FINRA SIE Exams|Bundle Package|

If interest Rates fall the issuer will most likely call which bonds first? CORRECT ANSWER High Dividend Rate preferred issues trading at a premium What are some actions by a corporation will affect an individual’s common shareholder's equity CORRECT ANSWER Conversion of convertible preferred s...

The Federal regulatory body that governs the securities industry is: CORRECT ANSWER The SEC A fully disclosed BD: CORRECT ANSWER is an inducing firm clearing its transactions through a carrying firm An intermediary between the buy and sell sides of a transaction is known as CORRECT ANSWER a cl...

The primary purpose of a syndicate desk in the context of an equity offering is to: A. determine the list of selling shareholders B. build an order book and allocate the stock C. solicit interest from investors in the stock offering D. chaperone company management during the road show CORRECT ...

The Securities Act of 1933 CORRECT ANSWER The Securities Act of 1933 focused on greater transparency for investors After the stock market crash of 1929, it was passed into law to protect investors. Greater financial transparency and accuracy and less fraud or manipulation. The legislation ...

American Depository Receipts (ADRs) CORRECT ANSWER A negotiable US security certificate representing a given number of shares of stock in a foreign corporation (bought and sold in US securities markets just as stock is traded) AIR (assumed interest rate) CORRECT ANSWER net rate of investment retu...

Under the Securities act of 1933, registration is required for which of the following securities? A. Eurodollar bonds B. Municipal securities C. American Depositary Receipts (ADRs) D. Securities issued by the federal government CORRECT ANSWER C. American Depositary Receipts Which of the fol...

What is the U.S. Government agency that has enforcement authority over the U.S. securities markets? CORRECT ANSWER SEC Both FINRA and the Securities and Exchange Commission (SEC) regulate and have enforcement capability over the U.S. securities markets and market participants. However, the SEC is...