SIE Podcast Interview with Sahil Lavingia founder of Gumroad

Interview with Sahil Lavingia founder of Gumroad A few weeks ago I was invited to a dinner hosted by Sahil Lavingia founder of Gumroad. Being an early adopter of the Gumroad platform it was fascinating to hear the story directly from Sahil himself. I asked him if I could interview him for my podcasts and he generously agreed. While this interview has nothing to do with the securities industries essentials examination I hope you find it enjoyable and enlightening. As I said in the podcast I have just finished producing 74 lessons that now make up the new series 7 study guide audio lessons and I am looking for reviewers who would get a discount to $69.99 from the list price which will be $119.99. If you are interested in being a reviewer write me an e-mail to the e-mail address which is revealed in the podcast. Below are the links where Sahil reveals quite a bit more information about himself I found them enjoyable perhaps you will as well. https://medium.com/s/story/reflecting-on-my-failure-to-build-a-billion-dollar-company-b0c31d7db0e7 https://medium.com/@shl/from-bubble-to-bubble-21d86195e178   New Series 7 Exam and SIE Exam details. FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions. https://www.finra.org/industry/series7 However there is now a prerequisite before taking the new Series 7 Exam all candidates now must have passed the SIE exam (securities industry essentials exam). In addition thing a series 7 candidate must also have an industry sponsor in order to take the examination. https://www.finra.org/industry/essentials-exam “Securities Industry Essentials (SIE) Exam Available Beginning October 1, 2018 The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Key Features of the Essentials Exam ________________________________________ • The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. • Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. • Essentials exam results are valid for four years. The Essentials Exam at a Glance ________________________________________ Number of Items 75 Format Multiple Choice Duration 105 minutes Passing Score 70% Cost $60” Outline of SIE Exam: https://www.finra.org/sites/default/files/SIE%20Outline-01.12.18.pdf New Series 7 Exam “On or After October 1, 2018 The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function. Major Job Functions Percentage of Test Questions Number of Test Questions (F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9 (F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11 (F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91 (F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes,