1
FINRA PRACTICE SIE EXAM 2026-27 ACTUAL
TEST WITH QUESTIONS AND ANSWERS
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 - ANSWER****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 - ANSWER****30/360
Blue-sky laws are regulated by which of the
following entities? SEC
MSR
B
FINR
A
state securities regulators - ANSWER****State securities regulators
,2
At the time of issuance, which of the following securities normally
has the longest period to expiration?
Rights
Option
s
Warra
nts
,3
Repurchase agreements - ANSWER****Warrants
Regular way settlement on Treasury Bonds is:
same day
next business day
second business day
fifth business day - ANSWER****next business day
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. -
ANSWER****prohibited as fraudulent and manipulative
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 -
, 4
ANSWER****the policies to protect the security of nonpublic
information
UTMA accounts are opened under the tax ID
number of the: minor
FINRA PRACTICE SIE EXAM 2026-27 ACTUAL
TEST WITH QUESTIONS AND ANSWERS
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 - ANSWER****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 - ANSWER****30/360
Blue-sky laws are regulated by which of the
following entities? SEC
MSR
B
FINR
A
state securities regulators - ANSWER****State securities regulators
,2
At the time of issuance, which of the following securities normally
has the longest period to expiration?
Rights
Option
s
Warra
nts
,3
Repurchase agreements - ANSWER****Warrants
Regular way settlement on Treasury Bonds is:
same day
next business day
second business day
fifth business day - ANSWER****next business day
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. -
ANSWER****prohibited as fraudulent and manipulative
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 -
, 4
ANSWER****the policies to protect the security of nonpublic
information
UTMA accounts are opened under the tax ID
number of the: minor
