Finra SIE Exam With 100% Correct Answers 2023
Exempt Securities from SEC Registration - Correct Answer--securities listed by the U.S. or federal agencies -Municipal Bonds -Securities issued by banks, savings institutions and credit unions -Public utility stocks or bonds -Securities issued by religious, educational or nonprofit organizations -Notes, bills of exchange, bankers acceptances and commercial paper with an initial maturity of 270 days or less -Insurance policies and fixed annuities Exempt Transactions from SEC Registration - Correct Answer--Intrastate offerings (required at state level) -Regulation A offerings ($5m within 12 mo. period) -Regulation D offerings (aka private placement) (no more than 35 unaccredited investors per year) T-Bills - Correct Answer-Maturity: 4-52 weeks Issued at a discount and matures at par. Difference between purchase price and par is considered interest. T-Notes - Correct Answer-Maturity: 2-10 years Pays interest semi-annually Considered Intermediate T-Bonds - Correct Answer-Maturity: 30 years Pay interest semi-annually T-STRIPS - Correct Answer-Maturity: 6 months to 30 years Issued at a discount and mature at par TIPS - Correct Answer-Maturity: 5,10,30 years Pay interest semi-annually, par value and interest payments adjust according to inflation.
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