VALID FINRA SIE QUESTIONS - LATEST RELEASE TO PASS FINRA EXAM

Valid FINRA SIE Questions - Latest Release To Pass FINRA Exam

Valid FINRA SIE Questions - Latest Release To Pass FINRA Exam

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Tags: SIE Reliable Exam Prep, Latest SIE Exam Question, SIE Fresh Dumps, SIE Online Version, Valid Dumps SIE Book

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FINRA SIE Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understanding Products and Their Risks: This section of the exam measures the skills of Investment Analysts and examines different financial products and associated risks. Candidates must understand equity securities, including common stock, as well as debt instruments such as Treasury securities and mortgage-backed securities.
Topic 2
  • Understanding Trading, Customer Accounts, and Prohibited Activities: This section of the exam measures the skills of Securities Traders and focuses on different trading strategies, settlement processes, and corporate actions. Candidates must demonstrate knowledge of order types, including market, limit, stop, and good-til-canceled orders, as well as bid-ask spreads and discretionary versus non-discretionary trading.
Topic 3
  • 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.

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Latest SIE Exam Question | SIE Fresh Dumps

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FINRA Securities Industry Essentials Exam (SIE) Sample Questions (Q131-Q136):

NEW QUESTION # 131
Which of the following transactions gives a U.S. citizen the most efficient means to invest in the stock of an overseas corporation that trades only on a foreign exchange?

  • A. Purchase an American Depositary Receipt (ADR) on a domestic exchange
  • B. Purchase an ETF on the foreign exchange
  • C. Purchase an option on the stock on a domestic exchange
  • D. Purchase a U.S.-based mutual fund that invests in foreign stocks

Answer: A

Explanation:
American Depositary Receipts (ADRs) allow U.S. investors to efficiently invest in foreign corporations without the need to trade on foreign exchanges. ADRs are traded on U.S. exchanges and represent shares of foreign companies.
* D is correctbecause ADRs are designed for this purpose, simplifying currency exchange and reporting requirements for U.S. investors.
* Ais incorrect because directly purchasing an ETF on a foreign exchange requires additional steps, such as foreign account setup.
* Bis incorrect because options are derivative products, not direct investments in the stock.
* Cis less efficient because mutual funds may not provide direct exposure to the specific corporation.


NEW QUESTION # 132
SEC Regulation S-P (Consumer Privacy) requires certain information to be included in privacy notices delivered to customers of broker-dealers (BDs). Which of the following information is required to be included in the privacy notice?

  • A. The website and telephone number of the Consumer Financial Protection Bureau (CFPB)
  • B. The name and telephone number of the BD's chief compliance officer
  • C. The BD's policies and practices for protecting the customer's nonpublic personal information
  • D. The website and telephone number of SIPC

Answer: C

Explanation:
Regulation S-P mandates that broker-dealers disclose how they collect, protect, and share customers' nonpublic personal information. The privacy notice must include:
* The categories of information collected.
* The firm's policies for safeguarding data.
* Opt-out rights for sharing information with unaffiliated third parties.
* D is correctbecause privacy notices must describe policies for protecting customer information.
* A,B, andCare incorrect because they do not relate to the required elements of Regulation S-P privacy notices.


NEW QUESTION # 133
A municipal securities dealer makes a political contribution of $990 to a local mayoral candidate. At the end of the quarter, to whom, if anyone, must the dealer report the contribution?

  • A. MSRB
  • B. SEC
  • C. FINRA
  • D. No disclosure required as the amount is below the reporting threshold

Answer: A

Explanation:
Step by Step Explanation:
* MSRB Rule G-37: Requires municipal securities dealers to report contributions to the MSRB, even if the amount is below the $1,000 threshold that would trigger a two-year prohibition on municipal business.
* Incorrect Options:
* SEC and FINRA: Not involved in reporting political contributions for municipal securities.
References:
* MSRB Rule G-37 (Political Contributions): MSRB Rule G-37.


NEW QUESTION # 134
A customer purchases $3,000 of XYZ, which settles today in a margin account. The customer has no other positions or balances. According to initial margin requirements, what is the amount of the required deposit?

  • A. $1,500
  • B. $2,000
  • C. $3,000
  • D. $2,500

Answer: B

Explanation:
Under Federal Reserve Regulation T, customers must deposit at least 50% of the purchase price for margin trades. However, theminimum deposit requirement is $2,000, regardless of the 50% rule, if the account is below this threshold.
* 50% of $3,000 = $1,500.
* Since $1,500 is less than the $2,000 minimum, the customer must deposit the full $2,000.
* B is correctbecause $2,000 is the required minimum deposit.
* Ais incorrect because the $1,500 calculation does not meet the minimum.
* CandDare incorrect because they exceed the minimum deposit requirement.


NEW QUESTION # 135
Before an affiliate of an issuer is permitted to sell 10,000 shares of restricted securities, which of the following conditions must be met?

  • A. The company must be traded on a listed stock exchange.
  • B. The shares to be sold must be less than 10% of the average daily trading volume (ADTV) of the security.
  • C. The affiliate must have a holding period of six months.
  • D. The issuer must notify FINRA of the proposed sale by submitting a Form 144.

Answer: C

Explanation:
Step by Step Explanation:
* Rule 144 Holding Period: Restricted securities held by affiliates require a six-month holding period before sale, provided the issuer is subject to SEC reporting requirements.
* Other Options:
* Notification to FINRA (C) is incorrect; Form 144 is submitted to the SEC, not FINRA.
* The 10% ADTV limitation (D) applies to the volume of shares sold, not the conditions for sale.
References:
* SEC Rule 144 (Selling Restricted Securities): SEC Rule 144.


NEW QUESTION # 136
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