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SIE TESTS COMPILATION BUNDLE
SIE TESTS COMPILATION BUNDLE
[Meer zien]SIE TESTS COMPILATION BUNDLE
[Meer zien]Section 1: Knowledge of Capital Markets Correct Answer: 
 
The SEC 
purpose/mission 
when created 
jurisdiction 
authority Correct Answer: protect investos, maintin fair orderly & efficient markets, facilitate capital formation 
 
by congress in 1934 
 
US federal government 
 
enforce federal s...
Voorbeeld 4 van de 41 pagina's
In winkelwagenSection 1: Knowledge of Capital Markets Correct Answer: 
 
The SEC 
purpose/mission 
when created 
jurisdiction 
authority Correct Answer: protect investos, maintin fair orderly & efficient markets, facilitate capital formation 
 
by congress in 1934 
 
US federal government 
 
enforce federal s...
A customer writes an MMM January 70 put at 6. The maximum potential gain on this position is correct answer: 600 
 
Your customer is long 1 October 75 put at 2. The customer's maximum gain potential is correct answer: 7300 
 
Large time deposits of more than $100,000 are considered to be found in...
Voorbeeld 2 van de 13 pagina's
In winkelwagenA customer writes an MMM January 70 put at 6. The maximum potential gain on this position is correct answer: 600 
 
Your customer is long 1 October 75 put at 2. The customer's maximum gain potential is correct answer: 7300 
 
Large time deposits of more than $100,000 are considered to be found in...
Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? correct answer: Statutory voting 
 
What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allo...
Voorbeeld 2 van de 12 pagina's
In winkelwagenWhich corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? correct answer: Statutory voting 
 
What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allo...
The Securities & Exchange Commission (SEC) was created by Congress in 
 
A 1929 
 
B 1933 
 
C 1934 
 
D 1940 correct answer: 1934 
 
The Act of '34 created the SEC. 
 
The term 'disclaimer' is most often associated with 
 
 
A The fact that no agent can guarantee a customer against loss 
 
 
B ...
Voorbeeld 3 van de 29 pagina's
In winkelwagenThe Securities & Exchange Commission (SEC) was created by Congress in 
 
A 1929 
 
B 1933 
 
C 1934 
 
D 1940 correct answer: 1934 
 
The Act of '34 created the SEC. 
 
The term 'disclaimer' is most often associated with 
 
 
A The fact that no agent can guarantee a customer against loss 
 
 
B ...
A common shareholder is not entitled to: correct answer: Appoint officers of the corporation 
 
Which of the following statements is TRUE concerning electronic communication networks (ECNs) correct answer: They can be used by investors who want to trade anonymously 
 
Which of the following invest...
Voorbeeld 4 van de 41 pagina's
In winkelwagenA common shareholder is not entitled to: correct answer: Appoint officers of the corporation 
 
Which of the following statements is TRUE concerning electronic communication networks (ECNs) correct answer: They can be used by investors who want to trade anonymously 
 
Which of the following invest...
A corporation can avoid registration requirements in the issuance of securities by engaging in a price placement under correct answer: Regulation D 
 
All of the Following are difference between qualified and non qualified retirement plans EXCEPT correct answer: - IRS approval requirement 
- TAXAT...
Voorbeeld 4 van de 58 pagina's
In winkelwagenA corporation can avoid registration requirements in the issuance of securities by engaging in a price placement under correct answer: Regulation D 
 
All of the Following are difference between qualified and non qualified retirement plans EXCEPT correct answer: - IRS approval requirement 
- TAXAT...
Which of the following statements is true regarding the concept of an annuity contract? 
 
a) Payouts of an investment in a nonqualified annuity are all income tax-free 
b) The kind of annuity selected partly determines the payment amounts to the annuitant 
c) In the case of life annuity contracts, ...
Voorbeeld 3 van de 20 pagina's
In winkelwagenWhich of the following statements is true regarding the concept of an annuity contract? 
 
a) Payouts of an investment in a nonqualified annuity are all income tax-free 
b) The kind of annuity selected partly determines the payment amounts to the annuitant 
c) In the case of life annuity contracts, ...
Which of the following activities is NOT performed by a transfer agent? correct answer: Maintaining the issuer's ownership register for each issuance of securities 
 
