SIE Exam Question 425: Answer and Explanation

Question: 425

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?

• A. The candidate will be required to pass the exam or wait for a 30-day wait period before a 5th attempt.
• B. The candidate will be told by FINRA that a one-year moratorium period will be put in place.
• C. The candidate will be given a more difficult version of the exam.
• D. The candidate will have to wait another six-months if the exam is failed on the 4th try.

Correct Answer: D

Explanation:

D: FINRA gives a candidate three tries before imposing a six-month waiting period. Each failure from the 4th failure on requires another six-month waiting period. Once you are finished, click the button below. Any items you have not completed will be marked incorrect.