Which of the following statements is true regarding an individual who has passed the Securities Industry Essentials (SIE) Exam?

The SIE Exam alone does not authorize an individual to solicit or engage in securities business. This activity requires additional qualification through further exams and registration with a FINRA-member firm, which is not achieved by passing the SIE alone.

Filing Form U4, which is necessary for registering with FINRA, typically requires sponsorship by a FINRA-member firm. An individual who has only passed the SIE Exam cannot file this form independently; they must be associated with a firm that will sponsor their registration.

Passing the SIE Exam does not complete the registration requirement with FINRA. It is merely a pre-requisite and does not replace the necessity of passing an additional qualification exam that corresponds with the specific role the individual intends to pursue within the securities industry.