FINRA SIE EXAM QUESTIONS & Answers. Examinable Quizzes with correct answers. The redemption value o

Document Content and Description Below

FINRA SIE EXAM QUESTIONS & Answers. Examinable Quizzes with correct answers. The redemption value of an open-ended investment company's shares is based on the: - ✔✔Net assets value computed... after the order is received An associated person who is not a registered representative is permitted to engage in which of the following activities? - ✔✔Provide account opening forms to a new customer A decline in the gross domestic product (GDP) must last for at least how many quarters to be considered a recession? - ✔✔2 quarters When is interest on Treasury notes paid? - ✔✔Semiannually Which of the following communications with the public is considered misleading? - ✔✔Literature providing 10-year performance information to support predictions of future performance Which of the following stakeholders has first claim priority in a chapter 11 proceeding? - ✔✔Secured debt holders The last transaction in xyz 5.50s 2030 was at 102. This bond is selling at: - ✔✔A premium All of the following risks apply to both foreign and domestic debt instruments except: - ✔✔Exchange Under FINRA rules, which of the following activities by a registered representative require written notification to her firm? - ✔✔Driving part time for a transportation network company on weekends Which of the following investment risks is the greatest risk in a variable life insurance policy? - ✔✔Market risk Which of the following products is adversely impacted if the issuer's credit rating is downgraded? - ✔✔Exchange-traded notes (ETNs) Which of the following forms U4 reportable events results in a statutory disqualification? - ✔✔A felony conviction for a driving under the influence (DUI) charge In the event of a stock split, which of the following parties is required to maintain a record of the shareholders eligible to receive the additional shares? - ✔✔Transfer agent A firm is a participant in a public offering. To sell a substantial amount of the securities to its customers, the firm agrees to repurchase the shares at no less than the original sales price. Such agreements are: - ✔✔Prohibited as fraudulent and manipulative At the time of issuance, which of the following securities normally has the longest period to expiration? - ✔✔Warrants The call provision of a bond stipulates which of the following factors? - ✔✔Call date and call price A customer buys 1 abc Jan 35 put for a premium of $3 and simultaneously buys 100 shares of abc stock for $35 per share. The customer will break even when the stock is selling at what price per share at expiration? - ✔✔$38 FinCEN accomplishes its mission to safeguard the financial system from the abuses of financial crime, including terrorist financing and money laundering, by enforcing: - ✔✔The Bank Secrecy Act Under SEC regulation S-P (consumer privacy), which of the following information must a firm include in its customer privacy and opt-out notices? - ✔✔The policies to protect the security of nonpublic information In which of the following situations is an employee of a public company permitted to trade upon information without violating insider trading laws? - ✔✔An independent securities analyst explians to the employee why the earnings for the company next quarter could be markedly poorer than expected Which of the following statements is true regarding the concept of an annuity contract? - ✔✔The kind of annuity selected partlyt determines the payment amounts to the annuitant. Blue-sky laws are regulated by which of the following entities? - ✔✔State-securities regulators A registered representative is reviewing the following portfolio: -30% ABC Energy Company -30% XYX Health Care Company -30%d Exchange-traded fund (tracks the S&P 500) -10% Money market funds Which of the following risks is inherent in this portfolio? - ✔✔Nonsystematic A married couple who earned income that exceeded $300,000 in each of the prior two years and reasonably expects the same for the current year is: - ✔✔An accredited investor Under a system of statutory voting, a common stockholder has as many votes for each vacancy on the board of directors as the number of: - ✔✔Shares owned by the stockholder Under Federal Reserve Regulation T, a 90 day restriction is imposed when a customer opens and closes which of the following positions? - ✔✔The same stock in a cash account without paying for the stock in full In the over-the-counter market, the term "spread" referees to the difference between the: - ✔✔Bid and asked prices Direct participation programs (Dpps) provide: - ✔✔Exposure to non-correlated assets with steady returns A savings account at a bank is guaranteed by which of the following entities? - ✔✔FDIC No-load mutual funds may have lower expense ratios than load mutual funds for which of the following reasons? - ✔✔They are not permitted to charge a 12b-1 fee greater than 25 basis points Which of the following outcomes are possible for the writer of a covered call option? - ✔✔Profit limited and loss limited A customer has a cash balance in her account togethe [Show More]

Last updated: 1 year ago

Preview 1 out of 8 pages