SIE Exam Questions & Answers 2023/2024
Issuers are required to provide to FINRA notice of stock splits and stock dividends (when) - ANSWER-at least 10 days prior to the record date
Credit items in computation of balance of trade - ANSWER-exports, foreign spending in the domestic economy and f...
SIE Exam Questions & Answers
2023/2024
Issuers are required to provide to FINRA notice of stock splits and stock dividends (when) - ANSWER-at
least 10 days prior to the record date
Credit items in computation of balance of trade - ANSWER-exports, foreign spending in the domestic
economy and foreign investments in the domestic economy
Debit items in computation of the balance of trade - ANSWER-imports, foreign aid, domestic spending
abroad and domestic investments abroad
The minimum maintenance requirement for a short margin account is - ANSWER-30%
The disclosure document that identifies risks of option positions and must be given to customers as part
of the new account process is the - ANSWER-options disclosure document
Rules for traditional IRAS - ANSWER-Maximum contribution is $6,000, allows catch-up contributions of
$1,000 for individuals aged 50+, withdrawals can begin after investor reaches 59.5 years old
A registered representative has become deficient in making timely payments on his credit card, resulting
in a reduced credit standing. This activity must be - ANSWER-reported to the compliance department of
the firm
The Firm Element of Continuing Education must be completed by all - ANSWER-covered registered
persons
Once retired, may a previously registered representative receive commissions from accounts that were
opened while they were working? - ANSWER-Yes, if a written agreement is in place between the two
parties
, FINRA members must retain records of all retail communications, including principal reviews and
approvals for how long? - ANSWER-3 years
What type of bond carries the greatest amount of inflation risk? - ANSWER-Treasury bond
How are municipal securities treated tax-wise? - ANSWER-Capital gains are fully taxable, interest
payments are generally tax-free at the federal level
A selling agreement with the issuing company is required for the distribution of - ANSWER-open end
company shares only
The price at which a fund sponsor sells mutual fund shares to the public is the - ANSWER-public offering
price
An investment company where the purchase and redemption price are the same is a - ANSWER-no-load
fund
A share of a growth fund as a POP of $5 and NAV of $5.25. This is a - ANSWER-closed end company share
REITS issues what types of securities - ANSWER-common stock, preferred stock, and debt securities
Which REITS generate revenues from interest income? - ANSWER-mortgage REITS and hybrid REITS
A general partner in a limited partnership may engage in - ANSWER-making all investment decisions on
behalf of the partnership
At exercise, a customer is obligated to buy a stock in which position? - ANSWER-Short put
What is the best way to describe an investor's profit potential when WRITING a call option? - ANSWER-
limited to the premium received
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
