FINRA Practice SIE Exam Questions and
Answers 2025 Update Questions and
Answers |With 100% Verified Solutions |
Updated & Verified | 2025
Under FINRA rules, noncash compensation connected with
the sale of variable contracts includes all of the following
items EXCEPT:
gifts
meals
lodging
commissions - ✔ANASWER✔-commissions
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:
prohibited as fraudulent and manipulative.
Permissible if the securities are deposited into escrow.
prohibited unless the firm immediately sets aside funds for
the repurchase
permissible if the customers retain the right to sell the
securities into the open market. - ✔ANASWER✔-
prohibited as fraudulent and manipulative
The redemption value of an open-end investment
company's shares is based on the:
previous offering price
previous closing NAV
NAV computed after the order is received
offering price computed after the order is received -
✔ANASWER✔-NAV computed after the order is received
The computation of dollar prices and accrued interest on
municipal bonds is normal on what calendar basis?
30/360
,30/365
Actual/360
Actual/365 - ✔ANASWER✔-30/360
Blue-sky laws are regulated by which of the following
entities?
SEC
MSRB
FINRA
state securities regulators - ✔ANASWER✔-State securities
regulators
At the time of issuance, which of the following securities
normally has the longest period to expiration?
Rights
Options
Warrants
Repurchase agreements - ✔ANASWER✔-Warrants
Regular way settlement on Treasury Bonds is:
, same day
next business day
second business day
fifth business day - ✔ANASWER✔-next business day
Under SEC S-P (Consumer Privacy), which of the following
information must a firm include in its customer privacy and
opt-out notices?
the address of the firm's website
the fee to opt out from the privacy program
the deadline by which to opt out from the privacy program
the policies to protect the security of nonpublic
information - ✔ANASWER✔-the policies to protect the
security of nonpublic information
UTMA accounts are opened under the tax ID number of
the:
minor
donor
parent
Answers 2025 Update Questions and
Answers |With 100% Verified Solutions |
Updated & Verified | 2025
Under FINRA rules, noncash compensation connected with
the sale of variable contracts includes all of the following
items EXCEPT:
gifts
meals
lodging
commissions - ✔ANASWER✔-commissions
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:
prohibited as fraudulent and manipulative.
Permissible if the securities are deposited into escrow.
prohibited unless the firm immediately sets aside funds for
the repurchase
permissible if the customers retain the right to sell the
securities into the open market. - ✔ANASWER✔-
prohibited as fraudulent and manipulative
The redemption value of an open-end investment
company's shares is based on the:
previous offering price
previous closing NAV
NAV computed after the order is received
offering price computed after the order is received -
✔ANASWER✔-NAV computed after the order is received
The computation of dollar prices and accrued interest on
municipal bonds is normal on what calendar basis?
30/360
,30/365
Actual/360
Actual/365 - ✔ANASWER✔-30/360
Blue-sky laws are regulated by which of the following
entities?
SEC
MSRB
FINRA
state securities regulators - ✔ANASWER✔-State securities
regulators
At the time of issuance, which of the following securities
normally has the longest period to expiration?
Rights
Options
Warrants
Repurchase agreements - ✔ANASWER✔-Warrants
Regular way settlement on Treasury Bonds is:
, same day
next business day
second business day
fifth business day - ✔ANASWER✔-next business day
Under SEC S-P (Consumer Privacy), which of the following
information must a firm include in its customer privacy and
opt-out notices?
the address of the firm's website
the fee to opt out from the privacy program
the deadline by which to opt out from the privacy program
the policies to protect the security of nonpublic
information - ✔ANASWER✔-the policies to protect the
security of nonpublic information
UTMA accounts are opened under the tax ID number of
the:
minor
donor
parent
