FINRA SIE Practice Test Questions with Verified Solutions
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Course
FINRA SIE Practice
Institution
FINRA SIE Practice
FINRA SIE Practice Test Questions with
Verified Solutions
For a married couple who has consistently earned over $300,000 annually for the past two years
and expects similar income in the current year, what classification applies? They are
considered accredited investors.
What is a key fe...
1 FINRA SIE Practice Test Questions with Verified Solutions For a married couple who has consistently earned over $300,000 annually for the past two years and expects similar income in the current year , what classification applies? ✔✔They are considered accredited investors. What is a key feature of an annuity contract that influences the payment amounts to the annuitant? ✔✔The type of annuity chosen impacts the size of the payments received. What common characteristic do Roth 401(k) and Roth IRA plans share regarding their distributions? ✔✔Distributions that meet certain criteria are not subject to federal income tax. Typically, for how long is a customer's letter of intent valid for mu tual fund purchases? ✔✔13 months. When is a broker -dealer allowed to accept payment from a new client for a newly issued security? ✔✔Once the registration is officially effective. 2 What is the standard settlement period for Treasury bonds? ✔✔The next business day (T + 1). According to Rule 144A, who is eligible to purchase restricted stock? ✔✔Qualified institutional buyers (QIBs). If a client who is also a company officer discloses significant company developments, which of these would be considered inside information? ✔✔Pending transactions, changes in top management, or impending financial difficulties. Under FINRA guidelines, what forms of noncash compensation are permissible when selling variable contracts? ✔✔Gifts, meals, and l odging . In a statutory voting system, how many votes does a shareholder have for each board vacancy? ✔✔The number of votes equals the number of shares they own. On what basis is the redemption value of shares from an open -end investment company determined? ✔✔The Net Asset Value (NAV) as calculated after the order is placed.
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