Free FINRA SIE Exam Questions

Become FINRA Certified with updated SIE exam questions and correct answers

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Total 166 Questions | Updated On: Sep 17, 2024

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Question 1

Shares in a private investment in public equity (PIPE) offering are priced:

A : At the current market value per share.

B : Below the current market value per share.

C : Above the current market value per share.

D : At the public offering price (POP) as determined by the underwriters.

Answer: B

Question 2

The formation of an asset-backed security or debt obligation that represents a claim on the cash flows from mortgage loans is known as:

A : Securitization

B : Hypothecation

C : Loan processing

D : Claim processing

Answer: A

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

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 5

On settlement date, a customer is unable to pay for a purchase in his cash account. His position is liquidated. Which of the following statements is true according to Federal Reserve Regulation T?

A : Only closing transactions are permitted.

B : The customer is barred from trading for 30 days.

C : The customer's account is frozen for 90 days.

D : All related accounts are frozen for 90 days.

Answer: C

Page: 1 / 34

Total 166 Questions | Updated On: Sep 17, 2024

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