For the buyer of an option, the premium paid is considered the: correct answer: Maximum risk 
 
Which of the following is NOT a ty...
Voorbeeld 2 van de 13 pagina's
In winkelwagenWhich of the following activities is NOT performed by a transfer agent? correct answer: Maintaining the issuer's ownership register for each issuance of securities 
 
For the buyer of an option, the premium paid is considered the: correct answer: Maximum risk 
 
Which of the following is NOT a ty...
The Securities & Exchange Commission (SEC) was created by Congress in correct answer: 1934 
 
The term 'disclaimer' is most often associated with correct answer: The fact that the government cannot guarantee the accuracy of the information in a prospectus 
 
In most cases, Federal Securities Law...
Voorbeeld 1 van de 4 pagina's
In winkelwagenThe Securities & Exchange Commission (SEC) was created by Congress in correct answer: 1934 
 
The term 'disclaimer' is most often associated with correct answer: The fact that the government cannot guarantee the accuracy of the information in a prospectus 
 
In most cases, Federal Securities Law...
U.S. government's long-term debt instrument having maturities of 10 years and up to 30 years correct answer: treasury bonds 
 
All U.S. government issues are delivered in correct answer: book entry 
 
an investor holding a corporate-issued mortgage bond is secured by correct answer: real estate ...
Voorbeeld 2 van de 8 pagina's
In winkelwagenU.S. government's long-term debt instrument having maturities of 10 years and up to 30 years correct answer: treasury bonds 
 
All U.S. government issues are delivered in correct answer: book entry 
 
an investor holding a corporate-issued mortgage bond is secured by correct answer: real estate ...
An individual who has been previously registered with another firm is applying for registration with a new member firm. The new member firm has requested the Form U5 from the applicant. Within how many days must the applicant provide the Form U5 from his previous registration? correct answer: 2 bus...
Voorbeeld 3 van de 17 pagina's
In winkelwagenAn individual who has been previously registered with another firm is applying for registration with a new member firm. The new member firm has requested the Form U5 from the applicant. Within how many days must the applicant provide the Form U5 from his previous registration? correct answer: 2 bus...
Distributions from IRAs are taxed at correct answer: ordinary income tax rates on the full amount of the distribution. 
 
Regarding transferability for common shares, which of the following is true? correct answer: Shares can be sold or given away without the permission of the corporation. 
 
Duri...
Voorbeeld 2 van de 5 pagina's
In winkelwagenDistributions from IRAs are taxed at correct answer: ordinary income tax rates on the full amount of the distribution. 
 
Regarding transferability for common shares, which of the following is true? correct answer: Shares can be sold or given away without the permission of the corporation. 
 
Duri...
Which of the following investments is the MOST suitable for a person who is interested in aggressive growth? 
 
1) Common Stock 
2) High-Yield Bond Fund 
3) Preferred Stock 
4) High-rated Bond correct answer: A: 1) Common Stock 
 
*Of the choices listed, common stock has historically provided the g...
Voorbeeld 4 van de 47 pagina's
In winkelwagenWhich of the following investments is the MOST suitable for a person who is interested in aggressive growth? 
 
1) Common Stock 
2) High-Yield Bond Fund 
3) Preferred Stock 
4) High-rated Bond correct answer: A: 1) Common Stock 
 
*Of the choices listed, common stock has historically provided the g...
all of the following accounts are for unincorporated business except: 
sole proprietorship accounts 
corporate accounts 
partnership accounts 
limited liability company accounts correct answer: corporate accounts - corporations are incorporated 
 
In an irrevocable trust may or must do which of the...
Voorbeeld 3 van de 25 pagina's
In winkelwagenall of the following accounts are for unincorporated business except: 
sole proprietorship accounts 
corporate accounts 
partnership accounts 
limited liability company accounts correct answer: corporate accounts - corporations are incorporated 
 
In an irrevocable trust may or must do which of the...
A client entering a sell limit order at 43 would accept which of the following trades? 
 
A) 42.90 
B) 42.50 
C) 42 
D) 44 correct answer: D) 44 
 
A customer has an account with a broker-dealer who provides a group of services, such as asset allocation, portfolio management, trade executions, and ...
Voorbeeld 2 van de 13 pagina's
In winkelwagenA client entering a sell limit order at 43 would accept which of the following trades? 
 
