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Comprehensive SIE Practice Exam Questions And Answers
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Comprehensive SIE Practice Exam Questions AndAnswers 2025-2026
For which of the following is the main purpose of a syndicate desk in relation to an
equity offering?
To build an order book and then place the stock
Which of the following is an advantage of index funds?
Management fees are typically lower because of the passive nature of managing the
fund
Which of the following comparisons is the best description of the basic difference
between a primary distribution and a secondary distribution?
A primary distribution consists of newly issued shares sold by the issuer and a
secondary distribution consists of the sale of already issued and outstanding shares.
Municipal bonds dollar prices and accrued interest are typically calculated based on
what type of calendar?
30/360
Direct participation programs(DPPs) provide:
Exposure to uncorrelated assets
Call protection is most valuable to the bond owner when bond prices, overall are:
falling
Which of the following is the result of a stock-split?
,The price of the common stock per share decreases
Stability of a debt portfolio value is maximized when:
the maturities of the debt securities are short.
Which of the following is something that an anti-money laundering program of a
broker-dealer must do?
Designate an AML compliance officer
Which of the following is a violation of a FINRA rule regarding selling away?
Private securities transaction without written prior consent of the employing BD
Company ABC announces the declaration of a 20% stock dividend to the common
shareholders. A client has 1,000 shares valued at $50.00. The price and number of
shares after declaration of the stock dividend are:
1,200 shares at $41.67
3 choices
This is solution from subject matter expert!
Roth 401(k) and Roth individual retirement account (IRA) plans have which of the
following in common?
Qualified distributions are not subject to regular federal income tax
An associated person who is not a registered representative may do which of the
following?
Provide new customer account opening forms
The last Trade in XYZ 5.50s 2030 was at 102. This bond is trading at:
At a premium
,A registered representative (RR) desiring to file a mutual fund advertisement for
approval must receive written approval from which of the following?
A registered principal of the RR's firm
For what period of time, under normal conditions, would a customer's letter of intent on
a mutual fund purchase be valid?
13 months
What does a company issue to give its shareholders a right to purchase its shares at a
predetermined price?
Rights
If there is a call provision of a bond, which of the following does that specify?
Call date and call price
A drop in the GDP is called a recession, but only if it has lasted for at least how many
quarters?
2 quarters
Regular way settlement on Treasury bonds is:
next business day
Which of the following statements are correct with respect to a customer account held
as tenants in common?
The decedent's securities are transferred by their will or the law of the state.
Which of the following statements are correct regarding treasury stock?
It is outstanding stock that has been subsequently reacquired by the corporation
, What type of investment risk is the biggest risk associated with a variable life insurance
policy?
Market risk
If stock is going to split, what type of entity must keep a record of the list of
shareholders that will receive additional shares when the stock splits
Transfer agent
The UTMA accounts are opened in the name of the custodian for the benefit of the in
whose:
minor
Under industry regulations, what minimum cash deposit is required for an initial
purchase of $3,000 of common stock in a margin account?
$2,000
We have an expert Solution to this problem!
Which of the following debt securities mature in one year or less?
Money market instruments
Which of the following are some of the considerations a registered representative
should discuss with a customer when recommending a 529 savings plan?
The deductibility of the contributions from state taxes
A transaction whereby a writer covers a position by purchasing an option is termed as:
a closing purchase
Broker-dealer ABC seeks to underwrite a municipal securities offering for a local town.
The town's mayor is currently running for re-election. A municipal finance professional
employed by ABC resides in the town and, 13 months ago, contributed $200 to the
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