FINRA Securities Industry Essentials(SIE)

Achievable PREP

Which of the following is defined as an insider?

A) 10% shareholder

B) Director

C) Officer

D) All of these Choices

D) All of these

How many different parts is the secondary market divided into?

4: first, second ,third and fourth

Which of the following securities exhibits the least price Volatility?

A) 7 year 3.20% T NOTE

B) 15 year 4.30% Merit Co.equipment trust certificate

C) 10 year 9.70% Denver CO. mortgage bond

D) 26 year 9.70% revenue bond

A) 7 year 3.20% T note

Soonest maturity

What type of account is a guardianship account?

Fiduciary account

When a bond is trading at a discount the YTM must be higher than what?

Its coupon

What is the reps responsibility if they suspect elder abuse by a customers children?

Get in touch with the supervisor

U.S Bonds always?

Trade Over-the-counter

When a bond quote is given the customer purchases at what Price?

Ask Price

If a options agreement is signed and submitted by client this confirms what?

The investor has received the Options Disclosure Document

5 year Finra required records

CTR

SAR

CIP Info

3 Year required by FINRA documents kept

Employee records

Trade conf

Customer

Public

Trial

Are Treasury Bonds, STRIPS and T bills products of the U.S GOV?

YES

When a security is sold during an IPO the customer purchases the security at

public offering price(POP