SIE Missed Greenlight Actual Exam Update
2024 | Greenlight Missed SIE Exam Latest
2024 Questions and Correct Answers Rated
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Within a brokerage firm, a registered representative solicits customers to
purchase securities, another person works in the firm's cashier's
department as a clerk, a managing director supervises the research
department, and a consultant has been brought in to work on an
accounting project. Which of these persons is NOT required to be
fingerprinted - ANSWER-The consultant
An IRA that allows for non-deductible contributions, limits the amount able
to be contributed to the lesser of 100% of earned income or $5,500 per
year, and allows for qualified distributions to be taken tax-free after age of
59 1/2 is a/an - ANSWER-Roth IRA
Which of the following choices helps the U.S. balance of payments? -
ANSWER-Foreign investment in the U.S.
May a brokerage firm place a temporary hold on a securities transaction? -
ANSWER-No, since this is beyond the scope of SRO rules.
ABC Brokerage, a broker-dealer, purchases 600 shares of stock from a
market maker to fill a customer's buy order. ABC has acted as a: -
ANSWER-Agent
Which of the following is NOT a type of unsystematic risk? - ANSWER-
Market risk
,A client has been watching a thinly traded stock and has noticed that it has
not had any trading activity today. What type of risk is the MOST significant
for this type of investment? - ANSWER-Liquidity risk
Which of the following is the rate that commercial banks charge on loans to
broker-dealers for margin purposes? - ANSWER-Call rate
If a bond offering is issued with a put provision, it's MOST beneficial to: -
ANSWER-Investors who does not want to hold a bond until maturity
A person pleaded guilty to a charge of counterfeiting and bribery five years
ago. He has now been released from prison and is applying for an
investment banking position with your firm. Which of the following
statements is TRUE regarding his eligibility for current employment in the
securities industry? - ANSWER-He is subject to statutory disqualification
and is not currently eligible to be hired
Which of the following activities is NOT performed by a transfer agent? -
ANSWER-Maintaining the issuer's ownership register for each issuance of
securities
Three-month and six-month Treasury bills are auctioned by the Federal
Reserve Board: - ANSWER-Weekly
If a bond is selling at a premium and is callable at a premium, the yield
would be calculated based on: - ANSWER-The yield-to-worst
The U.S. government agency that is responsible for regulating the process
by which issuers raise capital is: - ANSWER-The Securities Exchange
Commission (SEC)
Which of the following is NOT a characteristic of preferred stock? -
ANSWER-It carries voting rights
,A change in which of the following choices does NOT require the broker-
dealer to send a notice to the customer? - ANSWER-Net worth
Which of the following statements describes the greatest risk associated
with mortgage-backed securities? - ANSWER-Falling interest rates might
accelerate early repayment of principal
Industrial production is considered what type of economic indicator? -
ANSWER-Coincident
The main difference between a registered exchange-traded REIT and a
registered nontraded REIT is: - ANSWER-The amount of liquidity each of
the securities has
All of the following are features of a Roth IRA, EXCEPT: - ANSWER-
Contributions may be deductible
A U.S. Treasury bill is sold in the secondary market on Thursday, March
14. It has a regular-way settlement of: - ANSWER-Friday, March 15
An individual wants a real estate investment that offers tax benefits and
provides the ability to share directly in the earnings of the business. Which
of the following BEST meets those objectives? - ANSWER-DPP
A registered representative has requested a loan from a family member
who is also a customer of the broker-dealer that employs the RR. Which of
the following statements is TRUE regarding this situation? - ANSWER-She
is not required to notify her firm about the loan.
A brokerage firm will generally distribute which of the following to
employees of the firm? - ANSWER-The restricted list
A registered person is asked by the sponsor of a limited partnership to sell
partnership units to his clients. Since the partnership is not being sold
through the representative's broker-dealer, the sponsor will compensate
, the representative directly. For this situation, which of the following
statements is TRUE? - ANSWER-For the person to participate, the broker-
dealer must give written approval for the transaction and must record the
transaction on its books.
A limited partner would be in jeopardy of losing her limited liability if the
partner: - ANSWER-Assisted in the decision of which properties to acquire
An investor purchases 1 XYZ October 40 put when the market price of XYZ
is $41 per share, and pays a premium of $3. What is the maximum profit
the investor can have? - ANSWER-$3,700
In a 529 plan, can an individual be both the donor and the beneficiary? -
ANSWER-Yes, if the person is of legal age.
If interest rates decline, which of the following securities is likely to have the
greatest increase in market value? - ANSWER-Long-term bonds
May a brokerage firm place a temporary hold on the transfer of securities? -
ANSWER-Yes, for the account of a senior investor.
An uncle would like to invest for his nephew's college education. Which of
the following factors is a benefit of a 529 plan? - ANSWER-Change of
beneficiaries allowed
Which of the following statements is NOT TRUE concerning the opening an
account for a new client? - ANSWER-The client must sign the new account
form.
The net asset value (NAV) of an open-end investment company is $22.20
and its sales charge is 8%. What is the public offering price? - ANSWER-
$24.13
A project financed through revenue bonds is experiencing difficulty in that
revenues are not sufficient to meet debt service payments. If, through
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