Finra SIE Exam 2024 Questions & Answers 100% Correct!!
0 view 0 purchase
Course
Finra SIE
Institution
Finra SIE
Exempt Securities from SEC Registration - ANSWER-securities listed by the U.S. or federal agencies
-Municipal Bonds
-Securities issued by banks, savings institutions and credit unions
-Public
utility stocks or bonds
-Securities issued by religious, educational or nonprofit organizations
-N...
Finra SIE Exam 2024 Questions &
Answers 100% Correct!!
Exempt Securities from SEC Registration - ANSWER-securities listed by the U.S. or federal agencies
-Municipal Bonds
-Securities issued by banks, savings institutions and credit unions
-Public
utility stocks or bonds
-Securities issued by religious, educational or nonprofit organizations
-Notes, bills of exchange, bankers acceptances and commercial paper with an initial maturity of 270
days or less
-Insurance policies and fixed annuities
Exempt Transactions from SEC Registration - ANSWER-Intrastate offerings (required at state level)
-Regulation A offerings (<$5m within 12 mo. period)
-Regulation D offerings (aka private placement) (no more than 35 unaccredited investors per year)
T-Bills - ANSWERMaturity: 4-52 weeks
Issued at a discount and matures at par. Difference between purchase price and par is considered
interest.
T-Notes - ANSWERMaturity: 2-10 years
Pays interest semi-annually
Considered Intermediate
T-Bonds - ANSWERMaturity: 30 years
Pay interest semi-annually
T-STRIPS - ANSWERMaturity: 6 months to 30 years
, Issued at a discount and mature at par
FCS - ANSWER(Farm Credit System)
-Lending institutions that provide financing to farmers.
-Sells securities and loans it to farmers
SLMA - ANSWER(Student Loan Marketing Association)
-Provides a secondary market for student loans
-Purchases student loans and sells them as short and medium debt securities to investors
Repurchase Agreements - ANSWERshort-term sales of government securities (usually t-bills) with an
agreement to repurchase the securities at a higher price
Corporate Commercial Paper - ANSWER-Unsecured corporate debt
-Issued at discount and matures at par
-Matures at 270 days or less
-Exempt from SEC registration
Eurodollars - ANSWERUS dollars deposited in foreign banks outside the United States
Banker's Acceptance (BA) - ANSWER-a short term credit investment created by a company whose
payment is guaranteed by a bank.
-used for importing/exporting
G.O. Bonds - ANSWER-Municipal bonds that are backed by the "full faith and credit" (tax power) of
the issuer.
-Require voter approval
-Higher ratings and lower yields than revenue bonds
IDR (Industrial Development Revenue Bond) - ANSWER-Backed by lease payments made by
corporation
-credit rating derived from credit rating of the corporation
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 papersmaster01. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
