SIE PRACTICE 2026 EXAMS WITH CORRECT -
SOLUTIONS GRADED A+ /PRACTICE TEST
2026
1. What does the Securities act of 1934 state - -ANS☑️☑️--1) Regulates
securities trading on secondary markets 2) Requires certain issuers to
disclose information 3) File periodic reports to the SEC if they have over $10
mil in assets or 500+ shareholders
2. What does the investment advisers act of 1940 state - -ANS☑️☑️--1) Limits
how investment advisers can advertise by banning misleading or deceptive
ads 2) Defined accredited investors and qualified clients
3. What does the investment company act of 1940 state - -ANS☑️☑️--1)
Requires investment companies to disclose how they operate, what they
invest in, and their financial condition
4. What are accredited investors - -ANS☑️☑️--An individual with a net word
exceeding $1 million or a couple both earing $200k and $300k for 2
successive years
5. What are qualified clients - -ANS☑️☑️--An individual who meets specific
wealth or asset requirements
6. What is the SEC - -ANS☑️☑️--A government oversight agency in place to
protect (market participants) investors and make fair and efficent markets
7. When was the SEC established - -ANS☑️☑️--1934
, 8. What does the Securities act of 1933 state - -ANS☑️☑️--Requires full
disclosure of important information to prevent fraud from companies, with
enforcement handled by the SEC
9. Who can be charged performance based fees - -ANS☑️☑️--accredited
investors and qualified clients
10. What is SRO - -ANS☑️☑️--Self Regulatory Organizations
11. What are some SROS - -ANS☑️☑️--New York Stock Exchange (NYSE),
Chicago Board Options Exchange (CBOE), FINRA, & Municipal Securities
Regulatory Boards (MSRB)
12. When was the New York Stock Exchange created - -ANS☑️☑️--1792
13. When was the Chicago Board Options Exchange created - -ANS☑️☑️--1973
14. What is FINRA - -ANS☑️☑️--A non profit org supervised by the SEC
charged with overseeing broker-dealer in the USA
15. What is FINRAS responsibility - -ANS☑️☑️--Meant to protect the investing
public by writing and enforcing rules to broker-dealers for market
transparency
SOLUTIONS GRADED A+ /PRACTICE TEST
2026
1. What does the Securities act of 1934 state - -ANS☑️☑️--1) Regulates
securities trading on secondary markets 2) Requires certain issuers to
disclose information 3) File periodic reports to the SEC if they have over $10
mil in assets or 500+ shareholders
2. What does the investment advisers act of 1940 state - -ANS☑️☑️--1) Limits
how investment advisers can advertise by banning misleading or deceptive
ads 2) Defined accredited investors and qualified clients
3. What does the investment company act of 1940 state - -ANS☑️☑️--1)
Requires investment companies to disclose how they operate, what they
invest in, and their financial condition
4. What are accredited investors - -ANS☑️☑️--An individual with a net word
exceeding $1 million or a couple both earing $200k and $300k for 2
successive years
5. What are qualified clients - -ANS☑️☑️--An individual who meets specific
wealth or asset requirements
6. What is the SEC - -ANS☑️☑️--A government oversight agency in place to
protect (market participants) investors and make fair and efficent markets
7. When was the SEC established - -ANS☑️☑️--1934
, 8. What does the Securities act of 1933 state - -ANS☑️☑️--Requires full
disclosure of important information to prevent fraud from companies, with
enforcement handled by the SEC
9. Who can be charged performance based fees - -ANS☑️☑️--accredited
investors and qualified clients
10. What is SRO - -ANS☑️☑️--Self Regulatory Organizations
11. What are some SROS - -ANS☑️☑️--New York Stock Exchange (NYSE),
Chicago Board Options Exchange (CBOE), FINRA, & Municipal Securities
Regulatory Boards (MSRB)
12. When was the New York Stock Exchange created - -ANS☑️☑️--1792
13. When was the Chicago Board Options Exchange created - -ANS☑️☑️--1973
14. What is FINRA - -ANS☑️☑️--A non profit org supervised by the SEC
charged with overseeing broker-dealer in the USA
15. What is FINRAS responsibility - -ANS☑️☑️--Meant to protect the investing
public by writing and enforcing rules to broker-dealers for market
transparency
