Sie exam 2024 - Study guides, Class notes & Summaries

FINRA SIE EXAM 2024 WITH 100% ACCURATE SOLUTIONS

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 answer A. The original purchase price plus any transaction costs Which of the following corporate securities carries the greatest risk to the investor? A Commercial paper B Common stock C ...

FINRA SIE Exam 2024

The primary purpose of a syndicate desk in the context of an equity offering is to: - ANSWERbuild an order book and allocate the stock Which of the following responses describes an advantage of index funds? - ANSWERLower management fees due to passive management of the fund Which of the following comparisons best describes the essential difference between a primary distribution and a secondary distribution? - ANSWERA primary distribution involves a sale of newly issued shares by the issuer...

An investor owns 100 shares of XYZ common stock at the current market price of $50 per share. If XYZ conducts a 1-for-2 reverse stock split, the investor's post-split stock position will be: - ANSWER50 shares at $100 per share Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer opens and closes which of the following positions? - ANSWERThe same stock in a cash account without paying for the stock in full. Under industry regulations, an initial purchase of $3,...

How long is the quiet period for an add-on offering or APO - ANSWER3 days following the effective date Which of the following is NOT true regarding a nonqualified retirement plan? A. Excess over cost basis is taxed B. It can discriminate in offering its benefits and selecting participants C. It needs IRS approval D. Tax on accumulation is deferred - ANSWERC. It needs IRS approval In an options contract, which party receives the premium and is obligated to buy the underlying security at t...

If interest Rates fall the issuer will most likely call which bonds first? - ANSWERHigh Dividend Rate preferred issues trading at a premium What are some actions by a corporation will affect an individuals common shareholder's equity - ANSWERConversion of convertible preferred stocks or bond Repurchase of common shares Issuance of additional common shares (Stock splits do not effect shareholders equity but it must be voted on because it effects Par Value) Benefits to a Convertibl...

SIE EXAM 2024 LATEST UPDATED QUESTIONS AND VERIFIED ANSWERS BY EXPERT GRADED A++ Federal Reserve Board Founded on December 23rd 1913, to oversee financial panics. Independent of direct political influence. Federal Reserve Act was passed to stabilize prices, maximize employment, moderate long term interest. FINRA vs MSRB FINRA oversees brokerage firms and their associated persons. MSRB- regulates the municipal securities market including dealers, municipal advisers, and issuers. Municip...

SIE EXAM 2024 LATEST UPDATE QUESTIONS AND VERIFIED ANSWERS GRADED A++ Federal Reserve Board Founded on December 23rd 1913, to oversee financial panics. Independent of direct political influence. Federal Reserve Act was passed to stabilize prices, maximize employment, moderate long term interest. FINRA vs MSRB FINRA oversees brokerage firms and their associated persons. MSRB- regulates the municipal securities market including dealers, municipal advisers, and issuers. Municipal Securiti...

SIE EXAM WITH 100% ACCURATE ANSWERS What is the core responsibility of the FRB? - correct answer To Maintain Price Stability According to the Securities Act of 1933 compliance protocol, what information does a company have to disclose to its investors before the initial public offering? - correct answer Financial Statements and information about the offered securities Why was the FDIC created? - correct answer To prevent bank runs and ensure that safety of customers' funds Which ...