SIE Exam Practice Questions and Answers (100% Pass)
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Course
SIE
Institution
SIE
SIE Exam Practice Questions and Answers (100% Pass)
No- Load Mutual funds may have lower expense ratios than load mutual funds for
which reason? - Answer️️ -No-load funds are not permitted to charge a 12b-1 fee
greater than 25 basis points
Under normal circumstances, a customer's letter of ...
SIE Exam Practice Questions and Answers (100% Pass)
No- Load Mutual funds may have lower expense ratios than load mutual funds for
which reason? - Answer✔️✔️-No-load funds are not permitted to charge a 12b-1 fee
greater than 25 basis points
Under normal circumstances, a customer's letter of intent on a mutual fund
purchase is valid for what maximum period of time? - Answer✔️✔️-13 months
At the time of issuance, which of the following securities normally has the longest
period to expiration? - Answer✔️✔️-Warrants
Under the Securities act of 1933, registration is required for which of the following
securities? - Answer✔️✔️-American Depository receipts (ADRs)
the primary purpose of a syndicate desk in the context of an equity offering is to -
Answer✔️✔️-build an order book and allocate the stock
what is the cost basis of an inherited mutual fund? - Answer✔️✔️-the net asset value
(NAV) of the shares when the owner dies
which of the following actions is required when a firm receives cash in excess of
10k from one customer in one business day? - Answer✔️✔️-File a currency
transaction report (CTR)
under rule 144a, an issuer of restricted stock is permitted to sell to which of the
following investors? - Answer✔️✔️-qualified institutional buyers (QIBs)
a savings account at a bank is guaranteed by which of the following entities -
Answer✔️✔️-FDIC
an associated person who is not a registered rep is permitted to engage in what
activity - Answer✔️✔️-provide account opening forms to a new customer
under industry regulations, an initial purchase of 3k of common stock in a margin
account requires a cash deposit of - Answer✔️✔️-2k (2k or 100% or purchase price,
whatever is cheaper)
which of the following investment risks is the greatest risk in a variable life
insurance policy? - Answer✔️✔️-market risk
a registered rep who wants to place a mutual fund advertisement must obtain
written approval from which of the following parties? - Answer✔️✔️-a registered
principal of the RR's firm
in the event of a stock split, who is required to maintain a record of the
shareholders eligible to receive the additional shares? - Answer✔️✔️-transfer agent
which of the following outcomes are possible for the writer of a covered call
option? - Answer✔️✔️-profit limited and loss limited
which of the following actions is required of a broker dealers aml program? -
Answer✔️✔️-designating an aml compliance officer
at issue, which of the following debt securities mature in one year or less? -
Answer✔️✔️-money market instruments
under federal res regulation T, a 90 day restriction is imposed when a customer
opens and closes which of the following positions? - Answer✔️✔️-the same stock in
a cash account without paying for the stock in full
a company announces a tender offer to its shareholders with the intent to buy a
max of 1m shares of its outstanding stock at 10 dollars a share and sets no min
2
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