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FINRA SIE EXAM NEWEST 2026 ACTUAL EXAM
COMPLETE 200 QUESTIONS AND 100%CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
||ALREADY GRADED A+|BRAND NEW!!!!
What is the difference between a selling group and selling
syndicate? - ANSWER-The primary difference between an
underwriting syndicate member and a selling group
member in a firm commitment underwriting is that: the
syndicate assumes liability for unsold shares; the selling
group does not.
If a market maker posts a quote of 10.00 - 10.10 [25×10],
which of the following actions is the market maker willing
to take? - ANSWER-Buy 2,500 shares at $10.00 and sell
1,000 shares at $10.10 ; In this scenario, the market
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maker is quoting a bid-ask spread of 10.00 - 10.10 with a
size of 25x10, Consequently, the market maker is
prepared to purchase 2,500 shares at $10 per share and
sell 1,000 shares at $10.10 per share
Which of the following security types provides investors
with a stated maturity date, a floating interest rate, and an
option to put the security back to a financial intermediary
on a daily or weekly basis? - ANSWER-Variable rate
demand note
Regular way settlement on Treasury bonds is: - ANSWER-
next business day
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Under FINRA rules, noncash compensation connected
with the sale of variable contracts includes all of the
following items except: - ANSWER-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: - ANSWER-
prohibited as fraudulent and manipulative
A company announces a tender offer to its shareholders
with the intent to buy a maximum of 1 million shares of its
outstanding stock at $10 per share and sets no minimum
number of shares to be purchased. An investor wants to
participate in this offer and tenders his 1,000 share
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position. At the close of the offer period, only 900,000
shares have been tendered. How many, if any, of the
investor's shares will the company purchase? - ANSWER-
1,000
Direct participation programs (DPPs) provide: - ANSWER-
exposure to non-correlated assets
What are non-correlated assets? - ANSWER-In simple
terms, assets that move in the same direction at the same
time have positive correlation, while assets that move in
opposite directions have negative correlation. Non-
correlated assets are those that move independently of
each other, with a correlation of 0.
FINRA SIE EXAM NEWEST 2026 ACTUAL EXAM
COMPLETE 200 QUESTIONS AND 100%CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
||ALREADY GRADED A+|BRAND NEW!!!!
What is the difference between a selling group and selling
syndicate? - ANSWER-The primary difference between an
underwriting syndicate member and a selling group
member in a firm commitment underwriting is that: the
syndicate assumes liability for unsold shares; the selling
group does not.
If a market maker posts a quote of 10.00 - 10.10 [25×10],
which of the following actions is the market maker willing
to take? - ANSWER-Buy 2,500 shares at $10.00 and sell
1,000 shares at $10.10 ; In this scenario, the market
,2|Page
maker is quoting a bid-ask spread of 10.00 - 10.10 with a
size of 25x10, Consequently, the market maker is
prepared to purchase 2,500 shares at $10 per share and
sell 1,000 shares at $10.10 per share
Which of the following security types provides investors
with a stated maturity date, a floating interest rate, and an
option to put the security back to a financial intermediary
on a daily or weekly basis? - ANSWER-Variable rate
demand note
Regular way settlement on Treasury bonds is: - ANSWER-
next business day
,3|Page
Under FINRA rules, noncash compensation connected
with the sale of variable contracts includes all of the
following items except: - ANSWER-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: - ANSWER-
prohibited as fraudulent and manipulative
A company announces a tender offer to its shareholders
with the intent to buy a maximum of 1 million shares of its
outstanding stock at $10 per share and sets no minimum
number of shares to be purchased. An investor wants to
participate in this offer and tenders his 1,000 share
, 4|Page
position. At the close of the offer period, only 900,000
shares have been tendered. How many, if any, of the
investor's shares will the company purchase? - ANSWER-
1,000
Direct participation programs (DPPs) provide: - ANSWER-
exposure to non-correlated assets
What are non-correlated assets? - ANSWER-In simple
terms, assets that move in the same direction at the same
time have positive correlation, while assets that move in
opposite directions have negative correlation. Non-
correlated assets are those that move independently of
each other, with a correlation of 0.
