SIE Exam questions correctly answered to pass 2023

SIE Exam questions correctly answered to pass 2023 1933 Securities Act (Paper Act) - correct answer sets forth accounting and disclosure requirements for initial offerings of securities (stocks and bonds) 1934 Securities and Exchange Commission (SEC) - correct answer Supervised the country's Stock Commission Exchanges and eliminated dishonest practices Maloney Act of 1938 - correct answer Allowed self-regulation of securities industry through trade associations such as the National Association of Securities Dealers (NASD) Investment Company Act of 1940 - correct answer created and regulated mutual funds Investment Advisers Act of 1940 - correct answer focuses on people and organizations that seek to provide financial advice to investors and defines "investment adviser" Securities Investor Protection Corporation (SIPC) - correct answer a nonprofit corporation, created by Congress and subject to SEC and congressional oversight, that insures customer accounts against the financial failure of a brokerage firm Employee Retirement Income Security Act (ERISA) - correct answer Federal law that increased the responsibility of pension plan trustees to protect retirees, established certain rights related to vesting and portability, and created the Pension Benefit Guarantee Corporation Insider Trading and Securities Fraud Enforcement Act of 1988 - correct answer provides clarification on the penalties for violating insider trading rules that prohibit the use of material non-public information USA Patriot Act - correct answer Antiterrorism law that allowed the government certain rights to help chase and capture terrorists Dodd-Frank Wall Street Reform and Consumer Protection Act - correct answer represented an effort to reshape the U.S. regulatory system in the areas of consumer protection, trading restrictions, credit ratings, regulation of financial products, transparency and corporate governance and disclosure Uniform Practice Code (UPC) under FINRA - correct answer standardizes the dates and times for each type of settlement Rules of Conduct/Fair Practice under FINRA - correct answer address dealings with the public on the part of brokers/dealers as member firms "you must treat the customer well"