SIE TESTS COMPILATION BUNDLE

A registered principal or RR must retake the qualifying exam if his or her registration has been revoked or terminated for a period of ________ or more.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. 2 years c. 3 years d. 4 years correct answer: b. 2 years An options contract that gives the holder the right to purchase the ...

Each member broker-dealer is required to have a principal executive monitoring the firm's adherence to SRO as well as State and Federal laws and regulations, known as the firm's A CEO B CCO C COO D Business Continuity contact person correct answer: B CCO CCO = Chief Compliance Officer...

A registered person who fails to complete the Regulatory Element of the industry's Continuing Education Program will [A] have his registration suspended until the program is completed.* [B] be able to perform only a limited number of registered duties. [C] be required to re-take the license exam...

Which of the following statements is TRUE concerning periodic payment variable annuities? A. A client's number of annuity units never changes B. A client's number of accumulation units never changes C. Annuity contracts never have a beneficiary D. The monthly payout is fixed by the inflation...

401(k) Early Withdrawal correct answer: An individual who is over 55 and separated from work may take an early distribution from their 401(k) plan from their LAST employer. They would NOT be able to access funds from any 401(k) plans from previous employers. For those, the usual 59.5 age applies. ...

purpose of securities industry correct answer: matching investors with money to issuers that need that money to finance issuer correct answer: legal entity that sells securities in order to finance its operations (business, governments) ie. us treasury, us gov agencies, foreign governments, sta...

What type of risk is unique to a specific industry, business enterprise, or investment type? correct answer: Nonsystematic risk Under which of the following circumstances is an investor in a position to acquire stock? correct answer: Buy a call, sell a call (The holder of a call has the right t...

To offer its shareholders a privilege to obtain its shares at a fixed price, which of the following product does a corporation issue? correct answer: Rights A customer has a cash balance in her account together with long positions in several securities. She has made no securities transactions in...

a company announces a tender offer to its shareholders with the intent to buy a maximum of 1 million shares of its outstanding stock at $10 per share and sets no minimum of shares to be purchased. An investor wants to participate in this offer and tenders his 1000 share position. At the close of the...

Business Cycle Order correct answer: Expansion, Peak, Contraction, Trough Notice Filing correct answer: A method of registering securities at the state level that is only for Federal Covered Securities Downturns in the business cycle or economic contractions are characterized by all of the f...

when a broker dealer charges a commission on a securities transaction, he is acting as: correct answer: an agent in the event of a stock split, who maintains a record of the shareholders eligible to receive additional shares? correct answer: transfer agent an associated person who is not a r...

What is a "market, not-held" order? correct answer: Customer allows the rep to use her own judgement as to the price and time at which the transactions will be executed What is the taxation for non-qualified variable annuities? correct answer: - Growth distributions are taxed How do you ca...

Regular Way Settlement for Equities correct answer: T + 2 The First Day that a Buyer Buys Stock Without a Dividend correct answer: Ex-Dividend date The Last Day a Buyer Can Buy Stock and Receive the Dividend correct answer: business day before the ex-date When Ex-Dividend Date Happens Re...

Do the following Investment Companies/Products offer continuous share offering or fixed share counts? Mutual Funds Closed-End Funds UIT ETF correct answer: Mutual Funds: Continuous Closed-End Funds: Fixed UIT: Fixed ETF: Fixed What Term signifies that a share of common stock can be free...