Finra Sie Practice Exam 1 (Correctly Answered)

Under the Securities act of 1933, registration is required for which of the following securities? correct answers American Depositary Receipts Which of the following outcomes are possible for the writer of a covered call option? correct answers Profit limited and loss limited A registered representative (RR) who wants to place a mutual fund advertisement must obtain written approval from which of the following parties? correct answers A registered principal of the RR's firm 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: correct answers 50 shares at $100 per share A firm is a participant in a public offering. To sell a substantial amount of the securities to its customers, the firm agrees to repurchase the shares at no less than the original sales price. Such agreements are: correct answers Prohibited as fraudulent and manipulative Which of the following security types provides investors with a stated security date, a floating interest rate, and an option to put the security back to a financial intermediary on a dairy or weekly basis? correct answers Variable rate demand note Which of the following investments are generally traded according to their average life rather than their stated maturity date? correct answers Asset-backed securities Under FINRA rules, non-cash compensation connected with the sale of variable contracts DOES NOT include: correct answers Commissions FinCen accomplishes its mission to safeguard the financial system from the abuses of financial crime, including terrorist financing and money laundering, by enforcing: correct answers The Bank Secrecy Act