FINRA SIE Exams (Already Graded A )

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 answers NAV computed after the order is received The computation ...

Upon Expiration, all in-the-money S&P 100 Index call options are settled by the delivery of which of the following? correct answers Cash Which of the following statements is true about treasury stock? correct answers It is issued stock that has been subsequently reacquired by the corporation I...

Exempt Securities from SEC Registration correct answers -securities listed by the U.S. or federal agencies -Municipal Bonds -Securities issued by banks, savings institutions and credit unions -Public utility stocks or bonds -Securities issued by religious, educational or nonprofit organizations ...

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 answers C. American Depositary Receipts Which of the fo...

Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? correct answers Statutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow...

The redemption value of an open-ended investment company's shares is based on the: correct answers Net assets value computed after the order is received An associated person who is not a registered representative is permitted to engage in which of the following activities? correct answers Provid...

In a period of low inflation and economic recession, the Federal Reserve is expected to take which of the following actions? A) Decrease Taxes B) Require banks to increase reserve C) Buy bonds in the open market correct answers Buy bonds in the open market Under FINRA rules which of the fo...

A customer writes an MMM January 70 put at 6. The maximum potential gain on this position is correct answers 600 Your customer is long 1 October 75 put at 2. The customer's maximum gain potential is correct answers 7300 Large time deposits of more than $100,000 are considered to be found in w...

Which stakeholder has first claim priority in a Chapter 11 proceeding? correct answers Secured Debt Holders What is a firm required to do when receiving cash in excess of $10,000 from one customer in one business day? correct answers File a Currency Transaction Report If a registered represent...

purpose of securities industry correct answers matching investors with money to issuers that need that money to finance issuer correct answers legal entity that sells securities in order to finance its operations (business, governments) ie. us treasury, us gov agencies, foreign governments, state...

Roth 401 (k) and Roth individual retirement account (IRA) plans share which of the following features? correct answers Qualified distributions are excluded from federal income tax All of the following risks apply to both foreign and domestic debt instruments except: correct answers Exchange Th...

What is cost basis? A The original purchase price plus any transaction costs B The transaction charges affiliated with the purchase of any security C The net after-tax purchase price per share of common stock D The amount of any gain or loss if a different transaction had occurred correct ...