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.