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SIE Capital Markets: Primary vs Secondary Markets (15 Practice Questions)

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

Capital markets is Section 1 of FINRA's SIE content outline: 16% of the exam, about 12 of the 75 scored questions (as of October 2026). A two-minute lesson on primary vs secondary markets, IPOs and follow-on offerings, firm commitment vs best efforts underwriting, the four markets, Regulation D, Regulation A and Rule 144, then 15 practice questions with every answer explained.

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Chapters
0:00 Capital Markets on the SIE
0:36 Primary vs Secondary
1:18 How Underwriting Works
2:02 The Four Markets
2:34 Exempt Offerings
3:19 Questions 1 to 5
5:44 Questions 6 to 10
8:28 Questions 11 to 15
10:57 Recap

Exam facts are from the official FINRA pages as of 2026-10-20. 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
creativecommons.org/licenses/by/4.0

"Carefree" 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
creativecommons.org/licenses/by/4.0

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

Sound effects: Kenney (kenney.nl), CC0.

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