UNIT 10 SIE EXAM PREP QUESTIONS AND ANSWERS | VERIFIED AND UPDATED

UNIT 10 SIE EXAM PREP QUESTIONS AND ANSWERS | VERIFIED AND UPDATED Which of the following is the largest self-regulating organization (SRO)? A) SEC B) CBOE C) FINRA D) MSRB - Answer️️ -C Financial Industry Regulatory Authority (FINRA) staff must submit new rules and await approval from which of the following regulatory bodies prior to becoming effective? A) Securities and Exchange Commission (SEC) B) Municipal Securities Rule Board (MSRB) C) TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD OWNER: EMILLYCHARLOTTE COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED FIRST PUBLISHED: SEPTEMBER 2024 2/14 Chicago Board Options Exchange (CBOE) D) New York Stock Exchange (NYSE) - Answer️️ -A The Uniform Practice Code (UPC) establishes uniform trade practices pertaining to all of the following except A) settlement and ex-dates. B) don't know (DK) procedures. C) good-delivery procedures. D) communications with the public. - Answer️️ -D Which of the following organizations looks to promote self-discipline among members and investigate and resolve grievances between the public and members and between members? A) Municipal Securities Rule Board (MSRB) B) Financial Industry Regulatory Authority (FINRA) C) TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD OWNER: EMILLYCHARLOTTE COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED FIRST PUBLISHED: SEPTEMBER 2024 3/14 Securities Investor Protection Corporation (SIPC) D) Securities and Exchange Commission (SEC) - Answer️️ -B Financial Industry Regulatory Authority (FINRA)'s Conduct Rules are designed to promote A) efficient and just handling of trade practice violations. B) settlement of disputes between member firms without resorting to the courts. C) uniform trade practices for firms to follow when dealing with other member firms. D) fair and ethical trade practices when dealing with the public. - Answer️️ -D Which of the following sets of FINRA rules focuses on disputes in the industry and with customers who have filed a predispute agreement? A) Code of Procedures B) Uniform Practice Code C) Conduct Rules TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD OWNER: EMILLYCHARLOTTE COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED FIRST PUBLISHED: SEPTEMBER 2024 4/14 D) Code of Arbitration - Answer️️ -D Should a member firm or an associated person be found in violation of Financial Industry Regulatory Authority (FINRA)'s Conduct Rules, a number of sanctions may be imposed. However, under the Code of Procedure, FINRA may not A) bar an associated person from the industry forever. B) censure the violator. C) issue a fine to a member firm or associate. D) impose a prison sentence on the violator. - Answer️️ -D Which of the following sets of FINRA rules focuses on broker-dealers doing business with other broker-dealers? A) Conduct Rules B) Uniform Practice Code C) Code of Procedures