A) 42.90 
B) 42.50 
C) 42 
D) 44 correct answer: D) 44 
 
A customer has an account with a broker-dealer who provides a group of services, such as asset allocation, portfolio management, trade executions, and ...
A registered principal or RR must retake the qualifying exam if his or her registration has been revoked or terminated for a period of ________ or more. 
a. 1 year 
b. 2 years 
c. 3 years 
d. 4 years correct answer: b. 2 years 
 
An options contract that gives the holder the right to purchase the ...
Voorbeeld 2 van de 6 pagina's
In winkelwagenA registered principal or RR must retake the qualifying exam if his or her registration has been revoked or terminated for a period of ________ or more. 
a. 1 year 
b. 2 years 
c. 3 years 
d. 4 years correct answer: b. 2 years 
 
An options contract that gives the holder the right to purchase the ...
Each member broker-dealer is required to have a principal executive monitoring the firm's adherence to SRO as well as State and Federal laws and regulations, known as the firm's 
A 
CEO 
B 
CCO 
C 
COO 
D 
Business Continuity contact person correct answer: B 
CCO 
 
CCO = Chief Compliance Officer...
Voorbeeld 3 van de 29 pagina's
In winkelwagenEach member broker-dealer is required to have a principal executive monitoring the firm's adherence to SRO as well as State and Federal laws and regulations, known as the firm's 
A 
CEO 
B 
CCO 
C 
COO 
D 
Business Continuity contact person correct answer: B 
CCO 
 
CCO = Chief Compliance Officer...
A registered person who fails to complete the Regulatory Element of the industry's Continuing Education Program will 
[A] have his registration suspended until the program is completed.* 
[B] be able to perform only a limited number of registered duties. 
[C] be required to re-take the license exam...
Voorbeeld 4 van de 44 pagina's
In winkelwagenA registered person who fails to complete the Regulatory Element of the industry's Continuing Education Program will 
[A] have his registration suspended until the program is completed.* 
[B] be able to perform only a limited number of registered duties. 
[C] be required to re-take the license exam...
Which of the following statements is TRUE concerning periodic payment variable annuities? 
 
A. A client's number of annuity units never changes 
B. A client's number of accumulation units never changes 
C. Annuity contracts never have a beneficiary 
D. The monthly payout is fixed by the inflation...
Voorbeeld 4 van de 34 pagina's
In winkelwagenWhich of the following statements is TRUE concerning periodic payment variable annuities? 
 
A. A client's number of annuity units never changes 
B. A client's number of accumulation units never changes 
C. Annuity contracts never have a beneficiary 
D. The monthly payout is fixed by the inflation...
401(k) Early Withdrawal correct answer: An individual who is over 55 and separated from work may take an early distribution from their 401(k) plan from their LAST employer. They would NOT be able to access funds from any 401(k) plans from previous employers. For those, the usual 59.5 age applies. 
...
Voorbeeld 2 van de 10 pagina's
In winkelwagen401(k) Early Withdrawal correct answer: An individual who is over 55 and separated from work may take an early distribution from their 401(k) plan from their LAST employer. They would NOT be able to access funds from any 401(k) plans from previous employers. For those, the usual 59.5 age applies. 
...
purpose of securities industry correct answer: matching investors with money to issuers that need that money to finance 
 
issuer correct answer: legal entity that sells securities in order to finance its operations (business, governments) ie. us treasury, us gov agencies, foreign governments, sta...
Voorbeeld 4 van de 237 pagina's
In winkelwagenpurpose of securities industry correct answer: matching investors with money to issuers that need that money to finance 
 
issuer correct answer: legal entity that sells securities in order to finance its operations (business, governments) ie. us treasury, us gov agencies, foreign governments, sta...
What type of risk is unique to a specific industry, business enterprise, or investment type? correct answer: Nonsystematic risk 
 
Under which of the following circumstances is an investor in a position to acquire stock? correct answer: Buy a call, sell a call (The holder of a call has the right t...
Voorbeeld 4 van de 46 pagina's
In winkelwagenWhat type of risk is unique to a specific industry, business enterprise, or investment type? correct answer: Nonsystematic risk 
 
