SIE Practice Exam |95 Questions| With Complete Solutions
when a broker dealer charges a commission on a securities transaction, he is acting as: correct answer: an agent in the event of a stock split, who maintains a record of the shareholders eligible to receive additional shares? correct answer: transfer agent an associated person who is not a registered representative is permitted to engage in what activity? correct answer: provide account opening forms to a new customer what type of security provides investors with a stated maturity date, a floating interest rate, and an option to put the security back to financial intermediary on a daily or weekly basis? correct answer: variable rate demand note no-load mutual funds may have lower expense ratios than load mutual funds for what reason? correct answer: no load funds are not permitted to charge a 12b-1 fee greater than 25 basis points direct participation programs (DPP's) provide: correct answer: exposure to non-correlated assets with steady returns a broker-dealer is permitted to accept payment for a new issue from a new customer when the: correct answer: registration is effective
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sie practice exam |95 questions| with complete sol
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