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SIE Exam Unit 18 – Issues Questions and Answers | 100% Pass
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SIE Exam Unit 18 – Issues Questions and Answers | 100% Pass All of the following would be required for a discretionary account except A) the account must receive Financial Industry Regulatory Authority (FINRA) approval prior to the first trade. B) a principal at the firm must authorize discr...

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  • September 25, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • sie exam unit 18 issues questions and answers

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

SIE Exam Unit 18 – Issues Questions
and Answers | 100% Pass

All of the following would be required for a discretionary account except




A) the account must receive Financial Industry Regulatory Authority (FINRA) approval

prior to the first trade.

B) a principal at the firm must authorize discretion.

C) all trades must be promptly approved by a principal at the firm.

D) the customer must authorize discretion. - Answer✔️✔️-The account must receive

Financial Industry Regulatory Authority (FINRA) approval prior to the first trade

Selling long is equivalent to which of the following?



A) Selling to open then buying to close

B) Selling to open

C) Selling short

D) Selling to close - Answer✔️✔️-Selling to Close

When a customer owns a position and then sells that position, that is referred to as

selling _____________ or selling ________ __________ - Answer✔️✔️-Long, to Close




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, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
When a customer _______________ a position and then ______________ that

position, that is referred to as selling long or selling to close - Answer✔️✔️-Owns, Sells

All of the following are required for a discretionary account except



A) all trades must be promptly approved by a principal at the firm.

B) the customer must authorize discretion.

C) a principal at the firm must authorize discretion.

D) the account must receive FINRA approval prior to the first trade. - Answer✔️✔️-The

account must receive FINRA approval prior to first trade

Short sellers have



A) limited profit and loss potential.

B) unlimited profit and loss potential.

C) limited profit potential and an unlimited loss potential.

D) unlimited profit potential and limited loss potential. - Answer✔️✔️-Limited profit

potential and unlimited loss potential

Short sellers are _______________ - Answer✔️✔️-Bearish

Because stock could only go down as far as zero, the profit for a ________________

_________________ is limited to the difference between the price the stock was

shorted at and zero - Answer✔️✔️-Short Seller



2/12

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