FINRA PRACTICE SIE EXAM | QUESTIONS
AND RATED ANSWERS RATED A+ |
2025/2026 GUIDE
which of the following stakeholders has first claim priority in a chapter 11
proceeding?
equity holders
secured debt holders
unsecured debt holders
administrative claim holders
- Correct Answer - secured debt holders
a registered representative wants to participate in a private securities
transaction. which of the following actions must the RR take?
request a meeting with his supervisor to lay out the structure of the deal
call his supervisor and inform her of the deal and the RR's potential
involvement
send written notice to his supervisor outlining the activity and
compensation structure
initiate the paperwork required by the policies of the firm once the activity
has begun
- Correct Answer - send written notice to his supervisor outlining the
activity and compensation structure
,a RR is reviewing the following portfolio: 30% ABC Energy company,
30% health care company, 30% ETF, 10% money market funds. which
of the following risks is inherent in this portfolio?
credit
liquidity
political
non-systematic
- Correct Answer – non-systematic
which of the following products is adversely impacted if the issuer's
credit rating is downgraded?
mutual funds
unit investment trusts (UIT's)
exchange-traded funds (ETF's)
exchange-traded notes (ETN's)
- Correct Answer - ETN's
a broker-dealer is permitted to accept payment for a new issue from a
new customer when the:
registration is effective
red herring is delivered
preliminary prospectus is amended
, transaction takes place during the cooling-off period
- Correct Answer - registration is effective
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?
DTC
issuer
custodian
transfer agent
- Correct Answer - transfer agent
which of the following statement is true regarding a customer account
held as tenants in common?
the owners must equally share the assets
the ownership of the decedent's assets is governed by their will or state
law
tenants in common is permitted for use only for two individuals
tenants in common is permitted for use only for married couples or family
members
- Correct Answer - the ownership of the decedent's assets is governed
by their will or state law
AND RATED ANSWERS RATED A+ |
2025/2026 GUIDE
which of the following stakeholders has first claim priority in a chapter 11
proceeding?
equity holders
secured debt holders
unsecured debt holders
administrative claim holders
- Correct Answer - secured debt holders
a registered representative wants to participate in a private securities
transaction. which of the following actions must the RR take?
request a meeting with his supervisor to lay out the structure of the deal
call his supervisor and inform her of the deal and the RR's potential
involvement
send written notice to his supervisor outlining the activity and
compensation structure
initiate the paperwork required by the policies of the firm once the activity
has begun
- Correct Answer - send written notice to his supervisor outlining the
activity and compensation structure
,a RR is reviewing the following portfolio: 30% ABC Energy company,
30% health care company, 30% ETF, 10% money market funds. which
of the following risks is inherent in this portfolio?
credit
liquidity
political
non-systematic
- Correct Answer – non-systematic
which of the following products is adversely impacted if the issuer's
credit rating is downgraded?
mutual funds
unit investment trusts (UIT's)
exchange-traded funds (ETF's)
exchange-traded notes (ETN's)
- Correct Answer - ETN's
a broker-dealer is permitted to accept payment for a new issue from a
new customer when the:
registration is effective
red herring is delivered
preliminary prospectus is amended
, transaction takes place during the cooling-off period
- Correct Answer - registration is effective
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?
DTC
issuer
custodian
transfer agent
- Correct Answer - transfer agent
which of the following statement is true regarding a customer account
held as tenants in common?
the owners must equally share the assets
the ownership of the decedent's assets is governed by their will or state
law
tenants in common is permitted for use only for two individuals
tenants in common is permitted for use only for married couples or family
members
- Correct Answer - the ownership of the decedent's assets is governed
by their will or state law
