SIE Test Date & Settlement Cycle Changes
I'm taking the SIE on May 28th. That date happens to be the exact date that new settlement cycle rules are coming into effect (T+1 settlement vs T+2). I've been learning on the old settlement cycle rules, but now I'm very concerned that the rules tested will reflect the new rules. I can't find any announcement from FINRA about the implications of this. Because this is such a major part of the exam, this could be a major SNAFU if I don’t know the correct rules.
The settlement questions came up a lot in my training, but can’t recall seeing any one the actual exam
I wouldn’t expect the exam to get updated that quickly for the new settlement rules. I had asked Knopman Marks about a change in accounting rules and its impact on the SIE (a while back now) and they told me to use the old rules which matched their textbook
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