SIE MULTIPLE CHOICE QUESTIONS &
ACCURATE ANSWERS RATED 100%
CORRECT
Which of the following items is not reported on a company's income statement?
A. Operating Expenses
B. Corporate Sales
C. Declaration of a cash dividend to stock holders
D. Income net of expenses and interests paid to bondholders
C. Declaration of a cash dividend to stock holders
____________ allows an issuer to sell securities multiple times using the same registration
statement.
Shelf Registration
In connection with the solicitation of securities, the anti-fraud rule of U.S. securities law makes
it unlawful to omit a material fact necessary to make the statements made:
A. not misleading
B. understandable
C. confusing
D. deceptive
,A. not misleading
A married couple want to open a joint brokerage account in which each owner has an undivided
interest in the entire property. If one spouse dies, the other will retain rights to the entire
account. This account will be labeled as:
A. tenancy by the entirety
B. JTWROS
C. conservatorship of the whole
D. free and clear rights of survivorship
B. JTWROS
(Joint Tenancy with Rights of Survivorship)
A copy machine technician has learned of a major product recall announcement that will have a
significant impact on corporate profits while working at the site. He contacts several friends and
tells them to dump their stock in this company. In this situation:
Although the technician is not an insider, he has violated his fiduciary responsibility toward
confidential information about this company, and is guilty of misappropriation of information.
The date on which the interest on a new municipal issue will begin accruing is the:
A. filing date
,B. delivery date
C. closing date
D. dated date
D. dated date
Scott's broker-dealer was an underwriter in XYZ company's IPO. One year later, Scott wants to
hold shares of XYZ in a discretionary account that he manages for a customer for a fee. Under
FINRA Rule 2269, Scott is required to disclose the underwriting relationship:
A. to the client, in writing
B. to the client, only verbally
C. to the SEC, in writing
D. to the supervisory authority at his broker-dealer
A. to the client, in writing
The contract between a business issuing public stock and its lead underwriter is the:
A. Agreement Among Underwriters
B. Selected Dealer Agreement
C. Underwriting Agreement
D. Trust Indenture
C. Underwriting Agreement
, As compared to U.S. Treasury securities, U.S. Agency securities:
A. pay interest to investors less frequently
B. have slightly higher yields
C. benefit from tax exemptions on interest payments
D. trade actively in the secondary market
B. have slightly higher yields
A firm has sold securities to dealers with the intention of buying back the securities at a future
date. This transaction is an example of a:
repurchase agreement
What is the maximum age at which the account owner may contribute to a Roth IRA?
No age limit
A general partner in a limited partnership may engage in which of the following activities?
A. Borrowing money from the partnership
B. Making all investment decisions on behalf of the partnership
ACCURATE ANSWERS RATED 100%
CORRECT
Which of the following items is not reported on a company's income statement?
A. Operating Expenses
B. Corporate Sales
C. Declaration of a cash dividend to stock holders
D. Income net of expenses and interests paid to bondholders
C. Declaration of a cash dividend to stock holders
____________ allows an issuer to sell securities multiple times using the same registration
statement.
Shelf Registration
In connection with the solicitation of securities, the anti-fraud rule of U.S. securities law makes
it unlawful to omit a material fact necessary to make the statements made:
A. not misleading
B. understandable
C. confusing
D. deceptive
,A. not misleading
A married couple want to open a joint brokerage account in which each owner has an undivided
interest in the entire property. If one spouse dies, the other will retain rights to the entire
account. This account will be labeled as:
A. tenancy by the entirety
B. JTWROS
C. conservatorship of the whole
D. free and clear rights of survivorship
B. JTWROS
(Joint Tenancy with Rights of Survivorship)
A copy machine technician has learned of a major product recall announcement that will have a
significant impact on corporate profits while working at the site. He contacts several friends and
tells them to dump their stock in this company. In this situation:
Although the technician is not an insider, he has violated his fiduciary responsibility toward
confidential information about this company, and is guilty of misappropriation of information.
The date on which the interest on a new municipal issue will begin accruing is the:
A. filing date
,B. delivery date
C. closing date
D. dated date
D. dated date
Scott's broker-dealer was an underwriter in XYZ company's IPO. One year later, Scott wants to
hold shares of XYZ in a discretionary account that he manages for a customer for a fee. Under
FINRA Rule 2269, Scott is required to disclose the underwriting relationship:
A. to the client, in writing
B. to the client, only verbally
C. to the SEC, in writing
D. to the supervisory authority at his broker-dealer
A. to the client, in writing
The contract between a business issuing public stock and its lead underwriter is the:
A. Agreement Among Underwriters
B. Selected Dealer Agreement
C. Underwriting Agreement
D. Trust Indenture
C. Underwriting Agreement
, As compared to U.S. Treasury securities, U.S. Agency securities:
A. pay interest to investors less frequently
B. have slightly higher yields
C. benefit from tax exemptions on interest payments
D. trade actively in the secondary market
B. have slightly higher yields
A firm has sold securities to dealers with the intention of buying back the securities at a future
date. This transaction is an example of a:
repurchase agreement
What is the maximum age at which the account owner may contribute to a Roth IRA?
No age limit
A general partner in a limited partnership may engage in which of the following activities?
A. Borrowing money from the partnership
B. Making all investment decisions on behalf of the partnership
