FINRA SIE Practice Exam: Questions & Answers; Latest Updated Solution

Under the Securities Act of 1933, registration is required for which of the following securities? Eurodollar bonds municipal securities American depository receipts (ADR's) securities issued by the federal government (Ans- ADR's Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer opens and closes which of the following positions? same stock on the same day in a margin account same stock in different accounts on the same day the same stock in different account in the same household the same stock in a cash account without paying for the stock in full (Ans- the same stock in a cash account without paying for the stock in full the last transaction in XYZ 5.50s 2030 was at 102. this bond is selling at par premium discountasset value (Ans- premium Upon expiration, all in-the-money S&P 100 index call options are settled by the delivery of which of the following? cash S&P 100 index stocks S&P ETF's same number of S&P 100 index put options (Ans- cash Roth 401(K) and Roth individual retirement accounts (IRA's) plans share which of the following features? contributions are made pretax neither account has maximum contribution limits neither account is subject to early distribution penalties qualified distributions are excluded from federal income tax (Ans- qualified distributions are excluded from federal income tax a customer buys 1 ABC Jan 35 put for a premium of $3 and simultaneously buys 100 shares of ABC stock for $35 per share. the