SIE Exam Section 4 Practice Questions and Answers | 100% Pass

SIE Exam Section 4 Practice Questions and Answers | 100% Pass Which of the following may register as an Investment Company and Variable Contracts Limited Principal after passing the Series 26 exam? I. Brokers whose activities are expressly limited to dealings of shares of open-end investment companies II. Brokers of closed end investment companies during the period of original issuance only. III. Brokers of variable contracts and insurance premium funding programs IV. Brokers whose activities are limited to dealings only in direct participation programs A. I and IV B. I, II, and III C. II, III, and IV D. I, II, III, and IV - Answer️️ -B Which of the following are grounds for statutory DQ except A. Any misdemeanor in the last 5 yrs B. Any felony in the last 10 yrs TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD OWNER: EMILLYCHARLOTTE COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED FIRST PUBLISHED: SEPTEMBER 2024 2/9 C. Lying on the U4 form D. Being barred by another SRO - Answer️️ -A A series 6 registered rep may take a customer order for all of the following invmts except A. A closed end fund in the secondary mkt B. A closed end fund in the primary mkt C. A no load mutual fund D. A sector mutual fund - Answer️️ -A If a municipal financial professional gives $300 to the campaign of the mayor in the city where the MFP lives, for what period of time is the MFPs employing municipal firm prohibited from doing a negotiated underwriting? A. 6 months B. 1 year C. 18 months D. 2 years - Answer️️ -D Registered persons on active duty in the US military who are placed on inactive status with FINRA A. Must retake a qualifying exam when they return from duty TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD OWNER: EMILLYCHARLOTTE COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED FIRST PUBLISHED: SEPTEMBER 2024 3/9 B. Are considered personnel for the purpose of paying FINRA dues C. May not earn commissions D. May earn commissions - Answer️️ -D Which of the following will be a violation of the Private Transactions Conduct Rule 3040? A. An associated person offering securities that are not registered with the Commission B. An associated person entering into a series of private transactions C. An associated person being involved in a private transaction for compensation on behalf of a member firm D. An associated person entering a transaction with an immediate family member not for compensation - Answer️️ -A A registered rep has failed to complete her regulatory element on time. Which of the following is TRUE A. The rep will automatically be given a 120 day extension period to complete the required training B. The reps registration will be revoked and the rep will have to submit a new Form U4 and retake a qualification exam C. The rep may continue to perform all duties as a regist