(Latest questions) SIE PRACTICE EXAM QUESTIONS AND ANSWERS PRACTICE TEST 2023

SIE PRACTICE EXAM QUESTIONS AND ANSWERS PRACTICE TEST 2023 Under the Uniform Transfers to Minors Act (UTMA) a custodian has control over the account and can do each of the following EXCEPT sell short and write uncovered call options An individual is solicited with a cold call made by a registered representative. He tells the representative he is not interested in this investment or in making any future investments. Which of the following actions is required by the Telephone Consumer Protection Act of 1991? No calls may be made to the prospect by anyone at the firm Which of the following are TRUE regarding mutual fund sales charges? They are used to defray fund expenses, such as operating costs and salaries. They are set by the fund's transfer agent. They are not an expense to the fund, but to the investor. They are used to compensate the fund's underwriter and sales representatives. They are not an expense to the fund, but to the investor and they are used to compensate the fund's underwriter and sales representatives An investor anticipates that a fall in interest rates is imminent. This investor, now wanting to purchase bonds in order to lock in interest income, would likely buy noncallable bonds Which of the following describes the results of a 1 for 2 reverse stock split? Half as many shares at twice the original price Associated persons or registered representatives who want to work outside of their existing employment with their current broker-dealer may do so if they provide prior written notice to the member. In which of the following would notice not be required? They will be involved in extensive fundraising activities for a charitable institution Of the following stocks, which would be defined as penny stocks? Nasdaq listed stock trading at $4 per share Bulletin Board stock trading at $4 per share Exchange Listed stock trading at $4 per share "OTC Pink" stock trading at $4 per share Bulliton board stock trading at $4 per share and OTC pink stock trading at $4 per share When investing in overseas markets in foreign securities, investors should be aware of and understand currency risk