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ANDREW, FINRA SIE EXAM 2024 - PERSONAL STUDY SET QUESTIONS AND ANSWERS | 100% CORRECT CA$18.24
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ANDREW, FINRA SIE EXAM 2024 - PERSONAL STUDY SET QUESTIONS AND ANSWERS | 100% CORRECT
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ANDREW, FINRA SIE EXAM 2024 - PERSONAL STUDY SET QUESTIONS AND ANSWERS | 100% CORRECT An investor owns 100 shares of XYZ common stock at the current market price of $50 per share. If XYZ conducts a 1-for-2 reverse stock split, the investor's post-split stock position will be: Correct️️ -5...

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  • September 25, 2024
  • 57
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • andrew finra sie exam 2024 personal study set q

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

ANDREW, FINRA SIE EXAM 2024 -
PERSONAL STUDY SET QUESTIONS
AND ANSWERS | 100% CORRECT

An investor owns 100 shares of XYZ common stock at the current market price of $50

per share. If XYZ conducts a 1-for-2 reverse stock split, the investor's post-split stock

position will be:


Correct✔️✔️-50 shares at $100 per share

Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer

opens and closes which of the following positions?

Correct✔️✔️-The same stock in a cash account without paying for the stock in full.

Under industry regulations, an initial purchase of $3,000 of common stock in a margin

account requires a cash deposit of:

$2,000

Upon expiration, all in-the-money S&P 100 Index call options are settled by the delivery

of which of the following?

Correct✔️✔️-Cash

In the event of a stock split, which of the following parties is required to maintain a

record of the shareholders eligible to receive the additional shares?

Correct✔️✔️-Transfer agent


1/57

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Which of the following statements is true regarding a customer account held as tenants

in common?

Correct✔️✔️-The ownership of the decedent's assets is governed by their will or state

law.

An associated person who is not a registered representative is permitted to engage in

which of the following activities?

Correct✔️✔️-Provide account opening forms to a new customer.

Under Rule 144A, an issuer of restricted stock is permitted to sell to which of the

following investors?

Correct✔️✔️-Qualified institutional buyers (QIBs)

The last transaction in XYZ 5.50s 2030 was at 102. This bond is selling at:

a premium

Which of the following represents the effect of a stock split? Correct✔️✔️-The price per

share of common stock decreases

The price per share of common stock decreases.

To offer its shareholders a privilege to obtain its shares at a fixed price, which of the

following products does a corporation issue?

Correct✔️✔️-Rights

In a period of low inflation and economic recession, the Federal Reserve is expected to

take which of the following actions?

Correct✔️✔️-Buy bonds in the open market.
2/57

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Which of the following communications with the public is considered misleading?

Correct✔️✔️-Literature providing 10-year performance information to support predictions

of future performance.

Which of the following statements is true regarding the concept of an annuity contract?

Correct✔️✔️-The kind of annuity selected partly determines the payment amounts to the

annuitant.

Which of the following outcomes are possible for the writer of a cover call option?

Correct✔️✔️-Profit limited and loss limited.

Which of the following actions is required when a firm receives cash in excess of

$10,000 from one customer in one business day?

Correct✔️✔️-File a Currency Transaction Report (CTR)

Which of the following responses describes an advantage of index funds?

Correct✔️✔️-Lower management fees due to passive management of the fund.

Roth 401(k) and Roth individual retirement account (IRA) plans share which of the

following features?

Correct✔️✔️-Qualified distributions are excluded from federal income tax

UTMA accounts are opened under the tax ID of the:

minor

A registered representative is reviewing the following portfolio:

• 30% ABC Energy Company

• 30% XYZ Health Care Company
3/57

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
• 30% Exchange-traded fund (tracks the S&P 500)

• 10% Money market funds



Which of the following risks is inherent in this portfolio?

Correct✔️✔️-Nonsystematic

Under a system of statutory voting, a common stockholder has as many votes for each

vacancy on the board of directors as the number of:

shares owned by the stockholder

The owner of which of the following products is most exposed to inflationary risk?

Correct✔️✔️-Treasury bonds

A customer has a cash balance in her account together with long positions in several

securities. She has made no securities transactions in the account during the past 18

months. How often must the firm send her an account statement?

Correct✔️✔️-Quarterly

At issue, which of the following debt securities mature in one year or less?

Correct✔️✔️-Money market instruments

Call protection is most valuable to a bond owner when bond prices are generally:

Correct✔️✔️-Rising

If a market maker posts a quote of 10.00 - 10.10 [25×10], which of the following actions

is the market maker willing to take?



4/57

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