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EXAMFX SIE EXAM AND PRACTICE EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS|ALREADY GRADED A+|NEWEST|GUARANTEED PASS|LATEST UPDATE$22.49
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EXAMFX SIE EXAM AND PRACTICE EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS |FREQUENTLY TESTED QUESTIONS AND SOLUTIONS|ALREADY GRADED A+|NEWEST|GUARANTEED PASS|LATEST UPDATE
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FX SIE
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FX SIE
EXAMFX SIE EXAM AND PRACTICE EXAM
WITH ACTUAL CORRECT
QUESTIONS AND VERIFIED DETAILED
ANSWERS |FREQUENTLY TESTED
QUESTIONS AND SOLUTIONS|ALREADY
GRADED A+|NEWEST|GUARANTEED
PASS|LATEST UPDATE
EXAMFX SIE EXAM AND PRACTICE EXAM
2024-2025 WITH ACTUAL CORRECT
QUESTIONS AND VERIFIED DETAILED
ANSWERS |FREQUENTLY TESTED
QUESTIONS AND SOLUTIONS|ALREADY
GRADED A+|NEWEST|GUARANTEED
PASS|LATEST UPDATE
Which of the following is excluded from the definition from the definition of investment adviser?
A. An economics professor who occasionally advises other faculty members on their portfolios
B. An accountant who charges a client for constructing a financial portfolio
C. A lawyer whose investment advice is central to their practice
D. A publisher of a newsletter rendering advice about specific investment situations of individual clients
A.
Government securities regular settlement is
Next day
When broker/dealers effect trades for the accounts of others, they are acting in what capacity?
Agency
When a firm trades for the account of others, they are acting in an agency capacity. In this capacity
they are also known as the broker.
If a member resigns from an SRO, when will the resignation take effect?
30 days after receipt of formal resignation by the SRO
A natural person may be considered an accredited investor if, in each of the past 2 years, his or her
income exceeded
$200,000
Which of the following describes a market maker?
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,A. A broker/dealer that assumes the risk of holding an inventory of shares of stock in order to facilitate
the trading of that security
B. A person who may accept payment from the issuer of a security when acting in a market maker
capacity
C. Anyone who earns a commission for their efforts
D. A person who buys or sells securities on behalf of the broker/dealer and its customers, but carries no
inventory
A.
A customer who failed to complete payment in 4 business days applied for an extension but was denied.
What action should be taken?
Close out the transaction
All the following are considered self-regulatory organizations for the regulation of securities offerings
and trading EXCEPT:
A. SEC
B. MSRB
C. FINRA
D. CBOE
SEC
According to MSRB rules, under which of the following conditions may a municipal dealer share in the
losses of a customer's account?
Under no circumstances
Dealers may not share in profits or losses of customer accounts.
XYZ Corporation is planning an add-on offering. XYZ currently has outstanding shares and is now raising
additional capital to build a new manufacturing plant. The quiet period in which no research may be
published on XYZ will last for how many days?
3 days from the effective date
An issuer that currently has $150 million in outstanding capitalization and has an average daily trading
volume of $1 million would have a restriction period for their add-on offering of
0 days
2|Page
,Issuers offering additional shares with an average daily trading volume of at least $150 million
outstanding capitalization with an average daily trading volume of $1 million would have no
restrictions prior to the effective date. Issuers offering additional shares that currently have an
average daily trading volume of at least $100,000 are subject to a restricted period of 1 day before the
effective date. Tier 3 companies - companies that do not qualify for Tier 1 or Tier 2 - have a 5-day
restricted period
All of the following are true regarding Electron Communications Networks (ECNs) EXCEPT
A. They are used for Forth Market trades
B. They facilitate trades between institutions
C. Transactions are executed without the broker
D. ECN's cannot execute mutual fund trades
ECNs cannot execute mutual fund trades
Institutional invetors, including mutual funds, use ECN's to execute trades on an agency cross basis.
In a public offering, officers of the corporation are selling their personal shares along with the IPO of the
corporation itself. The sale of shares by corporate officers is called
Secondary
"Secondary" means that proceeds go to an entity other than the issuer; in this case, that's the officers.
All of the following are required under Rule 145 for mergers and acquisitions EXCEPT
A. Stock splits or stock dividends
B. An acquisition in which the acquirer is using both cash and securities
C. A merger involving a stock offering.
D. A leveraged buy-out
Stock splits or stock dividends
Rule 145 does not require the filing of a registration statement when a company declares a stock
dividend or engages in a stock split.
Which of the following does NOT describe the OTC market?
A. An auction market
3|Page
, B. A market where shares of the largest corporations are traded
C. A negotiated market
D. A decentralized market
An auction market
The OTC is negotiated and competitive, involving dealers and traders processing orders and automatic
quotes. Shares of the largest corporations trade OTC. he stock exchange, like the NYSE, is an auction
market.
The announcement that must be filed in connection with a Regulation D offering is
A. An official statement
B. An official notice
C. An offering memorandum
D.d An offering circular
An offering memorandum
The announcement that must be filed in connection with a Regulation D offering is an offering
memorandum.
Which of the following terms would be used to describe a pre-offering solicitation under Reg A+?
A. A preliminary prospectus
B. Testing the waters
C. Statement of additional information
D. An omitting prospectus
Testing the waters
Testing the waters is a term that is used when the issuer is gauging marketability of their offering.
XYZ Corp. is planning a subsequent primary offering to raise capital for expansion. One of the executives
at XYZ Corp. has a large holding of unregistered shares which he would like to sell in the open market.
Which of the following would be the most suitable offering for this situation?
A. Shelf offerings
B. Combined offering
4|Page
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