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SIE Practice Test 2 (2026): 55 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 2: 55 brand-new original questions for FINRA's Securities Industry Essentials exam, every answer explained, none repeated from our first 75-question SIE practice test. Weighted like FINRA's content outline: Capital Markets (9 questions: transfer agents, designated market makers, intrastate offerings, Rule 144A, the green shoe, the MSRB, real GDP, defensive stocks, disinflation), Products and Their Risks (24: preemptive rights, treasury stock, systematic and liquidity risk, put breakevens, naked calls, put writers, intrinsic and time value, European options, 529 plans, leveraged ETFs, 12b-1 fees, discount bond yields, tax-equivalent yield, Treasury taxation, commercial paper, zero-coupon phantom income, share classes, letters of intent, forward pricing, annuity payouts), Trading, Customer Accounts and Prohibited Activities (17: buy stops, buy limits, Reg SHO locates, day orders, cash settlement, margin equity, CIP, time-and-price discretion, wash sales, stepped-up basis, holding periods, IRA penalties, SEP IRAs, spoofing, SAR confidentiality, selling away) and the Regulatory Framework (5: statutory disqualification, U4 amendments, the $300 gift limit, the Regulatory Element, the two-year qualification window). As of October 2026, per FINRA: 85 questions (75 scored plus 10 unscored pretest), 1 hour 45 minutes, a scaled score of 70 to pass, 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. The gift limit rose to $300 on March 30, 2026, and stock settlement is T+1. Our 42-of-55 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
Video: SIE capital markets, 15 practice questions
Video: SIE economics, 15 practice questions
Free SIE practice questions
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SIE study plan
Free practice questions, study guides and cheat sheets, no signup

Chapters
0:00 SIE practice test 2
1:33 Section 1: Capital Markets: Questions 1 to 9
8:07 Section 2, Part 1: Stocks, Options & Risk: Questions 10 to 21
16:37 Section 2, Part 2: Bonds, Funds & Annuities: Questions 22 to 33
24:46 Section 3: Trading, Accounts & Prohibited Activities: Questions 34 to 50
36:18 Section 4: Regulatory Framework: Questions 51 to 55
39:50 Score yourself

Exam facts are from the official FINRA pages as of 2026-10-23. 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
"Carefree" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
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"Reminiscing" 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
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"Fresh Air" 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.

Images
nyse: "New York Stock Exchange August 2017 04" by Arild Vågen, CC BY-SA 4.0, via Wikimedia Commons commons.wikimedia.org/wiki/File:New_York_Stock_Exchange_August_2017_04.jpg
wallst: "Wall Street Sign April 2022" by Kidfly182, CC BY-SA 4.0, via Wikimedia Commons commons.wikimedia.org/wiki/File:Wall_Street_Sign_April_2022.jpg

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