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SIE Exam Dumps - Securities Industry Essentials Exam (SIE)

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Question # 17

Shares in a private investment in public equity (PIPE) offering are priced:

A.

At the current market value per share.

B.

Below the current market value per share.

C.

Above the current market value per share.

D.

At the public offering price (POP) as determined by the underwriters.

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Question # 18

Which of the following statements is true about a corporation's balance sheet?

A.

It is also called a profit and loss statement.

B.

It summarizes a company's revenues and expenses for the firm's fiscal year.

C.

It lists a company's assets, liabilities, and net worth on the date the statement was prepared.

D.

It reports where a corporation's cash is being generated and where its cash is being spent for a specific period.

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Question # 19

Executing trades using the delivery versus payment (DVP) settlement process requires the buyer to make a cash payment by which of the following deadlines?

A.

On the 5th business day after execution

B.

Before or at the same time as securities being delivered

C.

No later than 3 days after the securities are delivered

D.

By the agreed-upon settlement date with the issuer

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Question # 20

The formation of an asset-backed security or debt obligation that represents a claim on the cash flows from mortgage loans is known as:

A.

Securitization

B.

Hypothecation

C.

Loan processing

D.

Claim processing

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Question # 21

Which of the following statements best describes the permissibility of a borrowing arrangement between a registered representative (RR) and a customer who is also the RR's grandfather?

A.

It is permissible subject to FINRA approval.

B.

It is permissible if the grandfather agrees in writing.

C.

It is permissible if the loan was made on commercially reasonable terms.

D.

It is permissible provided that the loan was made in accordance with the firm's policies.

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Question # 22

A customer is unhappy about a $5,000 loss in a stock that the registered representative (RR) recommended and threatens to call FINRA's Securities Helpline for Seniors about the matter. What is the most appropriate next step for the RR to take?

A.

The RR should notify their supervisor about the customer's dissatisfaction.

B.

The RR is permitted to reimburse the customer for the loss to resolve the customer's complaint.

C.

The RR should alert their compliance department to update their Form U4 with the complaint details.

D.

The RR should call FINRA's Securities Helpline for Seniors before the customer does and explain their side of the story.

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Question # 23

Which of the following disclosures is a municipal securities dealer required to provide its customers once every calendar year?

A.

The firm's address

B.

The firm's financial standing

C.

FINRA violations of all registered representatives

D.

The location and availability of the MSRB investor brochure

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Question # 24

A summary prospectus for a mutual fund must contain which of the following information?

A.

Projected return

B.

Investment objectives

C.

Fund's portfolio holdings

D.

Control persons and principal owners of the fund

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