PrepScore Reviews & Pass-Rate Transparency
We're honest about results. We don't invent pass rates and we don't post reviews we paid for or made up. FINRA itself doesn't publish an official SIE pass rate (the figure most cited is ~74% first-time, from 2019). As we accumulate data, we'll publish our own pass numbers with the methodology stated — and real student reviews will appear here as they come in.
Most "reviews and pass rate" pages exist to sell you with five-star averages and a big "98% pass" badge. We're deliberately doing the opposite. PrepScore is a new platform, and the most valuable thing we can offer on a page like this is the truth about what we do and don't yet have. If a number isn't real and measurable, you won't find it here.
Our stance on reviews and pass rates
Simple commitment: we will never fabricate a review, a star rating, or a pass-rate statistic. No bought testimonials, no original "students," no rounded-up "pass rate" pulled from thin air. Trust is the product in test prep — if we'd lie about our results, you couldn't trust our explanations either. So when this page shows a number or a quote, it will be a real one, with its source and date attached.
Why we don't quote a fake pass rate
It's tempting to slap a "97% pass rate" on the homepage. We won't, for two reasons. First, we don't yet have a large enough sample of completed-student outcomes to report anything statistically honest. Second, even the exam's own benchmark is murky: FINRA does not publish an ongoing official SIE pass rate. The number you'll see quoted around the web — about a 74% first-time pass rate — reflects FINRA data reported in 2019. It's a useful gut-check, but it's an unofficial, dated estimate, not a current official figure, and we always label it that way. Inventing a prep-provider pass rate on top of an already-fuzzy official one would just compound the fiction.
How we'll report outcomes
When we have enough data to report honestly, here's the methodology we'll hold ourselves to — stated in plain sight, every time:
- A clear definition — exactly what counts as a "pass," and which students are included (for example, those who completed a defined amount of prep before testing).
- The sample size — how many students the number is based on, so you can judge whether it's meaningful.
- The date range — the window the data covers, because a rate from one cohort isn't a permanent promise.
- Honest limits — self-reported outcomes have bias, and past results never guarantee your result. We'll say so.
Until those conditions are met, we'd rather report nothing than report something we can't defend. You can see how we present exam facts today on our SIE pass rate page and in our prep course overview.
Real student reviews
Here's the honest status: PrepScore is early, and genuine reviews are still accumulating. We'd rather show an empty space than fill it with testimonials we wrote ourselves. As real students share their experience, their words will appear on this page — attributed and unedited in substance. No stock photos with invented names, no five-star wall that materialized overnight.