Intro to the SIE exam part 2 8/26/2024

Meeting purpose

To provide training and review key concepts for the SIE exam

Key Takeaways

• Reviewed mutual funds, options, margin accounts, and other key topics
• Practiced sample exam questions and discussed correct answers/reasoning
• Instructor will hold an additional 1-hour Q&A session on Sunday or Monday evening
• Participants should focus on additional reading and knowledge building in the final week before the exam

Topics

Mutual Funds

• Reviewed A, B, and C share classes and their fee structures
• Discussed breakpoints, rights of accumulation, and letter of intent
• Covered NAV calculation, forward pricing, and prospectus requirements

Options

• Reviewed call and put options, including max gain/loss scenarios
• Practiced calculating breakeven points for various option strategies
• Discussed index options and cash settlement

Margin Accounts

• Reviewed Regulation T 50% initial margin requirement
• Discussed maintenance margin requirements (25% for long positions, 30% for short)
• Covered minimum equity requirement of $2,000

Order Types

• Reviewed market orders, limit orders, stop orders, and stop limit orders
• Practiced identifying appropriate order types for different scenarios

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