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SIE Series 7 Exam 52 Questions with Verified Answers,100% CORRECT
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SIE Series 7 Exam 52 Questions with Verified Answers
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SIE Series 7 Exam 52 Questions with Verified AnswersA registered principal or registered representative 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exam if his or her registration has been revoked or terminated for a period of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.) 5 years
C.) 3 years
D.) 2 years - CORRECT ANSWER D.) 2 Years
A member may maintain a representative registration for which of the following
persons?I. A person who performs legal, compliance, or internal audit functions
for the memberII. A person who performs back-office functions for the memberIII.
A person who is no longer functioning as a representativeIV. A person who
performs administrative functions for registered personnel
A.) I, II, III, IV
B.) I, II, III
C.) I, II & IV
D.) I & II only - CORRECT ANSWER C.) I, II & IV
Which of the following is true regarding persons who are to function as research
analysts?
A.) None of these answer choices.
B.) They must be registered as a general securities representative and pass a
qualifying examination for research analysts.
C.) They must be registered as a general securities representative only.
D.) They must pass a qualifying examination for research analysts only. - CORRECT
ANSWER B.) They must be registered as a general securities representative and
pass a qualifying examination for research analysts.
Within how many days must a member report to FINRA if the member or an
associated person of the member is the subject of a written customer complaint
involving allegations of theft or misappropriation of funds?
A.) 10 business days
B.) 15 calendar days
, C.) 20 business days
D.) 30 calendar days - CORRECT ANSWER D.) 30 calendar days
Which of the following are considered institutional investors?
A.) A governmental entity
B.) An employee benefit plan that meets the requirement of Section 403(b) or
Section 457 of the Internal Revenue Code and has at least 100 participants
C.) A qualified plan as defined in Section 3(a)(12)(C) of the Exchange Act and that
has at least 100 participants
D.) All of these answer choices - CORRECT ANSWER D.) All of these answer choices
An options contract that gives the holder the right to purchase the number of
shares of the underlying security is a _________________.
A.) Covered
B.) Uncovered
C.) Put
D.) Call - CORRECT ANSWER D.) Call
Which of the following registered principals may approve the purchase of a
variable annuity?I. General Securities Sales Supervisor (Series 9/10)II. General
Securities Principal (Series 24)III. Investment Company Products/Variable
Contracts Principal (Series 26)
A.) I, II, & III
B.) III only
C.) I only
D.) I & III - CORRECT ANSWER A.) I, II, & III
Correspondence means any written communication that is distributed to _____ or
fewer retail investors within any ______-day period.
A.) 10 or fewer investors within any 10-day period
B.) 15 or fewer investors within any 20-day period
C.) 25 or fewer investors within any 30-day period
D.) 30 or fewer investors within any 25-day period - CORRECT ANSWER C.) 25 or
fewer investors within any 30-day period
Which of the following persons would not be included in a research analyst's
household?
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