FINRA Website SIE Practice Exam
Questions WITH Correct Answers
Under the Securities act of 1933, registration is required for which of the following
securities?
A. Eurodollar bonds
B. Municipal securities
C. American Depositary Receipts (ADRs)
D. Securities issued by the federal government - CORRECT ANSWER-C.
American Depositary Receipts
Which of the following outcomes are possible for the writer of a covered call
option?
A. Profit limited and loss limited
B. Profit limited and loss unlimited
C. Profit unlimited and loss limited
, D. Profit unlimited and loss unlimited - CORRECT ANSWER-A. Profit limited
and loss limited
A registered representative (RR) who wants to place a mutual fund advertisement
must obtain written approval from which of the following parties?
A. FINRA
B. Each State's securities administrator
C. A registered principal of the RR's firm
D. The investment management division of the appropriate regional SEC office -
CORRECT ANSWER-C. A registered principal of the RR's firm
An investor owns 100 shares of XYZ common stock at the current market price of
$50 per share. If XYZ conducts a 1-for-2 reverse stock split, the investor's post-
split stock position will be:
A. 50 shares at $25 per share
B. 50 shares at $100 per share
C. 200 shares at $25 per share
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
Questions WITH Correct Answers
Under the Securities act of 1933, registration is required for which of the following
securities?
A. Eurodollar bonds
B. Municipal securities
C. American Depositary Receipts (ADRs)
D. Securities issued by the federal government - CORRECT ANSWER-C.
American Depositary Receipts
Which of the following outcomes are possible for the writer of a covered call
option?
A. Profit limited and loss limited
B. Profit limited and loss unlimited
C. Profit unlimited and loss limited
, D. Profit unlimited and loss unlimited - CORRECT ANSWER-A. Profit limited
and loss limited
A registered representative (RR) who wants to place a mutual fund advertisement
must obtain written approval from which of the following parties?
A. FINRA
B. Each State's securities administrator
C. A registered principal of the RR's firm
D. The investment management division of the appropriate regional SEC office -
CORRECT ANSWER-C. A registered principal of the RR's firm
An investor owns 100 shares of XYZ common stock at the current market price of
$50 per share. If XYZ conducts a 1-for-2 reverse stock split, the investor's post-
split stock position will be:
A. 50 shares at $25 per share
B. 50 shares at $100 per share
C. 200 shares at $25 per share
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
