FINRA Official SIE Practice

which security normally has the longest period to expiration

warrants

which product is adversely impacted if the issuers credit rating is downgraded

exchange traded notes

which is true about all us government agency issues

they are exempt from registration under the securities act of 1933

what is considered a corporate affair if the customer shares this with his registered representative

declared stock dividends

purpose of a syndicate desk in an equity offering

build an order book and allocate the stock

cost basis of an inherited mutual fund

the net asset value of the shares when the owner dies

the computation of dollar prices and accrued interest on municipal bonds is normally in what calendar basis

30/360

which is true regarding a customer account held as TIC

The ownership of the decedent’s assets is governed by their will or state law

which form U4 reportable events results in a statutory disqualification

a felony for a driving under the influence (DUI) charge

when is interest on treasury noted paid

semiannually

A non-registered rep is permitted to engage in which of the following

provide account opening forms to a new customer

UTMA accounts are opened under the tax ID of the:

minor

which is required of a broker-dealer’s anti-money laundering program

designating an aml compliance officer

customer buys one ABC put for a premium of 3$ and simultaneously buys 100 chares of the stock for 35$. the customer will break even when the stock is selling at what price

38$

which security type provides investors with a stated maturity date, a floating interest rate, and an option to put the security back to a financial intermediary on a daily basis

variable rate demand note

Direct participation programs (DPPs) provide

exposure to non-correlated assets

regular way settlement on treasury bonds is

the next business day

quote of 10.00 - 10.10 (25×10), which actions is the market maker willing to take

buy 2500 shares at $10 and sell 1,000 shares at 10.10

which debt securities mature in one year or less

money market instruments

when a broker dealer charge a commission on a securities transaction, it acts as

an agent

all of the following risks apply to both foreign and domestic debt instruments except

exchange

call provision of a bond stipulates what

call date and call price

political/election contributions exceed no more than

$250

rock 401K and roth IRA share what

qualified distributions are excluded from federal income tax

under regualton T, a 90 day restriction is imposed when a customer opens and closes which of the following positions

the same stock in a cash account without paying for the stock in full

a customers letter of intent on a mutual fund purchase is valid for what maximum period of time

13 months

under secutiries act of 1933, registration is required for which of the following

american depository receipts

stability on the value of a debt poerfolio is greatest when

maturities of the debt securities are short

company announces a 20% stock dividend for shareholders, if a customer holds 1,000 shares at 50$, what is the new price and number of shares

1,200 shares at $41.67

when selling a fixed amount of a base currency to purchase a counter currency, which factor is used to determine how much of the counter currency you will receive

the spot exchange rate

under finra rules, which of the following activities by a RR requires written notification to her firm

driving part time for a transportation network company on weekends

under industry regulations, an initial purchase of $3,000 of common stock in a margin account requires a cash deposit of

$2,000

upon expiration, all in the money s and p 100 index call options are settled by the delivery of

cash

what happens when a firm receives cash in excess of $10,000 from one customer in one business day

file a CTR

call protection is most valuable to a bond owner when bond prices are generally

rising

concept of an annuity contract

the kind of annuity selected partly determines the payment amounts of the annuitant

under rule 144A, an issuer of restricted stock is permitted to sell to which of the following

qualified institutional buyers QIBs

if a cuatomer has an account with long positions, and hasn’t made any securities transactions in the account during the past 18 months, how often does the firm send her an account statement

quarterly

greatest risk in a variable life insurance policy

market risk

product most exposed to inflationary risks

treasury bonds

the redemption value of an open end investment company’s shares is based on the

NAV computed after the order is received

which of the following considerations should a registered rep explain to a customer when recommending a 529 savings plan

the potential deductibility of contributions from state taxes