SIE FINRA 2023 Questions with All Correct Answers

SIE FINRA 2023 Questions with All Correct Answers The redemption value of an open-ended investment company's shares is based on the: - ANSWER Net assest value computed afdter the order is recieved An associated person who is not a registered representative is permitted to engage in which of the following activities? - ANSWER Provide account opening forms to a new customer A decline in the gross domestic product (GDP) must last for at least how many quarters to be considered a recession? - ANSWER 2 quarters When is interest on Treasury notes paid? - ANSWER Semiannually Which of the following communications with the public is considered misleading? - ANSWER Literature providing 10-year performance information to support predictions of future performance Which of the following stakeholders has first claim priority in a chapter 11 proceeding? - ANSWER Secured debt holders The last transaction in xyz 5.50s 2030 was at 102. This bond is selling at: - ANSWER A premium All of the following risks apply to both foreign and domestic debt instruments except: - ANSWER Exchange Under FINRA rules, which of the following activities by a registered representative require written notification to her firm? - ANSWER Driving part time for a transportation network company on weekends Which of the following investment risks is the greatest risk in a variable life insurance policy? - ANSWER Market risk Which of the following products is adversely impacted if the issuer's credit rating is downgraded? - ANSWER Exchange-traded notes (ETNs) Which of the following forms U4 reportable events results in a statutory disqualification? - ANSWER A felony conviction for a driving under the influence (DUI) charge In the event of a stock split, which of the following parties is required to maintain a record of the shareholders eligible to receive the additional shares? - ANSWER Transfer agent A firm is a participant in a public offering. To sell a substantial amount of the securities to its customers, the firm agrees to repurchase the shares at no less than the original sales price. Such agreements are: - ANSWER Prohibited as fraudulent and manipulative At the time of issuance, which of the following securities normally has the longest period to expiration? - ANSWER Warrants The call provision of a bond stipulates which of the following factors? - ANSWER Call date and call price