SIE Lesson 2 | Overview of the U.S. Securities Industry (Primary vs Secondary Markets). скачать в хорошем качестве

SIE Lesson 2 | Overview of the U.S. Securities Industry (Primary vs Secondary Markets).

Welcome to Lesson 2 of the Securities Industry Essentials (SIE) Masterclass. In this lesson, we break down the structure of the U.S. securities industry — how capital flows, how markets function, and how regulators protect investors. This is foundational knowledge for the FINRA SIE exam. You will learn: • The purpose of capital markets • Primary vs secondary markets • How companies raise capital • The role of broker-dealers and investment banks • Exchanges vs OTC markets • Market makers and liquidity • The regulatory hierarchy (SEC and FINRA) • How investor protection is embedded into market structure The SIE does not test investing opinions. It tests your understanding of how the system works and how regulators maintain market integrity. This lesson builds the structural framework needed for: • Equity securities • Debt securities • Trading mechanics • Suitability questions • Regulatory framework sections If you want to pass the SIE with confidence, you must understand the industry map before mastering products. Follow the full SIE Masterclass playlist for structured, exam-first preparation.