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SIE Exam SRO's Questions with 100% Correct Answers
UPDATED!!!
which of the following gifts would exceed the gift and gratuity
limitations established by FINRA?
a. an RR who service his mother-in-laws account pays for a 3
days cruise for her and her husband costing $2500
b. a branch manager of a firm who is a long-time friend of a
participant at another firm pays for dinner and a concert for the
2 couples, where dinner is $400 and the concert totals
$250/ticket
c. in celebration of a clearing firm reaching 20 years in business
an introducing firm who uses the clearing firm buys Rolex
watches (each valued over $2000) for 20 executives and
principals at the clearing firm
d. to congratulate a customer on the birth of her 1st child an RR
buys a $500 crib set for the customer - ANSWER c. buying the
Rolex watches for 20 executives and principals at the clearing
firm
the FINRA limit of $100/person applies to business-related
functions and gifts. the other listed options, although exceeding
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$100, are provided for family, friends, or are in relation to a
personal event of the customer.
manipulation of the market - ANSWER creating the false or
misleading appearance of activity in a stock market/ in respect
to the market for a security
selling away - ANSWER when a registered person with a
member firm participates in outside private securities
transactions without receiving approval of the firm
a violation of FINRA rules
which of the following is an improper way to disclose a member
firm's business continuity plan to customers?
a. in writing, at the time of opening the account
b. posting it on the firm's website
c. over the phone, if a customer calls inquiring about it
d. mailing it to the customer if requested - ANSWER c. over the
phone
SIE Exam SRO's Questions with 100% Correct Answers
UPDATED!!!
which of the following gifts would exceed the gift and gratuity
limitations established by FINRA?
a. an RR who service his mother-in-laws account pays for a 3
days cruise for her and her husband costing $2500
b. a branch manager of a firm who is a long-time friend of a
participant at another firm pays for dinner and a concert for the
2 couples, where dinner is $400 and the concert totals
$250/ticket
c. in celebration of a clearing firm reaching 20 years in business
an introducing firm who uses the clearing firm buys Rolex
watches (each valued over $2000) for 20 executives and
principals at the clearing firm
d. to congratulate a customer on the birth of her 1st child an RR
buys a $500 crib set for the customer - ANSWER c. buying the
Rolex watches for 20 executives and principals at the clearing
firm
the FINRA limit of $100/person applies to business-related
functions and gifts. the other listed options, although exceeding
, 2|Page
$100, are provided for family, friends, or are in relation to a
personal event of the customer.
manipulation of the market - ANSWER creating the false or
misleading appearance of activity in a stock market/ in respect
to the market for a security
selling away - ANSWER when a registered person with a
member firm participates in outside private securities
transactions without receiving approval of the firm
a violation of FINRA rules
which of the following is an improper way to disclose a member
firm's business continuity plan to customers?
a. in writing, at the time of opening the account
b. posting it on the firm's website
c. over the phone, if a customer calls inquiring about it
d. mailing it to the customer if requested - ANSWER c. over the
phone
