The SIE exam consists of 75 multiple-choice questions, each with four options, plus 10 unscored questions with topics ranging from knowledge of capital markets, understanding products and their risks, understanding trading, customer accounts, and prohibited activities, and an overview of the regulatory framework. The exam is administered by the Financial Industry Regulatory Authority (FINRA). Advisors have 105 minutes to complete the exam and must score a minimum of 70% to pass.