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FINRA RULES EXAM QUESTIONS AND ANSWERS | 100% PASS
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FINRA RULES EXAM QUESTIONS AND ANSWERS | 100% PASS All of the following statements are true regarding the U.S. securities markets EXCEPT: A FINRA has regulatory authority over the markets and market participants in the trading of all non-exempt securities B the Federal Reserve Board decides ...

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  • September 25, 2024
  • 80
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • finra rules exam questions and answers 100 pass

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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

FINRA RULES EXAM QUESTIONS AND
ANSWERS | 100% PASS

All of the following statements are true regarding the U.S. securities markets EXCEPT:

A

FINRA has regulatory authority over the markets and market participants in the trading

of all non-exempt securities

B

the Federal Reserve Board decides securities can be traded on margin

C

the Securities and Exchange Commission has regulatory authority over the securities

markets and its participants

D

the MSRB has regulatory authority over the markets and market participants in the

trading of all exempt securities - Answer✔️✔️-D

the MSRB has regulatory authority over the markets and market participants in the

trading of all exempt securities



The MSRB only regulates the trading of municipal bonds - not U.S. Government or

Agency bonds - so the statement that the MSRB regulates trading in all exempt

securities is untrue.

1/80

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Enforcement of regulations regarding trading of listed securities in the "Third Market" is

performed by:

A

FINRA

B

NYSE

C

MSRB

D

FDIC - Answer✔️✔️-Finra

An individual who has successfully passed the SIE exam may:

A

only sell equity securities

B

only sell securities that are either issued or guaranteed by the U.S. Government or its

wholly-owned agencies

C

only sell redeemable securities of investment companies registered under the

Investment Company Act of 1940

D




2/80

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
not sell any securities until successfully completing the appropriate representative

qualification exam - Answer✔️✔️-D

not sell any securities until successfully completing the appropriate representative

qualification exam

Who does NOT have to be licensed in a broker-dealer?

A

President

B

Equity trader

C

ACATS clerk

D

Sales individual - Answer✔️✔️-C

ACATS clerk

Registered representatives may be compensated based on which of the following?



I Trading commissions paid by the brokerage firm to the representative

II Trading commissions paid by the customer to the representative

III Salary paid by the brokerage firm to the representative

IV Salary paid by the customer to the representative - Answer✔️✔️-I and III




3/80

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Which statement is TRUE about a registered representative who wishes to take a

second job under FINRA rules?

A

This action is prohibited

B

This action is permitted without restriction

C

This action requires the prior written approval of FINRA

D

This action requires the prior written approval of the member organization employer -

Answer✔️✔️-D

This action requires the prior written approval of the member organization employer



For a registered representative to take a second job requires approval of the branch

manager or other authorized person at the member firm under FINRA rules.

To take a second job, an employee of a FINRA member firm:



I must get written permission from his or her employer

II is not required to get written permission from his or her employer

III must amend his U-4 filing with FINRA and the SEC

IV is not required to amend his U-4 filing with FINRA and the SEC - Answer✔️✔️-I and III


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