Hiring new representatives: what they must hold, and free SIE study.

• A current SIE pass. If four or more years have passed since the later of the day they passed it and the day their last representative registration ended, they must pass the SIE again.^1,4,5
• An appropriate representative-level exam, which your firm sponsors.^1,2,5
• A Form U4 filed by your firm through CRD, with Social Security number and fingerprints.³

Candidates can pass the SIE before you hire them. Enrollment details must match the Form U4 exactly, or the result may not import into CRD.^4,5

• Regulatory Element continuing education every year by December 31, starting the year after first registration.⁶
• A missed Regulatory Element makes the registration inactive; two years inactive ends it.⁶
• Your firm’s Firm Element program: an annual needs review and a written training plan.⁶
• Keep the Form U4 current, generally within 30 days of a change.³

A representative unregistered for two or more years must pass the representative exam again. One who leaves after at least a year can keep the qualification for up to five years through the Rule 1240(c) continuing education program.^1,6

• Lessons, original practice questions with a reason for every answer, timed practice forms, section checks, flashcards and a glossary, all mapped to FINRA’s four SIE sections.
• No account needed. A candidate’s study record stays on their device unless they choose to sign in and sync.
• No firm dashboard and no reporting to employers. Each learner owns their own record.

This is general information, not compliance or legal advice. Exemplar Prep is independent, has no partnership with any firm, and is not affiliated with FINRA. Using it implies no endorsement in either direction.