FINRA Website SIE Practice Exam Questions & Answers(RATED A)
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Course
Finra SIE
Institution
Finra SIE
Under the Securities act of 1933, registration is required for which of the following securities?
A. Eurodollar bonds
B. Municipal securities
C. American Depositary Receipts (ADRs)
D. Securities issued by the federal government - ANSWER C. American Depositary Receipts
Which of the followin...
FINRA Website SIE Practice Exam
Questions & Answers(RATED A)
Under the Securities act of 1933, registration is required for which of the following
securities?
A. Eurodollar bonds
B. Municipal securities
C. American Depositary Receipts (ADRs)
D. Securities issued by the federal government - ANSWER C. American Depositary
Receipts
Which of the following outcomes are possible for the writer of a covered call option?
A. Profit limited and loss limited
B. Profit limited and loss unlimited
C. Profit unlimited and loss limited
D. Profit unlimited and loss unlimited - ANSWER A. Profit limited and loss limited
A registered representative (RR) who wants to place a mutual fund advertisement must
obtain written approval from which of the following parties?
A. FINRA
B. Each State's securities administrator
C. A registered principal of the RR's firm
D. The investment management division of the appropriate regional SEC office -
ANSWER C. A registered principal of the RR's firm
An investor owns 100 shares of XYZ common stock at the current market price of $50
per share. If XYZ conducts a 1-for-2 reverse stock split, the investor's post-split stock
position will be:
A. 50 shares at $25 per share
B. 50 shares at $100 per share
C. 200 shares at $25 per share
D. 200 shares at $100 per share - ANSWER B. 50 shares at $100 per share
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
cales price. Such agreements are:
A. Prohibited as fraudulent and manipulative
B. Permissible if the securities are deposite into escrow
C. Prohibited unless the firm immediately sets aside funds for the repurchase
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