SIE Exam 2024 Questions and Answers (100% Pass)
What is cost basis?
A
The original purchase price plus any transaction costs
B
The transaction charges affiliated with the purchase of any security
C
The net after-tax purchase price per share of common stock
D
The amount of any gain or loss ...
Which of the following is a characteristic of a frozen account?
A
The frozen status lasts for 90 days
B
Purchases may not be made in the account
C
Frozen account status covers all accounts at the firm
D
Only margin accounts can have a frozen status - ✔️✔️A. The frozen status lasts for 90
days
ABC insurance company has issued a variable annuity contract. The contract offers
numerous investment options, including subaccounts, which hold bonds, domestic
equities, and foreign securities. Which of the following risks does ABC incur when
issuing this contract?
Prior to submitting the registration statement to the SEC - ✔️✔️A
Just prior to the end of the cooling-off period
Private REITs are all the following, except:
A
Registered with the SEC
B
Have no disclosure requirements
C
Only suitable for wealthy investors
D
Usually offered as private placements - ✔️✔️A
Registered with the SEC
Which of the following statements is true regarding secondary offerings?
A
Sale proceeds go to the issuer
B
Shares are sold through an underwriter
C
Secondary offering transactions take place in the secondary market
D
4
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