TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
FINRA's SIE EXAM 1 QUESTIONS AND
ANSWERS | 100% PASS
An associated person who is not a registered representative is permitted to engage in
which of the following? - ✔️✔️Correct-provide account opening forms to a new customer
At issue, which of the following debt securities mature in one year or less? - ✔️✔️Correct-
money market instruments
Direct participation programs provide - ✔️✔️Correct-exposure to non-correlated assets
with steady returns
When are treasury notes paid? - ✔️✔️Correct-semi annually
Which of the following statements is true about all U.S government agency issues? -
✔️✔️Correct-they are exempt from registration under the Securities Act of 1933
Under Rule 144A, an issuer of restricted stock is permitted to sell to which of the
following investors? - ✔️✔️Correct-qualified instituional buyers (QIBs)
What is the effect of a stock split? - ✔️✔️Correct-the price per share of common stock
decreases
Under the Securities Act of 1933, registration is required for which of the following
securities? - ✔️✔️Correct-American Depository Receipts (ADRs)
Blue sky laws are regulated by which entities? - ✔️✔️Correct-state securities regulators
1/6
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
The primary purpose of a syndicate desk in the context of an equity offering is to -
✔️✔️Correct-build an order book and allocate the stock
Which of the following considerations should a registered representative explain to a
customer when reccomending a 529 college savings plan? - ✔️✔️Correct-the potential
deductibility of contributions from state taxes
Which of the following products is adversely impacted if the issuers credit rating is
downgraded? - ✔️✔️Correct-exchange trade notes (ETNs)
A customer has a cash balance in her account together with long positions in several
securities. She has made no securities transactions in the account during the past 18
months. How often must the firm send her account statement? - ✔️✔️Correct-quarterly
If a market maker posts a quote of 10.00-10.10 [25x10], which of the following actions is
the market maker willing to take? - ✔️✔️Correct-buy 2,500 shares at 10.00 and sell 1,000
shares at 10.10
Which of the following actions is required of a broker-dealers anti money laundering
(AML) program? - ✔️✔️Correct-designating an AML compliance officer
Which of the following investments are generally traded according to their average life
rather than their stated maturity dates? - ✔️✔️Correct-asset-backed securities
A customer buys a 1 ABC Jan 35 put for a premium of $3 and simultaneously buys 100
shares of ABC stock for $35 per share. The customer will break even when the stock is
selling at what price per share at expiration? - ✔️✔️Correct-$38
2/6
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
FINRA's SIE EXAM 1 QUESTIONS AND
ANSWERS | 100% PASS
An associated person who is not a registered representative is permitted to engage in
which of the following? - ✔️✔️Correct-provide account opening forms to a new customer
At issue, which of the following debt securities mature in one year or less? - ✔️✔️Correct-
money market instruments
Direct participation programs provide - ✔️✔️Correct-exposure to non-correlated assets
with steady returns
When are treasury notes paid? - ✔️✔️Correct-semi annually
Which of the following statements is true about all U.S government agency issues? -
✔️✔️Correct-they are exempt from registration under the Securities Act of 1933
Under Rule 144A, an issuer of restricted stock is permitted to sell to which of the
following investors? - ✔️✔️Correct-qualified instituional buyers (QIBs)
What is the effect of a stock split? - ✔️✔️Correct-the price per share of common stock
decreases
Under the Securities Act of 1933, registration is required for which of the following
securities? - ✔️✔️Correct-American Depository Receipts (ADRs)
Blue sky laws are regulated by which entities? - ✔️✔️Correct-state securities regulators
1/6
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
The primary purpose of a syndicate desk in the context of an equity offering is to -
✔️✔️Correct-build an order book and allocate the stock
Which of the following considerations should a registered representative explain to a
customer when reccomending a 529 college savings plan? - ✔️✔️Correct-the potential
deductibility of contributions from state taxes
Which of the following products is adversely impacted if the issuers credit rating is
downgraded? - ✔️✔️Correct-exchange trade notes (ETNs)
A customer has a cash balance in her account together with long positions in several
securities. She has made no securities transactions in the account during the past 18
months. How often must the firm send her account statement? - ✔️✔️Correct-quarterly
If a market maker posts a quote of 10.00-10.10 [25x10], which of the following actions is
the market maker willing to take? - ✔️✔️Correct-buy 2,500 shares at 10.00 and sell 1,000
shares at 10.10
Which of the following actions is required of a broker-dealers anti money laundering
(AML) program? - ✔️✔️Correct-designating an AML compliance officer
Which of the following investments are generally traded according to their average life
rather than their stated maturity dates? - ✔️✔️Correct-asset-backed securities
A customer buys a 1 ABC Jan 35 put for a premium of $3 and simultaneously buys 100
shares of ABC stock for $35 per share. The customer will break even when the stock is
selling at what price per share at expiration? - ✔️✔️Correct-$38
2/6
