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SIE Practice Exam QUESTIONS WITH VERIFIED SOLUTIONS
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SIE Practice Exam QUESTIONS WITH VERIFIED SOLUTIONS SIE Practice Exam QUESTIONS WITH VERIFIED SOLUTIONS
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SIE Practice Exam 2024-2025 QUESTIONSWITH VERIFIED SOLUTIONS
Which of the following statements is true regarding the concept of an annuity contract?
a) Payouts of an investment in a nonqualified annuity are all income tax-free
b) The kind of annuity selected partly determines the payment amounts to the annuitant
c) In the case of life annuity contracts, the age and sex of the annuitant do not affect
the payment amounts
d) The amounts of the periodic payments to the annuitant are determined by the
performance of the insurance company's investment returns - CORRECT ANSWER
b) The kind of annuity selected partly determines the payment amounts to the annuitant
Which of the following Form U4 reportable events results in a statutory disqualification?
a) A personal bankruptcy filing
b) A written customer complaint alleging misappropriation of assets
c) A felony theft charge
d) A felony conviction for a driving under the influence (DUI) charge - CORRECT
ANSWER d) A felony conviction for a driving under the influence (DUI) charge
Under SEC Regulation S-P (Consumer Privacy), which of the following information must
a firm include in its customer privacy and opt-out notices?
a) The addresses of the firm's website
b) The fee and opt out from the privacy program
,SIE Practice Exam 2024-2025 QUESTIONS
WITH VERIFIED SOLUTIONS
c) The deadline by which to out from the privacy program
d) The policies to protect the security of nonpublic information - CORRECT ANSWER
d) The policies to protect the security of nonpublic information
Under normal circumstances, a customer's letter of intent on a mutual fund purchase is
valid for what maximum period of time?
a) 3 months
b) 6 months
c) 13 months
d) 24 months - CORRECT ANSWER c) 13 months
No-load mutual funds may have lower expense than load mutual funds for which of the
following reasons?
a) No-load funds do not charge 12b-1 fees
b) No-load funds are not permitted to charge a 12b-1 fee greater than 25 basis points
c) Sales charges for load mutual funds increase their annual expense ratios
d) Fund management fees for no-load funds are always lower than load funds -
CORRECT ANSWER b) No-load funds are not permitted to charge a 12b-1 fee greater
than 25 basis points
, SIE Practice Exam 2024-2025 QUESTIONS
WITH VERIFIED SOLUTIONS
A customer is an officer of a company that is involved in some significant changes. All of
the following items are examples of corporate affairs that could be considered inside
information if the customer shares them with his registered representative EXCEPT:
a) pending transactions
b) declared stock dividend
c) top management changes
d) imminent financial liquidity problems - CORRECT ANSWER b) declared stock
dividends
To offer its shareholders a privilege to obtain its shares at a fixed price, which of the
following products does a corporation issue?
a) Puts
b) Rights
c) Futures
d) Preferred stock - CORRECT ANSWER b) Rights
In the event of a stock split, which of the following parties is required to maintain a
record of the shareholders eligible to receive the additional shares?
a) DTC
b) Issuer
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