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SIE Exam Unit 10 Issues 39 Questions with Verified Answers,100% CORRECT
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SIE Exam Unit 10 Issues 39 Questions with Verified Answers
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SIE Exam Unit 10 Issues 39 Questions with Verified AnswersThe Uniform Practice Code (UPC) establishes uniform trade practices pertaining to
all of the following except
A) communications with the public.
B) good-delivery procedures.
C) don't know (DK) procedures.
D) settlement and ex-dates. - CORRECT ANSWER Communications With The Public
Established uniform trade practices and other guidelines for broker-dealers to
follow when they do business with other member firms, including transaction
settlement, good delivery, ex-dates, trade confirmations, and DK procedures -
CORRECT ANSWER Uniform Practice Code
While the Municipal Securities Rule Board (MSRB) writes the rules and regulations
regarding underwriting and trading for municipal securities, it does not enforce
those rules. Who does?
A) Securities and Exchange Commission (SEC)
B) New York Stock Exchange (NYSE)
C) Financial Industry Regulatory Authority (FINRA)
D) Options Clearing Corporation (OCC) - CORRECT ANSWER FINRA
The enforcement of the MSRB rules on broker-dealers has been primarily
delegated to who? - CORRECT ANSWER FINRA
Those who enforce the MSRB rules on banks who act as municipal dealers -
CORRECT ANSWER Bank Regulatory Agencies
The Federal Reserve Board is an example of what type of agency? - CORRECT
ANSWER Bank Regulatory
Which of the following is the largest self-regulating organization (SRO)?
, A) MSRB
B) CBOE
C) FINRA
D) SEC - CORRECT ANSWER FINRA
All broker-dealers in the United States who deal in corporate securities are
required to be members of what? - CORRECT ANSWER FINRA
Has jurisdiction over all securities business in the United States, but it is not an
SRO - CORRECT ANSWER SEC
Accusations of Financial Industry Regulatory Authority (FINRA) Conduct Rule
violations will heard and handled under the
A) Uniform Practice Code.
B) Uniform Securities Act.
C) Code of Procedure.
D) Code of Arbitration Procedure. - CORRECT ANSWER Code of Procedure
Describes how member violations of the Conduct Rules will be heard and handled
- CORRECT ANSWER Code of Procedure
Each self-regulatory organization (SRO) functions under the Securities and
Exchange Commission's (SEC's) oversight and is accountable to the commission
for enforcing federal securities laws. While the Municipal Securities Rule Board
(MSRB) regulates all matters related to the underwriting and trading of state and
municipal securities, it does not have enforcement powers of its rules. Which of
the following does the MSRB rely on for enforcement of these rules?
A) Federal Deposit Insurance Corporation (FDIC)
B) Securities and Exchange Commission (SEC)
C) Chicago Board Options Exchange (CBOE)
D) Financial Industry Regulatory Authority (FINRA) - CORRECT ANSWER FINRA
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