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SIE Final Exam Study Guide with Verified Solutions The cost basis for inherited securities is: - Answer️️ -The value of the securities on the date the original owner dies Liquidity risk - Answer️️ -the risk that the investor will not be able to sell an investment quickly and at a fair ...

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  • September 25, 2024
  • 19
  • 2024/2025
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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

SIE Final Exam Study Guide with
Verified Solutions

The cost basis for inherited securities is: - Answer✔️✔️-The value of the securities on the

date the original owner dies


Liquidity risk - Answer✔️✔️-the risk that the investor will not be able to sell an investment

quickly and at a fair price

Reinvestment risk - Answer✔️✔️-is the risk of getting your investment back early and

being unable to find an equally attractive new investment to put that money into

Inflation Risk (Purchasing Power Risk) - Answer✔️✔️-The risk that the return on an

investment will not keep up with the rise in the cost of goods and services

Interest rate risk - Answer✔️✔️-the risk that a bond or other fixed-income investment will

decline in price because rising interest rates make new issues of those investment more

attractive than the ones on the secondary market

Investor's cost basis (tax basis) - Answer✔️✔️-Shares x Price per share x Commission %

Hypothecation Agreement - Answer✔️✔️-allows the broker-dealer to use the customer's

securities as collateral on a loan

Credit agreement - Answer✔️✔️-details the terms and conditions for the credit that the

broker-dealer is extending to the customer. This agreement will include how the firm will



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,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
calculate the interest charged on the credit and what interest rate the loan rate it will be

tied to

Loan consent agreement - Answer✔️✔️-permits the broker-dealer to lend the customer's

securities to other customers wishing to execute short sales

Which of the following private placement offerings has no dollar cap and allows for

public advertising? - Answer✔️✔️-A Regulation D, Rule 506(c) offering

Consider the following bond notation: "IBM 5 3/4 debentures of '10 callable @ 102 in

'08." All are true of the following bond notation EXCEPT: - Answer✔️✔️-The bond is

callable in 2010

MSRB Rule G-20 places limits on gifts, gratuities, and non-cash compensation received

in connection with the sale and distribution of municipal securities. In a primary offering,

dealers cannot accept non-cash compensation except for: - Answer✔️✔️-· Gifts that do

not exceed $100 per person per year and are not preconditioned on achievement of a

sales target

· Occasional gifts of meals or tickets to theatrical or sporting events that are not too

frequent or expensive

· Payment in connection with attending meetings for the purpose of training or

education, if the attendee has the prior approval of his employer and attendance is not

preconditioned on achievement of a sales target, if the location is appropriate to the

purpose of the meeting, and if the payment is not applied also to guests of the attendee



2/19

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
The compensation paid to a selling group member for selling shares of a new issuer is

called the: - Answer✔️✔️-Concession

Cyclical stocks - Answer✔️✔️-Stocks whose success is closely linked to the rise and fall

of the general economy

Non-cyclical stocks (defensive stocks) - Answer✔️✔️-stocks whose value are less

severely affected by the changes of the overall economy ( ex utilities, consumer staples)

The following must be filed with FINRA within ten business days of first use: -

Answer✔️✔️-Retail communications related to investment companies

Retail communications related to DPPs

Retail communications concerning collateralized mortgage obligations

The following must be filed with FINRA at least 10 business days prior to first use: -

Answer✔️✔️-Retail communications related to bond mutual funds that contain volatility

ratings

Retail communications containing performance rankings or comparisons to other

investment companies that are not generally published

Retail communications concerning securities futures and options

Retail communications from new member firms

Call Options (Out of the money) - Answer✔️✔️-if the market price is less than the strike

price.




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