Under which of the following circumstances is an investor in a position to acquire stock? correct answer: Buy a call, sell a call (The holder of a call has the right t...
To offer its shareholders a privilege to obtain its shares at a fixed price, which of the following product does a corporation issue? correct answer: Rights 
 
A customer has a cash balance in her account together with long positions in several securities. She has made no securities transactions in...
Voorbeeld 2 van de 5 pagina's
In winkelwagenTo offer its shareholders a privilege to obtain its shares at a fixed price, which of the following product does a corporation issue? correct answer: Rights 
 
A customer has a cash balance in her account together with long positions in several securities. She has made no securities transactions in...
a company announces a tender offer to its shareholders with the intent to buy a maximum of 1 million shares of its outstanding stock at $10 per share and sets no minimum of shares to be purchased. An investor wants to participate in this offer and tenders his 1000 share position. At the close of the...
Voorbeeld 3 van de 26 pagina's
In winkelwagena company announces a tender offer to its shareholders with the intent to buy a maximum of 1 million shares of its outstanding stock at $10 per share and sets no minimum of shares to be purchased. An investor wants to participate in this offer and tenders his 1000 share position. At the close of the...
Business Cycle Order correct answer: Expansion, Peak, Contraction, Trough 
 
Notice Filing correct answer: A method of registering securities at the state level that is only for Federal Covered Securities 
 
Downturns in the business cycle or economic contractions are characterized by all of the f...
Voorbeeld 3 van de 22 pagina's
In winkelwagenBusiness Cycle Order correct answer: Expansion, Peak, Contraction, Trough 
 
Notice Filing correct answer: A method of registering securities at the state level that is only for Federal Covered Securities 
 
Downturns in the business cycle or economic contractions are characterized by all of the f...
when a broker dealer charges a commission on a securities transaction, he is acting as: correct answer: an agent 
 
in the event of a stock split, who maintains a record of the shareholders eligible to receive additional shares? correct answer: transfer agent 
 
an associated person who is not a r...
Voorbeeld 2 van de 13 pagina's
In winkelwagenwhen a broker dealer charges a commission on a securities transaction, he is acting as: correct answer: an agent 
 
in the event of a stock split, who maintains a record of the shareholders eligible to receive additional shares? correct answer: transfer agent 
 
an associated person who is not a r...
What is a "market, not-held" order? correct answer: Customer allows the rep to use her own judgement as to the price and time at which the transactions will be executed 
 
What is the taxation for non-qualified variable annuities? correct answer: - Growth distributions are taxed 
 
How do you ca...
Voorbeeld 3 van de 19 pagina's
In winkelwagenWhat is a "market, not-held" order? correct answer: Customer allows the rep to use her own judgement as to the price and time at which the transactions will be executed 
 
What is the taxation for non-qualified variable annuities? correct answer: - Growth distributions are taxed 
 
How do you ca...
Regular Way Settlement for Equities correct answer: T + 2 
 
The First Day that a Buyer Buys Stock Without a Dividend correct answer: Ex-Dividend date 
 
The Last Day a Buyer Can Buy Stock and Receive the Dividend correct answer: business day before the ex-date 
 
When Ex-Dividend Date Happens Re...
Voorbeeld 4 van de 48 pagina's
In winkelwagenRegular Way Settlement for Equities correct answer: T + 2 
 
The First Day that a Buyer Buys Stock Without a Dividend correct answer: Ex-Dividend date 
 
The Last Day a Buyer Can Buy Stock and Receive the Dividend correct answer: business day before the ex-date 
 
When Ex-Dividend Date Happens Re...
Do the following Investment Companies/Products offer continuous share offering or fixed share counts? 
 
Mutual Funds 
Closed-End Funds 
UIT 
ETF correct answer: Mutual Funds: Continuous 
Closed-End Funds: Fixed 
UIT: Fixed 
ETF: Fixed 
 
What Term signifies that a share of common stock can be free...
Voorbeeld 4 van de 88 pagina's
In winkelwagenDo the following Investment Companies/Products offer continuous share offering or fixed share counts? 
 
Mutual Funds 
Closed-End Funds 
UIT 
ETF correct answer: Mutual Funds: Continuous 
Closed-End Funds: Fixed 
UIT: Fixed 
ETF: Fixed 
 
What Term signifies that a share of common stock can be free...
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