Finra SIE Exam: Finra SIE Exam Study Guide: Latest Updated : Guaranteed A+ Score Guide

Which of the following actions is requires when a firm receives cash in excess of $10,000 from one customer in one business day (Ans- File a Currency Transaction Report (CTR) Which of the following consideration should a registered representative explain to a customer when recommending a 529 college savings plan (Ans- The potential destructibility of contributions from state taxes Which of the following security types provides investors with a stated maturity date, a floating interest rate, and an option to put the security back to a financial intermediary on a daily or weekly basis (Ans- Variable rate demand note A married couple who earned income that exceeded $300,000 in each of the prior two years and reasonably expects the same for the current year is: (Ans- an accredited investor A company announces a tender offer to its shareholders with the intent to buy a maximum of 1 million shares of its outstanding stock at $10 per share and sets no minimum number of shares to be purchased. An investor wants to participate in this offer and tenders his 1,000 share position. At the close of the offer period, only 900,000 shares have been tendered. How many, if any, of the investor’s shares will the company purchase (Ans- 1,000 To offer its shareholders a privilege to obtain its shares at a fixed price, which of the following products does a corporation issue (Ans- Rights All of the following risks apply to both foreign and domestic debt instruments except: (Ans- exchange The computation of Dollar prices and accrued interests on municipal bonds is normally on what calendar basis (Ans- 30/360 Which of the following statements is true about all U.S. government agency issues (Ans- They are exempt from registration under the Securities Act of 1933 At the time of issuance, which of the following securities normally has the longest period to expiration (Ans- Warrants