SIE (Securities Industry Essentials) Practice Exam 2025 - Free SIE Practice Questions and Study Guide

Question: 1 / 400

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

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.

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The candidate will be banned from retaking the exam

The candidate automatically passes

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