FINRA Website SIE Practice Exam Questions with Answers
2 views 0 purchase
Course
FINRA Website SIE
Institution
FINRA Website SIE
FINRA Website SIE Practice Exam Questions with Answers
1. C. American
Depositary Re-
ceipts
2. A. Profit limited
and loss limited
3. C. A registered
principal of the
RR's firm
4. B. 50 shares at
$100 per share
5. A. Prohibited as
fraudulent and
manipulative
Under the Securities act of...
FINRA Website SIE Practice Exam Questions with Answers
1. C. American Under the Securities act of 1933, registration is required
Depositary Re- for which of the following securities?
ceipts
A. Eurodollar bonds
B. Municipal securities
C. American Depositary Receipts (ADRs)
D. Securities issued by the federal government
2. A. Profit limited Which of the following outcomes are possible for the writer
and loss limited of a covered call option?
A. Profit limited and loss limited
B. Profit limited and loss unlimited
C. Profit unlimited and loss limited
D. Profit unlimited and loss unlimited
3. C. A registered A registered representative (RR) who wants to place a
principal of the mutual fund advertisement must obtain written approval
RR's firm from which of the following parties?
A. FINRA
B. Each State's securities administrator
C. A registered principal of the RR's firm
D. The investment management division of the appropriate
regional SEC office
4. B. 50 shares at An investor owns 100 shares of XYZ common stock at the
$100 per share 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:
A. 50 shares at $25 per share
B. 50 shares at $100 per share
C. 200 shares at $25 per share
D. 200 shares at $100 per share
5. A. Prohibited as A firm is a participant in a public offering. To sell a sub-
fraudulent and stantial amount of the securities to its customers, the
manipulative firm agrees to repurchase the shares at no less than the
1/5
, FINRA Website SIE Practice Exam Questions with Answers
original cales price. Such agreements are:
A. Prohibited as fraudulent and manipulative
B. Permissible if the securities are deposite into escrow
C. Prohibited unless the firm immediately sets aside funds
for the repurchase
D. Permissible if the customers retain the right to sell the
securities into the open market
6. C. Variable rate Which of the following security types provides investors
demand note with a stated security date, a floating interest rate, and an
option to put the security back to a financial intermediary
on a dairy or weekly basis?
A. Equity put option
B. Perpetual preferred stock
C. Variable rate demand note
D. Tax-deferred variable annuity
7. C. Asset-backed Which of the following investments are generally traded
securities according to their average life rather than their stated
maturity date?
A. Corporate bonds
B. Government bonds
C. Asset-backed securities
D. Fixed-rate capital securities
8. D. Commissions Under FINRA rules, non cash compensation connected
with the sale of variable contracts includes all of the fol-
lowing items *except:*
A. Gifts
B. Meals
C. Lodging
D. Commissions
9. B. The Bank Se- FinCen accomplishes its mission to safeguard the finan-
crecy Act cial system from the abuses of financial crime, including
terrorist financing and money laundering, by enforcing:
2/5
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller learndirect. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
