TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
FINRA SIE Practice Exam Review
Questions and Answers | 100% Pass
Direct Participation Programs (DPPs) provide: - ✔️✔️Correct-exposure to non-correlated
assets with steady returns
Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer
opens and closes which of the following positions? - ✔️✔️Correct-The same stock in a
cash account without paying for the stock in full
Under the securities act of 1933, registration is required for which of the following
securities - ✔️✔️Correct-American Depository Receipts (ADRs)
A customer has a cash balance in her account together with long positions in several
securities. She has made no securities transactions in the account during the past 18
months. How often must her firm send her and account statement? - ✔️✔️Correct-
Quarterly
Under SEC Regulation S-P (Consumer Privacy), which of the following information must
a firm include in its customer privacy and opt-out notices? - ✔️✔️Correct-The policies that
protect the security of non-public information
What action is required of a broker dealer's anti money laundering (AML) program? -
✔️✔️Correct-Designating an AML compliance officer
1/7
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Which investment risk is the greatest risk in a variable life insurance policy - ✔️✔️Correct-
Market risk
What consideration should a registered representative explain to a customer when
recommending a 529 college savings plan - ✔️✔️Correct-potential deductibility of
contributions from state taxes
The redemption value of an open-end investment company's shares is based on the: -
✔️✔️Correct-NAV computed after the order is received
Describe treasury stocks - ✔️✔️Correct-They are issued stocks that have been
subsequently reacquired by the corporation
Call protection is most valuable to a bond owner when bond prices are generally: -
✔️✔️Correct-rising
An associated person who is not a registered representative is permitted to do what? -
✔️✔️Correct-Provide account opening forms to a new customer
Under normal circumstances, a customer's letter of intent on a mutual fund purchase is
valid for what maximum period of time? - ✔️✔️Correct-13 months
No-load mutual funds may have lower expense ratios than load mutual funds for which
of the following reasons? - ✔️✔️Correct-No-load funds are not permitted to charge a 12b-
1 fee greater than 25 basis points
2/7
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
FINRA SIE Practice Exam Review
Questions and Answers | 100% Pass
Direct Participation Programs (DPPs) provide: - ✔️✔️Correct-exposure to non-correlated
assets with steady returns
Under Federal Reserve Regulation T, a 90-day restriction is imposed when a customer
opens and closes which of the following positions? - ✔️✔️Correct-The same stock in a
cash account without paying for the stock in full
Under the securities act of 1933, registration is required for which of the following
securities - ✔️✔️Correct-American Depository Receipts (ADRs)
A customer has a cash balance in her account together with long positions in several
securities. She has made no securities transactions in the account during the past 18
months. How often must her firm send her and account statement? - ✔️✔️Correct-
Quarterly
Under SEC Regulation S-P (Consumer Privacy), which of the following information must
a firm include in its customer privacy and opt-out notices? - ✔️✔️Correct-The policies that
protect the security of non-public information
What action is required of a broker dealer's anti money laundering (AML) program? -
✔️✔️Correct-Designating an AML compliance officer
1/7
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Which investment risk is the greatest risk in a variable life insurance policy - ✔️✔️Correct-
Market risk
What consideration should a registered representative explain to a customer when
recommending a 529 college savings plan - ✔️✔️Correct-potential deductibility of
contributions from state taxes
The redemption value of an open-end investment company's shares is based on the: -
✔️✔️Correct-NAV computed after the order is received
Describe treasury stocks - ✔️✔️Correct-They are issued stocks that have been
subsequently reacquired by the corporation
Call protection is most valuable to a bond owner when bond prices are generally: -
✔️✔️Correct-rising
An associated person who is not a registered representative is permitted to do what? -
✔️✔️Correct-Provide account opening forms to a new customer
Under normal circumstances, a customer's letter of intent on a mutual fund purchase is
valid for what maximum period of time? - ✔️✔️Correct-13 months
No-load mutual funds may have lower expense ratios than load mutual funds for which
of the following reasons? - ✔️✔️Correct-No-load funds are not permitted to charge a 12b-
1 fee greater than 25 basis points
2/7
