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FINRA SIE Practice Test|| 75 Questions || Correct Answers|| 100% Verified
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  • FINRA SIE
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  • FINRA SIE

Upon Expiration, all in-the-money S&P 100 Index call options are settled by the delivery of which of the following? - ANSWER Cash Which of the following statements is true about treasury stock? - ANSWER It is issued stock that has been subsequently reacquired by the corporation In the event o...

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  • November 22, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • finra sie
  • finra sie practice test 75 questions correct
  • upon expiration all in the money sp 100 index ca
  • which of the following statements is true about tr
  • in the event of a stock split which of the f

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FINRA SIE Practice Test|| 75 Questions ||
Correct Answers|| 100% Verified
Upon Expiration, all in-the-money S&P 100 Index call options are settled by the delivery
of which of the following? - ANSWER Cash

Which of the following statements is true about treasury stock? - ANSWER It is issued
stock that has been subsequently reacquired by the corporation

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? - ANSWER
Transfer Agent

Which of the following actions is required of a broker-dealer's anti-money laundering
(AML) program? - ANSWER Designating an AML compliance officer

A registered representative (RR) wants to participate in a private securities transaction.
Which of the following actions must the RR take? - ANSWER Send written notice to his
supervisor outlining the activity and compensation structure

A customer BUYS a 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? - ANSWER $38

The call provision of a bond stipulates which of the following factors? - ANSWER Call
date and call price

When is interest on Treasury notes paid? - ANSWER Semiannually

The owner of which of the following products is MOST exposed to inflationary risk? -
ANSWER Treasury bonds (because it's long-term)

A registered representative (RR) who wants to place a mutual fund advertisement must
obtain written approval from which of the following parties? - ANSWER A registered
principal of the RR's firm

A company announces a tender offer to its shareholders with the intent to buy a
maximum of 1 million shares of its outstanding stock at $10 per share and sets no
minimum number of shares to be purchased. An investor wants to participate in this
offer and tenders his 1,000 share position. At the close of the offer period, only 900,000
shares have been tendered. How many, if any, of the investor's shares will the company
purchase? - ANSWER 1,000 (1,000 x 100 = 100,000 shares; 1 million - 900k = 100k)

, Broker-dealer ABC seeks to underwrite a municipal securities offering by a local town in
which the mayor is currently seeking re-election. A municipal finance professional who
resides in the town and works for ABC contributed $200 to the mayor's re-election
campaign 13 months ago. If the employee wants to support the campaign further
without impacting the municipal securities business of the firm, he is permitted to make
Which of the following statements is true regarding the concept of an annuity contract? -
ANSWER The kind of annuity selected partly determines the payment amounts to the
annuitant.

Roth 401(k) and Roth IRA individual retirement account (IRA) plans are share which of
the following features? - ANSWER Qualified distributions are excluded from federal
income tax

Under normal circumstances, a customer's letter of intent on a mutual fund purchase is
valid for what maximum period of time? - ANSWER 13 months

A broker-dealer is permitted to accept payment for a new issue form a new customer
when the: - ANSWER registration is effective

Regular way settlement on Treasury bond is: - ANSWER next business day (T + 1)

Under Rule 144A, an issuer of restricted stock is permitted to sell to which of the
following investors? - ANSWER Qualified institutional buyers (QIBs)

A customer is an officer of a company that is involved in some significant changes.
Which of the following corporate affairs would be considered inside information if the
customer shares them with his registered representative? - ANSWER -Pending
transactions
-Top management changes
-Imminent financial liquidity problems

Under FINRA rules, noncash compensation connected with the sale of variable
contracts include... - ANSWER -Gifts
-Meals
-Lodging

Under a system of STATUTORY voting, a common stockholder has as many for each
vacancy on the board of directors as the number of... - ANSWER shares owned by the
stockholder

The redemption value of an open-end investment company's shares is based on the: -
ANSWER NAV computed after the order is received.

Direct participation programs (DDPs) provide: - ANSWER exposure to non-correlated
assets with steady returns

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