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FINRA Practice SIE Exam Practice Questions and Answers
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FINRA Practice SIE Exam Practice Questions and Answers The redemption value of an open-end investment company's shares is based on the: previous offering price previous closing NAV NAV computed after the order is received offering price computed after the order is received - ️️ Correct-NA...

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  • September 25, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • finra practice sie exam practice questions and ans

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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

FINRA Practice SIE Exam Practice
Questions and Answers

The redemption value of an open-end investment company's shares is based on the:

previous offering price

previous closing NAV

NAV computed after the order is received

offering price computed after the order is received - ✔️✔️Correct-NAV computed after the

order is received

The computation of dollar prices and accrued interest on municipal bonds is normal on

what calendar basis?

30/360

30/365

Actual/360

Actual/365 - ✔️✔️Correct-30/360

Blue-sky laws are regulated by which of the following entities?

SEC

MSRB

FINRA

state securities regulators - ✔️✔️Correct-State securities regulators



1/22

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
At the time of issuance, which of the following securities normally has the longest period

to expiration?

Rights

Options

Warrants

Repurchase agreements - ✔️✔️Correct-Warrants

Regular way settlement on Treasury Bonds is:

same day

next business day

second business day

fifth business day - ✔️✔️Correct-next business day

A firm is a participant in a public offering. To sell a substantial amount of the securities

to its customers, the firm agrees to repurchase the shares at no less than the original

sales price. Such agreements are:

prohibited as fraudulent and manipulative.

Permissible if the securities are deposited into escrow.

prohibited unless the firm immediately sets aside funds for the repurchase

permissible if the customers retain the right to sell the securities into the open market. -

✔️✔️Correct-prohibited as fraudulent and manipulative

Under SEC S-P (Consumer Privacy), which of the following information must a firm

include in its customer privacy and opt-out notices?


2/22

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
the address of the firm's website

the fee to opt out from the privacy program

the deadline by which to opt out from the privacy program

the policies to protect the security of nonpublic information - ✔️✔️Correct-the policies to

protect the security of nonpublic information

UTMA accounts are opened under the tax ID number of the:

minor

donor

parent

custodian - ✔️✔️Correct-minor

Under FINRA rules, noncash compensation connected with the sale of variable

contracts includes all of the following items EXCEPT:

gifts

meals

lodging

commissions - ✔️✔️Correct-commissions

Describe the difference between primary distribution and secondary distribution. -

✔️✔️Correct-a primary distribution involves a sale of newly issued shares by the issuer

while a secondary distribution involves the sale of already issued and outstanding

shares



3/22

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