FINRA Practice SIE Exam Questions and Answers 100% Pass
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Course
FINRA Practice SIE
Institution
FINRA Practice SIE
FINRA Practice SIE Exam Questions and
Answers 100% Pass
How is the redemption value of shares in an open-end mutual fund determined?
- Based on the price offered previously
- From the previous day’s net asset value (NAV)
- According to the NAV calculated after the request is processed
-...
1 FINRA Practice SIE Exam Questions and Answers 100 % Pass How is the redemption value of shares in an open -end mutual fund determined? - Based on the price offered previously - From the previous day’s net asset value (NAV) - According to the NAV calculated after the request is processed - Set by the offering price calculated after the request - ✔✔Determined by the NAV calculated after the request is processed On what basis are the dollar prices and accrued interest of municipal bonds generally computed? - 30 days/365 days - Actual/360 days - Actual/365 days - 30 days/360 days - ✔✔30 days/360 days Who oversees the regulations for blue -sky laws, which protect investors at the state level? - Securities and Exchange Commission (SEC) 2 - Municipal Securities Rulemaking Board (MSRB) - Financial Industry Regulatory Authority (FINRA) - State -level securities authorities - ✔✔State -level securities authorities Which type of security usually has the longest time frame until maturi ty when first issued? - Rights - Options - Warrants - Repurchase agreements - ✔✔Warrants What is the standard settlement period for Treasury Bonds? - On the same day - The following business day - Two business days later - Five business days later - ✔✔The following business day 3 If a firm promises to repurchase shares at their original price to facilitate a large sale to customers, how is this practice viewed? - It is deemed fraudulent and manipulative - It is allowed if the shares are held in escrow - It is acceptable if the firm immediately allocates funds for repurchase - It is permissible if clients can sell the shares on the open market - ✔✔It is deemed fraudulent and manipulative According to SEC S -P rules, what must be included in a company’s customer privacy notice? - The URL of the firm’s website - The fee to opt out of the privacy protection - The deadline for opting out of the privacy program - The measures taken t o protect nonpublic information - ✔✔The measures taken to protect nonpublic information UTMA accounts are opened un der the tax ID number of the: minor
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