FINRA SIE TESTS CONPILATION BUNDLE

Upon Expiration, all in-the-money S&P 100 Index call options are settled by the delivery of which of the following? correct answer: Cash Which of the following statements is true about treasury stock? correct answer: It is issued stock that has been subsequently reacquired by the corporation ...

If interest Rates fall the issuer will most likely call which bonds first? correct answer: High Dividend Rate preferred issues trading at a premium What are some actions by a corporation will affect an individuals common shareholder's equity correct answer: Conversion of convertible preferred ...

Exempted issuers are defined under the: correct answer: -Securities Act of 1933 Which of the following securities are exempt from the registration provisions of the Securities Act of 1933? correct answer: -U.S. Government issues -U.S. Government agency issues -General Obligation Bonds ...

Exempt Securities from SEC Registration correct 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...

Which stakeholder has first claim priority in a Chapter 11 proceeding? correct answer: Secured Debt Holders What is a firm required to do when receiving cash in excess of $10,000 from one customer in one business day? correct answer: File a Currency Transaction Report If a registered represe...

In a period of low inflation and economic recession, the Federal Reserve is expected to take which of the following actions? A) Decrease Taxes B) Require banks to increase reserve C) Buy bonds in the open market correct answer: Buy bonds in the open market Under FINRA rules which of the f...

FINRA SIE Outline| 107 Questions| With Complete Solutions The Securities Act of 1933 correct answer: The Securities Act of 1933 focused on greater transparency for investors After the stock market crash of 1929, it was passed into law to protect investors. Greater financial transparency and...

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 correct answer: NAV computed after the order is received The computation...

Roth 401 (k) and Roth individual retirement account (IRA) plans share which of the following features? correct answer: Qualified distributions are excluded from federal income tax All of the following risks apply to both foreign and domestic debt instruments except: correct answer: Exchange ...

What is the U.S. Government agency that has enforcement authority over the U.S. securities markets? correct answer: SEC Both FINRA and the Securities and Exchange Commission (SEC) regulate and have enforcement capability over the U.S. securities markets and market participants. However, the SEC ...

Under SEC regulation S-P, which of the following information must a firm include in its customer privacy and opt-out notices? correct answer: the policies to protect the security of nonpublic information under industry regulations, an initial purchase of $3,000 of common stock in a margin accoun...

Convertible Bondholders - Creditors of a corporations Dollar quote - Percentage of par quote Term bonds - Quoted as a percentage of par Series bonds - Same maturity, different dates of issuance Serial bond - Same date of issuance, different maturity Serial bond offering - Single issue...

how are in the money index calls options delivered correct answer: cash qualified distribution correct answer: deductible- excluded from fed income tax nonsystematic risk correct answer: bysiness or selection asset back security correct answer: traded based on average life rather than s...

All of the following would be taxed at "earned income" rates under IRS regulations EXCEPT: correct answer: -Interest payments Under the Internal Revenue Code, royalty income from books, plays, or magazine articles, is reported as: correct answer: -earned income Which of the following would...