100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
FINRA RULES EXAM QUESTIONS AND ANSWERS | 100% PASS $12.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Sie
  4.  
  5. Sie

Exam (elaborations)

FINRA RULES EXAM QUESTIONS AND ANSWERS | 100% PASS
 7 views  0 purchase
  • Course
  • Sie
  • Institution
  • Sie

FINRA RULES EXAM QUESTIONS AND ANSWERS | 100% PASS All of the following statements are true regarding the U.S. securities markets EXCEPT: A FINRA has regulatory authority over the markets and market participants in the trading of all non-exempt securities B the Federal Reserve Board decides ...

[Show more]

Preview 4 out of 80  pages

Document information

  • September 25, 2024
  • 80
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • finra rules exam questions and answers 100 pass

Written for

  • Sie
  • Sie

Seller

avatar-seller
EmillyCharlotte

Reviews received

Content preview

TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

FINRA RULES EXAM QUESTIONS AND
ANSWERS | 100% PASS

All of the following statements are true regarding the U.S. securities markets EXCEPT:

A

FINRA has regulatory authority over the markets and market participants in the trading

of all non-exempt securities

B

the Federal Reserve Board decides securities can be traded on margin

C

the Securities and Exchange Commission has regulatory authority over the securities

markets and its participants

D

the MSRB has regulatory authority over the markets and market participants in the

trading of all exempt securities - Answer✔️✔️-D

the MSRB has regulatory authority over the markets and market participants in the

trading of all exempt securities



The MSRB only regulates the trading of municipal bonds - not U.S. Government or

Agency bonds - so the statement that the MSRB regulates trading in all exempt

securities is untrue.

1/80

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Enforcement of regulations regarding trading of listed securities in the "Third Market" is

performed by:

A

FINRA

B

NYSE

C

MSRB

D

FDIC - Answer✔️✔️-Finra

An individual who has successfully passed the SIE exam may:

A

only sell equity securities

B

only sell securities that are either issued or guaranteed by the U.S. Government or its

wholly-owned agencies

C

only sell redeemable securities of investment companies registered under the

Investment Company Act of 1940

D




2/80

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
not sell any securities until successfully completing the appropriate representative

qualification exam - Answer✔️✔️-D

not sell any securities until successfully completing the appropriate representative

qualification exam

Who does NOT have to be licensed in a broker-dealer?

A

President

B

Equity trader

C

ACATS clerk

D

Sales individual - Answer✔️✔️-C

ACATS clerk

Registered representatives may be compensated based on which of the following?



I Trading commissions paid by the brokerage firm to the representative

II Trading commissions paid by the customer to the representative

III Salary paid by the brokerage firm to the representative

IV Salary paid by the customer to the representative - Answer✔️✔️-I and III




3/80

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Which statement is TRUE about a registered representative who wishes to take a

second job under FINRA rules?

A

This action is prohibited

B

This action is permitted without restriction

C

This action requires the prior written approval of FINRA

D

This action requires the prior written approval of the member organization employer -

Answer✔️✔️-D

This action requires the prior written approval of the member organization employer



For a registered representative to take a second job requires approval of the branch

manager or other authorized person at the member firm under FINRA rules.

To take a second job, an employee of a FINRA member firm:



I must get written permission from his or her employer

II is not required to get written permission from his or her employer

III must amend his U-4 filing with FINRA and the SEC

IV is not required to amend his U-4 filing with FINRA and the SEC - Answer✔️✔️-I and III


4/80

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 EmillyCharlotte. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart