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SIE EXAM. QUESTIONS WITH VERIFIED SOLUTIONS
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SIE EXAM. QUESTIONS WITH VERIFIED SOLUTIONS SIE EXAM. QUESTIONS WITH VERIFIED SOLUTIONS
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SIE EXAM. 2024-2025 QUESTIONS WITHVERIFIED SOLUTIONS
No- Load Mutual funds may have lower expense ratios than load mutual funds for which
reason? - CORRECT ANSWER No-load funds are not permitted to charge a 12b-1
fee greater than 25 basis points
Under normal circumstances, a customer's letter of intent on a mutual fund purchase is
valid for what maximum period of time? - CORRECT ANSWER 13 months
At the time of issuance, which of the following securities normally has the longest period
to expiration? - CORRECT ANSWER Warrants
Under the Securities act of 1933, registration is required for which of the following
securities? - CORRECT ANSWER American Depository receipts (ADRs)
the primary purpose of a syndicate desk in the context of an equity offering is to -
CORRECT ANSWER build an order book and allocate the stock
what is the cost basis of an inherited mutual fund? - CORRECT ANSWER the net
asset value (NAV) of the shares when the owner dies
which of the following actions is required when a firm receives cash in excess of 10k
from one customer in one business day? - CORRECT ANSWER File a currency
transaction report (CTR)
under rule 144a, an issuer of restricted stock is permitted to sell to which of the
following investors? - CORRECT ANSWER qualified institutional buyers (QIBs)
,SIE EXAM. 2024-2025 QUESTIONS WITH
VERIFIED SOLUTIONS
a savings account at a bank is guaranteed by which of the following entities -
CORRECT ANSWER FDIC
an associated person who is not a registered rep is permitted to engage in what activity
- CORRECT ANSWER provide account opening forms to a new customer
under industry regulations, an initial purchase of 3k of common stock in a margin
account requires a cash deposit of - CORRECT ANSWER 2k (2k or 100% or
purchase price, whatever is cheaper)
which of the following investment risks is the greatest risk in a variable life insurance
policy? - CORRECT ANSWER market risk
a registered rep who wants to place a mutual fund advertisement must obtain written
approval from which of the following parties? - CORRECT ANSWER a registered
principal of the RR's firm
in the event of a stock split, who is required to maintain a record of the shareholders
eligible to receive the additional shares? - CORRECT ANSWER transfer agent
which of the following outcomes are possible for the writer of a covered call option? -
CORRECT ANSWER profit limited and loss limited
, SIE EXAM. 2024-2025 QUESTIONS WITH
VERIFIED SOLUTIONS
which of the following actions is required of a broker dealers aml program? - CORRECT
ANSWER designating an aml compliance officer
at issue, which of the following debt securities mature in one year or less? - CORRECT
ANSWER money market instruments
under federal res regulation T, a 90 day restriction is imposed when a customer opens
and closes which of the following positions? - CORRECT ANSWER the same stock in
a cash account without paying for the stock in full
a company announces a tender offer to its shareholders with the intent to buy a max of
1m shares of its outstanding stock at 10 dollars a share and sets no min number of
shares to be purchased. an investor wants to participate in this offer and tenders his 1k
share position. at the close of the offer period, only 900k shares have been tendered.
how many will the company purchase - CORRECT ANSWER 1k
blue sky laws are regulated by which of the following entities - CORRECT ANSWER
state securities regulators
company abc announces a 20% stock dividend for its common shareholders. if a
customer holds 1k shares at 50 dollars, what is the new price and number of shares
following the payment of the stock div? - CORRECT ANSWER 1200 shares at 41.67
The term spread refers to the diff between the - CORRECT ANSWER bid and asked
prices
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