COMPREHENSIVE SIE PRACTICE EXAM QUESTIONS
& VERIFIED ANSWERS PASSED ALREADY GRADED
A+
1. The primary purpose of a syndicate desk in the con- build an orde
book and a
text of an equity offering is to: allocate the stock
2. Which of the following responses describes Lower management
an ad- vantage of index funds? fees due to passive
management of the
fund
3. Which of the following comparisons best
describes A primary distribution
involves-
the essential difference between a primary distribution a newly
issued
and a secondary distribution? shares by the issuer
while a secondary
distribution involves the
sale of al- ready issued
and outstanding shares.
4. The computation of dollar prices and 30/360
accrued inter- est on municipal bonds is
normally on what calendar basis?
5. Direct participation programs (DPPs) provide: exposure to non-correlated
assets
6. Call protection is most valuable to a bond effect of a
owner when bond prices are generally: stock
split?
7. Which of the following represents the
1/
71
,COMPREHENSIVE SIE PRACTICE EXAM QUESTIONS
& VERIFIED ANSWERS PASSED ALREADY GRADED
A+
8. Stability in the value of a debt portfolio is rising
greatest when:
9. Which of the following actions is required of The price per share of
a bro- ker-dealer's anti-money laundering common stock decreases
(AML) program?
maturities of the debt
securities are short.
Designating an AML
compliance officer
2/
71
,COMPREHENSIVE SIE PRACTICE EXAM QUESTIONS
& VERIFIED ANSWERS PASSED ALREADY GRADED
A+
10. Which of the following actions violates FINRA letter of
rules regarding selling away? intent on a
mutual fund
purchase is
valid for
11. Company ABC announces a 20% stock what
dividend for its common shareholders. If a maximum
customer holds 1,000 shares at $50.00, what period of
is the new price and number of shares time?
following the payment of the stock divi-
dend? 17. To offer its
shareholder
12. Roth 401(k) and Roth individual retirement s a privilege
account (IRA) plans share which of the to obtain its
following features? shares at a
fixed price,
which of the
13. An associated person who is not a registered
following
rep- resentative is permitted to engage in
prod- ucts
which of the following activities?
does a
14. The last transaction in XYZ 5.50s 2030 was corporation
at 102. This bond is selling at: issue?
15. A registered representative (RR) who wants to
place a mutual fund advertisement must
obtain written approval from which of the
following parties?
16. Under normal circumstances, a customer's
3/
71
,COMPREHENSIVE SIE PRACTICE EXAM QUESTIONS
& VERIFIED ANSWERS PASSED ALREADY GRADED
A+
Engaging in private secu- rities transactions without written prior consent
of the employing BD
1,200 shares at $41.67
Qualified distributions are excluded from federal in- come tax
Provide account opening forms to a new customer
a premium
A registered principal of the RR's firm
13 months
Rights
4/
71
& VERIFIED ANSWERS PASSED ALREADY GRADED
A+
1. The primary purpose of a syndicate desk in the con- build an orde
book and a
text of an equity offering is to: allocate the stock
2. Which of the following responses describes Lower management
an ad- vantage of index funds? fees due to passive
management of the
fund
3. Which of the following comparisons best
describes A primary distribution
involves-
the essential difference between a primary distribution a newly
issued
and a secondary distribution? shares by the issuer
while a secondary
distribution involves the
sale of al- ready issued
and outstanding shares.
4. The computation of dollar prices and 30/360
accrued inter- est on municipal bonds is
normally on what calendar basis?
5. Direct participation programs (DPPs) provide: exposure to non-correlated
assets
6. Call protection is most valuable to a bond effect of a
owner when bond prices are generally: stock
split?
7. Which of the following represents the
1/
71
,COMPREHENSIVE SIE PRACTICE EXAM QUESTIONS
& VERIFIED ANSWERS PASSED ALREADY GRADED
A+
8. Stability in the value of a debt portfolio is rising
greatest when:
9. Which of the following actions is required of The price per share of
a bro- ker-dealer's anti-money laundering common stock decreases
(AML) program?
maturities of the debt
securities are short.
Designating an AML
compliance officer
2/
71
,COMPREHENSIVE SIE PRACTICE EXAM QUESTIONS
& VERIFIED ANSWERS PASSED ALREADY GRADED
A+
10. Which of the following actions violates FINRA letter of
rules regarding selling away? intent on a
mutual fund
purchase is
valid for
11. Company ABC announces a 20% stock what
dividend for its common shareholders. If a maximum
customer holds 1,000 shares at $50.00, what period of
is the new price and number of shares time?
following the payment of the stock divi-
dend? 17. To offer its
shareholder
12. Roth 401(k) and Roth individual retirement s a privilege
account (IRA) plans share which of the to obtain its
following features? shares at a
fixed price,
which of the
13. An associated person who is not a registered
following
rep- resentative is permitted to engage in
prod- ucts
which of the following activities?
does a
14. The last transaction in XYZ 5.50s 2030 was corporation
at 102. This bond is selling at: issue?
15. A registered representative (RR) who wants to
place a mutual fund advertisement must
obtain written approval from which of the
following parties?
16. Under normal circumstances, a customer's
3/
71
,COMPREHENSIVE SIE PRACTICE EXAM QUESTIONS
& VERIFIED ANSWERS PASSED ALREADY GRADED
A+
Engaging in private secu- rities transactions without written prior consent
of the employing BD
1,200 shares at $41.67
Qualified distributions are excluded from federal in- come tax
Provide account opening forms to a new customer
a premium
A registered principal of the RR's firm
13 months
Rights
4/
71
