SIE Final Exam question and answers rated A+ already passed 2023

SIE Final Exam question and answers rated A+ already passed 2023 The department of a brokerage firm that advises a corporation regarding the structure and timing of a potential stock offering and also assists in the underwriting of securities is the - correct answer Investment banking department A customer has an account with a discount broker-dealer that specializes in online trading. If the customer is being charged a commission, the firm is MOST likely acting in which of the following capacities? - correct answer Agent Which of the following statements is TRUE regarding a prime broker? - correct answer It may execute and clear transactions, and may also provide securities lending services to a hedge fund The third market is concerned with: - correct answer Securities listed on an exchange, but traded in the OTC market If ABC Brokerage (a broker-dealer) purchases 600 shares of stock from a customer and places the securities into its inventory, it likely acted as a(n): - correct answer Dealer An investment advisory firm will charge customers which of the following? - correct answer A fee that's based on assets under management A broker-dealer acting in an agency capacity will charge customers a: - correct answer Commission When trading equity securities, the term dark pool is BEST defined as trading: - correct answer Between investors, allowing them to buy and sell securities anonymously without quotes being displayed Which of the following statements is NOT TRUE concerning a clearing corporation? - correct answer It is responsible for automated book-entry changes in the ownership of securities. The Pink Marketplace displays: - correct answer The market makers for stocks that are not