Exam (elaborations)
FINRA Practice SIE Exam 2023 /Questions And Answers (A+)
FINRA Practice SIE Exam 2023 /Questions And Answers (A+)
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FINRA Practice SIE Exam 2023 /Questions AndAnswers (A+)
Quiz :The redemption value of an open-end investment company's shares is
based on the:
previous offering price
previous closing NAV
NAV computed after the order is received
offering price computed after the order is received - √Answer :NAV computed
after the order is received
Quiz :The computation of dollar prices and accrued interest on municipal
bonds is normal on what calendar basis?
30/360
30/365
Actual/360
Actual/365 - √Answer :30/360
Quiz :Blue-sky laws are regulated by which of the following entities?
SEC
MSRB
FINRA
, state securities regulators - √Answer :State securities regulators
Quiz :At the time of issuance, which of the following securities normally has
the longest period to expiration?
Rights
Options
Warrants
Repurchase agreements - √Answer :Warrants
Quiz :Regular way settlement on Treasury Bonds is:
same day
next business day
second business day
fifth business day - √Answer :next business day
Quiz :A firm is a participant in a public offering. To sell a substantial amount of
the securities to its customers, the firm agrees to repurchase the shares at no
less than the original sales price. Such agreements are:
prohibited as fraudulent and manipulative.
Permissible if the securities are deposited into escrow.
prohibited unless the firm immediately sets aside funds for the repurchase
permissible if the customers retain the right to sell the securities into the open
market. - √Answer :prohibited as fraudulent and manipulative
Quiz :Under SEC S-P (Consumer Privacy), which of the following information
must a firm include in its customer privacy and opt-out notices?
the address of the firm's website
the fee to opt out from the privacy program
the deadline by which to opt out from the privacy program
the policies to protect the security of nonpublic information - √Answer :the
policies to protect the security of nonpublic information
Quiz :UTMA accounts are opened under the tax ID number of the:
minor
donor
parent
custodian - √Answer :minor
Quiz :Under FINRA rules, noncash compensation connected with the sale of
variable contracts includes all of the following items EXCEPT:
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