FINRA Practice SIE Exam Questions and Answers 100% Pass
10 views 0 purchase
Course
FINRA Practice SIE
Institution
FINRA Practice SIE
FINRA Practice SIE Exam Questions and
Answers 100% Pass
How is the redemption value of shares in an open-end mutual fund determined?
- Based on the price offered previously
- From the previous day’s net asset value (NAV)
- According to the NAV calculated after the request is processed
-...
1 FINRA Practice SIE Exam Questions and Answers 100 % Pass How is the redemption value of shares in an open -end mutual fund determined? - Based on the price offered previously - From the previous day’s net asset value (NAV) - According to the NAV calculated after the request is processed - Set by the offering price calculated after the request - ✔✔Determined by the NAV calculated after the request is processed On what basis are the dollar prices and accrued interest of municipal bonds generally computed? - 30 days/365 days - Actual/360 days - Actual/365 days - 30 days/360 days - ✔✔30 days/360 days Who oversees the regulations for blue -sky laws, which protect investors at the state level? - Securities and Exchange Commission (SEC) 2 - Municipal Securities Rulemaking Board (MSRB) - Financial Industry Regulatory Authority (FINRA) - State -level securities authorities - ✔✔State -level securities authorities Which type of security usually has the longest time frame until maturi ty when first issued? - Rights - Options - Warrants - Repurchase agreements - ✔✔Warrants What is the standard settlement period for Treasury Bonds? - On the same day - The following business day - Two business days later - Five business days later - ✔✔The following business day 3 If a firm promises to repurchase shares at their original price to facilitate a large sale to customers, how is this practice viewed? - It is deemed fraudulent and manipulative - It is allowed if the shares are held in escrow - It is acceptable if the firm immediately allocates funds for repurchase - It is permissible if clients can sell the shares on the open market - ✔✔It is deemed fraudulent and manipulative According to SEC S -P rules, what must be included in a company’s customer privacy notice? - The URL of the firm’s website - The fee to opt out of the privacy protection - The deadline for opting out of the privacy program - The measures taken t o protect nonpublic information - ✔✔The measures taken to protect nonpublic information UTMA accounts are opened un der the tax ID number of the: minor
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BrilliantScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
