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SIE Registration and Continuing Education

Registration and continuing education covers the paperwork of becoming and staying registered: Form U4 to register an associated person, Form U5 on termination, fingerprinting and background checks, statutory disqualification, and the Regulatory and Firm elements of continuing education.

Practise this topic freeSee the full outline
Overview of the Regulatory Framework · 9%170 questions0% hard
9%of the exam is Overview of the Regulatory Framework, the section this topic sits in.
170questions on this topic in the PrepScore bank.
31%are apply-level questions — the dominant cognitive demand here.
5are EXCEPT / NOT items, where the answer is the odd one out.
What the SIE asks

What you actually need to know

  • Form U4 is filed by the member firm, not the individual.
  • Form U5 on termination, its 30-day filing deadline, and the two-year amendment window.
  • What counts as statutory disqualification.
  • Regulatory Element versus Firm Element continuing education.
How this topic behaves

What 170 questions on it look like

Not one question in this topic is rated hard, and 33% are easy. This is a topic to bank marks in, not to agonise over.

28% of the questions demand analysis rather than recall — you are asked to judge a described situation, not to name a definition.

concept45%
scenario33%
compliance judgment15%
comparison7%

Question-type mix across the 170 questions in this topic.

From the bank

Three real registration and continuing education questions

With the explanation — which is the part that teaches.

concept · medium · recall

Which form is used to apply to register an individual as an associated person, and who submits it?

  1. AForm BD, submitted by the individual through the CRD system
  2. BForm U4, submitted by the member firm through the CRD systemcorrect
  3. CForm U4, submitted by the individual directly to the SEC
  4. DForm U5, submitted by the individual directly to FINRA
Why B is correct

The Uniform Application for Securities Industry Registration (Form U4) is filed by the sponsoring member firm on the individual's behalf through the Central Registration Depository (CRD).

compliance judgment · easy · apply

A retail investor wants to review a broker's registration history and certain disclosure events. Which response is most appropriate?

  1. ADirect the investor to BrokerCheck as an investor education and disclosure resourcecorrect
  2. BTell the investor that disclosure records are available only after placing a trade
  3. CUse BrokerCheck to predict that the broker's future recommendations will be profitable
  4. DReplace BrokerCheck review with the customer's margin agreement
Why A is correct

BrokerCheck is an investor education and disclosure resource for reviewing broker and firm registration and disclosure information at a high level.

scenario · medium · analyze

A brokerage firm employee performs clerical work and does not solicit securities transactions. Another employee accepts orders and discusses securities recommendations with customers. Which distinction is most relevant?

  1. AThe clerical employee is the issuer, while the order-taking employee is a municipal fund security
  2. BBoth employees are treated as market makers because they work at the same firm
  3. CThe customer decides which employee is registered by signing the account statement
  4. DThe second employee's securities activities are more likely to require registration than purely clerical workcorrect
Why D is correct

Associated-person registration requirements depend on activities. Soliciting or accepting securities business is more likely to require registration than purely clerical or ministerial work.

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FAQ

Registration and Continuing Education questions

Who files Form U4?

The member firm files it on behalf of the associated person. The individual supplies the information and signs, but the firm submits it.

What is Form U5 for?

It reports the termination of an associated person. The firm must file it within 30 days and must amend it if it later learns something that makes the original filing inaccurate.

What is the difference between Regulatory and Firm Element CE?

Regulatory Element is the standardised computer-based programme FINRA requires; Firm Element is the annual training a firm designs for its own covered registered persons.
Last reviewed 2026-08-28. Exam facts sourced to FINRA’s SIE exam page and the FINRA SIE content outline. Question counts describe the PrepScore bank, not the exam.
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