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Finra SIE Exam Study Guide Latest Update Exempt Securities from SEC Registration - ️️ Correct--securities listed by the U.S. or federal agencies -Municipal Bonds -Securities issued by banks, savings institutions and credit unions -Public utility stocks or bonds -Securities issued by reli...

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  • September 25, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
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  • finra sie exam study guide latest update

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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

Finra SIE Exam Study Guide Latest
Update

Exempt Securities from SEC Registration - ✔️✔️Correct--securities listed by the U.S. or

federal agencies

-Municipal Bonds

-Securities issued by banks, savings institutions and credit unions

-Public utility stocks or bonds

-Securities issued by religious, educational or nonprofit organizations

-Notes, bills of exchange, bankers acceptances and commercial paper with an initial

maturity of 270 days or less

-Insurance policies and fixed annuities

Exempt Transactions from SEC Registration - ✔️✔️Correct--Intrastate offerings (required

at state level)

-Regulation A offerings (<$5m within 12 mo. period)

-Regulation D offerings (aka private placement) (no more than 35 unaccredited

investors per year)

T-Bills - ✔️✔️Correct-Maturity: 4-52 weeks

Issued at a discount and matures at par. Difference between purchase price and par is

considered interest.


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,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
T-Notes - ✔️✔️Correct-Maturity: 2-10 years

Pays interest semi-annually

Considered Intermediate

T-Bonds - ✔️✔️Correct-Maturity: 30 years

Pay interest semi-annually

T-STRIPS - ✔️✔️Correct-Maturity: 6 months to 30 years

Issued at a discount and mature at par

TIPS - ✔️✔️Correct-Maturity: 5,10,30 years

Pay interest semi-annually, par value and interest payments adjust according to

inflation.

GNMA - ✔️✔️Correct-(Government National Mortgage Association)

-Only agency security backed by govt.

-Support the Department of housing and urban development

FNMA - ✔️✔️Correct-(Federal National Mortgage Association)

-Publicly held corporation, responsible for providing capital for certain mortgages.

-Conventional, VA, FHA, etc.

FHLMC - ✔️✔️Correct-(Freddie Mac)

-Designed to create a secondary market for mortgages.

-Purchases residential mortgages and packages them into mortgage-backed securities

that are sold to investors


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, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
FCS - ✔️✔️Correct-(Farm Credit System)

-Lending institutions that provide financing to farmers.

-Sells securities and loans it to farmers

SLMA - ✔️✔️Correct-(Student Loan Marketing Association)

-Provides a secondary market for student loans

-Purchases student loans and sells them as short and medium debt securities to

investors

Repurchase Agreements - ✔️✔️Correct-short-term sales of government securities

(usually t-bills) with an agreement to repurchase the securities at a higher price

Corporate Commercial Paper - ✔️✔️Correct--Unsecured corporate debt

-Issued at discount and matures at par

-Matures at 270 days or less

-Exempt from SEC registration

Eurodollars - ✔️✔️Correct-US dollars deposited in foreign banks outside the United

States

Banker's Acceptance (BA) - ✔️✔️Correct--a short term credit investment created by a

company whose payment is guaranteed by a bank.

-used for importing/exporting

G.O. Bonds - ✔️✔️Correct--Municipal bonds that are backed by the "full faith and credit"

(tax power) of the issuer.


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