Free FINRA SIE Exam Questions

Become FINRA Certified with updated SIE exam questions and correct answers

Page: 1 / 34

Total 166 Questions | Updated On: Jun 16, 2026

Add To Cart

Question 1

At a prospecting event, a registered representative (RR) provides cards for attendees to write down their contact information if they want to have a follow-up meeting with her. Which of the following actions should the RR take in this situation to comply with telemarketing rules?

A : Obtain the broker-dealer's approval before making a call

B : Limit contact with prospects to between 9 a.m. and 9 p.m.

C : Contact the prospects at will since they provided express written consent

D : Prior to contacting the prospects, check all of the names on the cards to make sure they are not on the National Do Not Call Registry

Answer: D

Question 2

A registered representative must complete which of the following activities when entering a discretionary trade?

A : Only exercise discretion over market orders

B : Indicate that discretion was exercised on the order ticket to be identified for supervisory review

C : Obtain authorization from the customer before each discretionary order is entered

D : Receive instructions from the customer as to the price at which to buy or sell a security

Answer: B

Question 3

A customer buys 100 ABC at $50 and at the same time sells an ABC April 50 call at $8. At expiration, ABC must be at what market price for the customer to break even?

A : $42

B : $44

C : $50

D : $58

Answer: A

Question 4

A registered representative must complete which of the following activities when entering a discretionary trade?

A : Only exercise discretion over market orders

B : Indicate that discretion was exercised on the order ticket to be identified for supervisory review

C : Obtain authorization from the customer before each discretionary order is entered

D : Receive instructions from the customer as to the price at which to buy or sell a security

Answer: B

Question 5

Company ABC stock currently trades on an exchange. An ABC insider wants to sell a large number of shares of her privately held ABC stock. ABC files the necessary paperwork to register the shares, but the insider decides to wait and sell the stock at a later date. Which of the following terms best describes the type of offering that is occurring in this situation?

A : A rights offering

B : A private offering

C : An exempt offering

D : A secondary offering

Answer: D

Page: 1 / 34

Total 166 Questions | Updated On: Jun 16, 2026

Add To Cart