HOT VALID SIE TEST QUESTION | EFFICIENT FINRA SIE: SECURITIES INDUSTRY ESSENTIALS EXAM (SIE) 100% PASS

Hot Valid SIE Test Question | Efficient FINRA SIE: Securities Industry Essentials Exam (SIE) 100% Pass

Hot Valid SIE Test Question | Efficient FINRA SIE: Securities Industry Essentials Exam (SIE) 100% Pass

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Tags: Valid SIE Test Question, Guaranteed SIE Questions Answers, Online SIE Training Materials, SIE Valid Exam Dumps, Free SIE Download Pdf

The FINRA SIE web-based practice exam software can be easily accessed through browsers like Safari, Google Chrome, and Firefox. The customers do not need to download or install excessive software or applications to take the Securities Industry Essentials Exam (SIE) (SIE) web-based practice exam. The SIE web-based practice exam software format can be accessed through any operating system like Windows or Mac.

FINRA SIE Exam Syllabus Topics:

TopicDetails
Topic 1
  • Market Structure: This section of the exam measures the skills of Equity Market Specialists and covers the classification of financial markets, including the primary, secondary, third, and fourth markets. Candidates must demonstrate knowledge of electronic trading, over-the-counter (OTC) markets, and physical exchanges. One specific skill tested is differentiating between various market types and their operational mechanisms.
Topic 2
  • Employee Conduct and Reportable Events: This section of the exam measures the skills of Financial Compliance Specialists and covers regulatory expectations regarding employee conduct and disclosure requirements. Candidates must be familiar with Form U4 and Form U5, as well as reporting obligations for outside business activities and political contributions.
Topic 3
  • Overview of the Regulatory Framework: This section of the exam measures the skills of Compliance Officers and evaluates knowledge of self-regulatory organization (SRO) requirements, including registration and continuing education for associated persons. Candidates must understand the distinction between registered and non-registered individuals and the requirements for maintaining industry qualifications.

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Guaranteed FINRA SIE Questions Answers - Online SIE Training Materials

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FINRA Securities Industry Essentials Exam (SIE) Sample Questions (Q132-Q137):

NEW QUESTION # 132
A customer buys 100 ABC at $50 and at the same time sells an ABC April 50 call at $8. At expiration, ABC must be at what market price for the customer to break even?

  • A. $42
  • B. $50
  • C. $44
  • D. $58

Answer: A

Explanation:
Step by Step Explanation:
* Breakeven Calculation: For covered call writing, breakeven is the stock purchase price minus the premium received.
* Purchase Price = $50
* Premium Received = $8
* Breakeven = $50 - $8 = $42.
* Other Options:
* B, C, and D: Incorrect because they do not reflect the proper calculation of stock price minus the premium.
References:
* Options Clearing Corporation (OCC) Education: OCC Options Guidance.


NEW QUESTION # 133
Which of the following is considered nonpublic information?

  • A. Customer's net worth
  • B. Customer's name
  • C. Customer's address
  • D. Customer's telephone number

Answer: A

Explanation:
Step by Step Explanation:
* Nonpublic Information: A customer's net worth is nonpublic personal information that requires confidentiality under Regulation S-P.
* Incorrect Options:
* A, B, and D: Names, addresses, and phone numbers may be public unless linked to specific financial or personal details.
References:
* SEC Regulation S-P (Privacy of Consumer Financial Information): SEC Regulation S-P.


NEW QUESTION # 134
Company XYZ is a U.S.-based provider of domestic utility services. XYZ's noncallable bonds pay a coupon rate of 5% and are currently yielding 9%. Market interest rates are currently 5.5%. An investor who purchases XYZ bonds is most exposed to which of the following risks?

  • A. Credit risk
  • B. Prepayment risk
  • C. Political risk
  • D. Currency risk

Answer: A

Explanation:
XYZ bonds have a yield higher than the coupon rate, indicating that their market price has decreased due to concerns about the issuer's creditworthiness.
* A is correctbecause the high yield suggests elevated credit risk.
* Bis incorrect because domestic utility companies are unlikely to face political risk.
* Cis irrelevant as the bonds are denominated in U.S. dollars.
* Dis incorrect as prepayment risk is associated with callable bonds, not noncallable bonds.


NEW QUESTION # 135
A customer purchased 100 shares of Company XYZ common stock five years ago for $20.00 per share. Over the life of her investment, the customer received cash dividends of $2.00 per share, on which she paid total income taxes of $0.50 per share. She recently sold the stock for $30.00 per share. What is the customer's cost basis in each share of XYZ stock?

  • A. $20.00
  • B. $21.50
  • C. $22.00
  • D. $30.00

Answer: A

Explanation:
The cost basis of a stock represents the purchase price and does not include dividends received. Taxes paid on dividends also do not affect the cost basis.
* Original purchase price per share =$20.00.
* Dividends and taxes on dividends do not adjust the stock's cost basis.
* A is correctbecause the cost basis remains $20.00.
* B,C, andDincorrectly assume that dividends or taxes change the cost basis.


NEW QUESTION # 136
A registered representative (RR) opens a new account for a customer whose investment objectives are growth and income. She makes an initial deposit of $5,500 using a series of money orders drawn from different sources, and she makes no investments for the first 30 days the account is open. At the end of that time, the customer asks to have the funds wired to an account at a different firm as her needs have changed. The RR's first course of action should be to:

  • A. Report internally as a suspicious activity.
  • B. Deny the request.
  • C. Accept the instructions and wire the funds.
  • D. Freeze the account.

Answer: A

Explanation:
Step by Step Explanation:
* Suspicious Activity: The use of multiple money orders, lack of investment activity, and request to wire funds to another firm raise red flags for potential money laundering.
* FINRA Rules: The RR should escalate the issue by reporting internally and potentially filing a Suspicious Activity Report (SAR).
* Incorrect Options:
* A: Denying the request without investigation may violate customer instructions.
* B: Freezing the account requires a valid legal or regulatory basis.
* D: Processing the request without investigation could facilitate illegal activity.
References:
* FINRA Anti-Money Laundering (AML) Guidance: FINRA AML Rules.


NEW QUESTION # 137
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