SIE Lesson 4 | American Financial Institutions & Market Participants Explained! скачать в хорошем качестве

SIE Lesson 4 | American Financial Institutions & Market Participants Explained!

Welcome to Lesson 4 of the Securities Industry Essentials (SIE) Masterclass. In this lesson, we break down the structure of financial institutions and market participants within the U.S. securities industry. Understanding who operates within the system — and how capital flows between them — is critical for passing the FINRA SIE exam. You will learn: • Commercial banks vs investment banks • Broker-dealers and market makers • Insurance companies and pension funds • Investment companies and hedge funds • Clearing firms and settlement systems • Institutional vs retail investors • How liquidity is maintained in the markets • Where systemic risk can arise This lesson builds directly into: • Equity securities • Debt securities • Trading mechanics • Clearing and settlement • Regulatory oversight The SIE tests structural clarity — not investing opinions. You must understand who does what, how they earn revenue, and what risks they introduce into the system. Follow the full SIE Masterclass playlist for structured, exam-first preparation.