191

Chapter 13: Securities Analysis: Doing a Little Market Research 207

Chapter 14: Securities Markets: Taking Orders and Executing Trades 227

Chapter 15: Making Sure the IRS Gets Its Share 245

Chapter 16: Rules and Regulations: No Fooling Around 259

Part 5: Putting Your Pencil to Paper: Practice Exams 295

Chapter 17: Ready, Set, Go!: Practice Exam 1 297

Chapter 18: Answers and Explanations to Practice Exam 1 311

Chapter 19: Nothing But Net: Practice Exam 2 321

Chapter 20: Answers and Explanations to Practice Exam 2 335

Part 6: The Part of Tens 347

Chapter 21: Ten SIE Exam Traps to Avoid 349

Chapter 22: Ten Ways to Start Your Career Off Right 353

Glossary 357

Index 377