Exam (elaborations)
SIE FINRA QUESTIONS WITH VERIFIED SOLUTIONS
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SIE FINRA QUESTIONS WITH VERIFIED SOLUTIONS SIE FINRA QUESTIONS WITH VERIFIED SOLUTIONS
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SIE FINRA 2024-2025 QUESTIONS WITHVERIFIED SOLUTIONS
The redemption value of an open-ended investment company's shares is based on the: -
CORRECT ANSWER Net assest value computed afdter the order is recieved
An associated person who is not a registered representative is permitted to engage in
which of the following activities? - CORRECT ANSWER Provide account opening
forms to a new customer
A decline in the gross domestic product (GDP) must last for at least how many quarters
to be considered a recession? - CORRECT ANSWER 2 quarters
When is interest on Treasury notes paid? - CORRECT ANSWER Semiannually
Which of the following communications with the public is considered misleading? -
CORRECT ANSWER Literature providing 10-year performance information to support
predictions of future performance
Which of the following stakeholders has first claim priority in a chapter 11 proceeding? -
CORRECT ANSWER Secured debt holders
The last transaction in xyz 5.50s 2030 was at 102. This bond is selling at: - CORRECT
ANSWER A premium
All of the following risks apply to both foreign and domestic debt instruments except: -
CORRECT ANSWER Exchange
Under FINRA rules, which of the following activities by a registered representative
require written notification to her firm? - CORRECT ANSWER Driving part time for a
transportation network company on weekends
Which of the following investment risks is the greatest risk in a variable life insurance
policy? - CORRECT ANSWER Market risk
, SIE FINRA 2024-2025 QUESTIONS WITH
VERIFIED SOLUTIONS
Which of the following products is adversely impacted if the issuer's credit rating is
downgraded? - CORRECT ANSWER Exchange-traded notes (ETNs)
Which of the following forms U4 reportable events results in a statutory disqualification?
- CORRECT ANSWER A felony conviction for a driving under the influence (DUI)
charge
In the event of a stock split, which of the following parties is required to maintain a
record of the shareholders eligible to receive the additional shares? - CORRECT
ANSWER Transfer agent
A firm is a participant in a public offering. To sell a substantial amount of the securities
to its customers, the firm agrees to repurchase the shares at no less than the original
sales price. Such agreements are: - CORRECT ANSWER Prohibited as fraudulent
and manipulative
At the time of issuance, which of the following securities normally has the longest period
to expiration? - CORRECT ANSWER Warrants
The call provision of a bond stipulates which of the following factors? - CORRECT
ANSWER Call date and call price
A customer buys 1 abc Jan 35 put for a premium of $3 and simultaneously buys 100
shares of abc stock for $35 per share. The customer will break even when the stock is
selling at what price per share at expiration? - CORRECT ANSWER $38
FinCEN accomplishes its mission to safeguard the financial system from the abuses of
financial crime, including terrorist financing and money laundering, by enforcing: -
CORRECT ANSWER The Bank Secrecy Act
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