SIE Finra Questions and Answers Latest 2022:Already
solved correctly
The redemption value of an open-ended investment company's shares is based on the:
Net assest value computed afdter the order is recieved
An associated person who is not a registered representative is permitted to engage in
which of the following activities?
Provide account opening forms to a new customer
A decline in the gross domestic product (GDP) must last for at least how many quarters
to be considered a recession?
2 quarters
When is interest on Treasury notes paid?
Semiannually
Which of the following communications with the public is considered misleading?
Literature providing 10-year performance information to support predictions of future
performance
Which of the following stakeholders has first claim priority in a chapter 11 proceeding?
Secured debt holders
The last transaction in xyz 5.50s 2030 was at 102. This bond is selling at:
A premium
All of the following risks apply to both foreign and domestic debt instruments except:
Exchange
Under FINRA rules, which of the following activities by a registered representative
require written notification to her firm?
Driving part time for a transportation network company on weekends
Which of the following investment risks is the greatest risk in a variable life insurance
policy?
Market risk
Which of the following products is adversely impacted if the issuer's credit rating is
downgraded?
Exchange-traded notes (ETNs)
Which of the following forms U4 reportable events results in a statutory disqualification?
A felony conviction for a driving under the influence (DUI) charge
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?
Transfer agent
A firm is a participant in a public offering. To sell a substantial amount of the securities
to its customers, the firm agrees to repurchase the shares at no less than the original
sales price. Such agreements are:
Prohibited as fraudulent and manipulative
At the time of issuance, which of the following securities normally has the longest period
to expiration?
Warrants
, The call provision of a bond stipulates which of the following factors?
Call date and call price
A customer buys 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?
$38
FinCEN accomplishes its mission to safeguard the financial system from the abuses of
financial crime, including terrorist financing and money laundering, by enforcing:
The Bank Secrecy Act
Under SEC regulation S-P (consumer privacy), which of the following information must
a firm include in its customer privacy and opt-out notices?
The policies to protect the security of nonpublic information
In which of the following situations is an employee of a public company permitted to
trade upon information without violating insider trading laws?
An independent securities analyst explians to the employee why the earnings for the
company next quarter could be markedly poorer than expected
Which of the following statements is true regarding the concept of an annuity contract?
The kind of annuity selected partlyt determines the payment amounts to the annuitant.
Blue-sky laws are regulated by which of the following entities?
State-securities regulators
A registered representative is reviewing the following portfolio:
-30% ABC Energy Company
-30% XYX Health Care Company
-30%d Exchange-traded fund (tracks the S&P 500)
-10% Money market funds
Which of the following risks is inherent in this portfolio?
Nonsystematic
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:
An accredited investor
Under a system of statutory voting, a common stockholder has as many votes for each
vacancy on the board of directors as the number of:
Shares owned by the stockholder
Under Federal Reserve Regulation T, a 90 day restriction is imposed when a customer
opens and closes which of the following positions?
The same stock in a cash account without paying for the stock in full
In the over-the-counter market, the term "spread" referees to the difference between
the:
Bid and asked prices
Direct participation programs (Dpps) provide:
Exposure to non-correlated assets with steady returns
A savings account at a bank is guaranteed by which of the following entities?
FDIC
solved correctly
The redemption value of an open-ended investment company's shares is based on the:
Net assest value computed afdter the order is recieved
An associated person who is not a registered representative is permitted to engage in
which of the following activities?
Provide account opening forms to a new customer
A decline in the gross domestic product (GDP) must last for at least how many quarters
to be considered a recession?
2 quarters
When is interest on Treasury notes paid?
Semiannually
Which of the following communications with the public is considered misleading?
Literature providing 10-year performance information to support predictions of future
performance
Which of the following stakeholders has first claim priority in a chapter 11 proceeding?
Secured debt holders
The last transaction in xyz 5.50s 2030 was at 102. This bond is selling at:
A premium
All of the following risks apply to both foreign and domestic debt instruments except:
Exchange
Under FINRA rules, which of the following activities by a registered representative
require written notification to her firm?
Driving part time for a transportation network company on weekends
Which of the following investment risks is the greatest risk in a variable life insurance
policy?
Market risk
Which of the following products is adversely impacted if the issuer's credit rating is
downgraded?
Exchange-traded notes (ETNs)
Which of the following forms U4 reportable events results in a statutory disqualification?
A felony conviction for a driving under the influence (DUI) charge
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?
Transfer agent
A firm is a participant in a public offering. To sell a substantial amount of the securities
to its customers, the firm agrees to repurchase the shares at no less than the original
sales price. Such agreements are:
Prohibited as fraudulent and manipulative
At the time of issuance, which of the following securities normally has the longest period
to expiration?
Warrants
, The call provision of a bond stipulates which of the following factors?
Call date and call price
A customer buys 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?
$38
FinCEN accomplishes its mission to safeguard the financial system from the abuses of
financial crime, including terrorist financing and money laundering, by enforcing:
The Bank Secrecy Act
Under SEC regulation S-P (consumer privacy), which of the following information must
a firm include in its customer privacy and opt-out notices?
The policies to protect the security of nonpublic information
In which of the following situations is an employee of a public company permitted to
trade upon information without violating insider trading laws?
An independent securities analyst explians to the employee why the earnings for the
company next quarter could be markedly poorer than expected
Which of the following statements is true regarding the concept of an annuity contract?
The kind of annuity selected partlyt determines the payment amounts to the annuitant.
Blue-sky laws are regulated by which of the following entities?
State-securities regulators
A registered representative is reviewing the following portfolio:
-30% ABC Energy Company
-30% XYX Health Care Company
-30%d Exchange-traded fund (tracks the S&P 500)
-10% Money market funds
Which of the following risks is inherent in this portfolio?
Nonsystematic
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:
An accredited investor
Under a system of statutory voting, a common stockholder has as many votes for each
vacancy on the board of directors as the number of:
Shares owned by the stockholder
Under Federal Reserve Regulation T, a 90 day restriction is imposed when a customer
opens and closes which of the following positions?
The same stock in a cash account without paying for the stock in full
In the over-the-counter market, the term "spread" referees to the difference between
the:
Bid and asked prices
Direct participation programs (Dpps) provide:
Exposure to non-correlated assets with steady returns
A savings account at a bank is guaranteed by which of the following entities?
FDIC
