FINRA SIE EXAM |ACTUAL QUESTIONS AND
VERIFIED ANSWERS|BRAND NEW 2026-2027
UPDATE|GRADED A+
Question 1
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
CORRECT ANSWER
NAV computed after the order is received
Question 2
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
CORRECT ANSWER
30/360
Question 3
Blue-sky laws are regulated by which of the following entities?
1
@THE STUDY VAULT
,SEC
MSRB
FINRA
state securities regulators
CORRECT ANSWER
State securities regulators
Question 4
At the time of issuance, which of the following securities normally has the longest period
to expiration?
Rights
Options
Warrants
Repurchase agreements
CORRECT ANSWER
Warrants
Question 5
Regular way settlement on Treasury Bonds is:
same day
next business day
second business day
fifth business day
CORRECT ANSWER
next business day
2
@THE STUDY VAULT
, Question 6
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.
CORRECT ANSWER
prohibited as fraudulent and manipulative
Question 7
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
CORRECT ANSWER
the policies to protect the security of nonpublic information
Question 8
UTMA accounts are opened under the tax ID number of the:
minor
donor
3
@THE STUDY VAULT
VERIFIED ANSWERS|BRAND NEW 2026-2027
UPDATE|GRADED A+
Question 1
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
CORRECT ANSWER
NAV computed after the order is received
Question 2
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
CORRECT ANSWER
30/360
Question 3
Blue-sky laws are regulated by which of the following entities?
1
@THE STUDY VAULT
,SEC
MSRB
FINRA
state securities regulators
CORRECT ANSWER
State securities regulators
Question 4
At the time of issuance, which of the following securities normally has the longest period
to expiration?
Rights
Options
Warrants
Repurchase agreements
CORRECT ANSWER
Warrants
Question 5
Regular way settlement on Treasury Bonds is:
same day
next business day
second business day
fifth business day
CORRECT ANSWER
next business day
2
@THE STUDY VAULT
, Question 6
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.
CORRECT ANSWER
prohibited as fraudulent and manipulative
Question 7
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
CORRECT ANSWER
the policies to protect the security of nonpublic information
Question 8
UTMA accounts are opened under the tax ID number of the:
minor
donor
3
@THE STUDY VAULT
