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SIE Practice Test 3 (2026): 60 New Questions With Explained Answers

Audio from the Open Exam Hub video of the same name; the video shows the numbers and practice questions on screen.

SIE practice test 3: 60 brand-new original questions for FINRA's Securities Industry Essentials exam, every answer explained, none repeated from our 75-question SIE practice test 1 or our 55-question practice test 2. Weighted like FINRA's content outline: Capital Markets (10 questions: clearing brokers, the DTCC, the fourth market, municipal advisors, fiscal versus monetary policy, the business cycle, lagging indicators, the discount rate, exchange rates, SIPC), Products and Their Risks (26: warrants, ADRs, liquidation order, Form 144, call profit, covered call breakeven, index option settlement, the Options Disclosure Document, in-the-money options, political risk, rebalancing, hedge funds, mortgage REITs, current yield, accrued interest, triple tax-free municipals, revenue bonds, Treasury auctions, extension risk, FDIC limits, right of accumulation, the public offering price, redemption timing, annuity payout units, ABLE accounts, limited partnerships), Trading, Customer Accounts and Prohibited Activities (19: stop-limit orders, fill-or-kill, matched orders, short-sale dividends, the alternative uptick rule, total return, basis points, split cost basis, tender offers, freeriding, short margin, margin calls, tenants in common, UTMA gifts, the Roth five-year rule, OFAC, SARs, the T+1 ex-dividend date, reverse splits) and the Regulatory Framework (5: records retention, Regulation S-P, business continuity plans, FINRA arbitration eligibility, SIPC notices). As of October 2026, per FINRA: 75 scored multiple-choice questions plus 5 unscored pretest items (per FINRA's 2025 content outline), 1 hour 45 minutes, a scaled passing score of 70 and a $100 fee. Sections: Capital Markets 16%, Products and Their Risks 44%, Trading, Customer Accounts and Prohibited Activities 31%, Regulatory Framework 9%. Retake waits are 30 days after a first or second failed attempt and 180 days after a third, dropping to 15 and 60 days from January 19, 2027. Our 45-of-60 target is a planning estimate, not a FINRA rule. Questions are original, not real exam questions. Not affiliated with FINRA.

Full guide
Video: SIE Practice Test 1, 75 questions
Video: SIE Exam in 12 Minutes (2026): everything you need
Video: SIE exam explained: format, passing score, fee
Video: SIE formulas and numbers cram
Free SIE practice questions
SIE cheat sheet
SIE study plan
Open Exam Hub: free exam prep
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Chapters
0:00 SIE practice test 3
1:38 Section 1: Capital Markets: Questions 1 to 10
7:41 Section 2, Part 1: Stocks, Options & Risk: Questions 11 to 23
15:20 Section 2, Part 2: Bonds, Funds & Annuities: Questions 24 to 36
23:27 Section 3: Trading, Accounts & Prohibited Activities: Questions 37 to 55
34:36 Section 4: Regulatory Framework: Questions 56 to 60
37:26 Score yourself

Exam facts are from the official FINRA pages as of 2026-10-25. Fees and rules can change, so confirm on the official site before you enroll. Open Exam Hub is an independent study resource, not affiliated with FINRA. Practice questions are not from a real exam. Narration is an AI-generated voice.

Music
"Fresh Air" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
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"Carefree" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
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"Almost Bliss" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
creativecommons.org/licenses/by/4.0

"Reminiscing" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
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"Friday Morning" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
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Sound effects: Kenney (kenney.nl), CC0.

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