SIE Practice Mock - SIE Real Testing Environment

The FINRA SIE certification is a valuable credential and comes with certain benefits. You can use Securities Industry Essentials Exam (SIE) exam certificate to inspire managers or employers. For many professionals, the FINRA SIE Certification Exam will not only validate your expertise but also gives you an edge in the job market or the corporate ladder.

FINRA SIE Exam Syllabus Topics:

Topic	Details
Topic 1	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.
Topic 2	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 3	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.

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100% Pass SIE - Securities Industry Essentials Exam (SIE) Accurate Practice Mock

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FINRA Securities Industry Essentials Exam (SIE) Sample Questions (Q133-Q138):

NEW QUESTION # 133
A retail investor owns shares of Mutual Fund ABC that paid a $0.25 dividend on September 1 and closed at
$10.00. What is the opening price once this fund trades on the ex-dividend date?

A. $9.25
B. $10.00
C. $9.75
D. $10.25

Answer: C

Explanation:
Step by Step Explanation:
* Ex-Dividend Date Pricing: On the ex-dividend date, the mutual fund's price is adjusted downward by the amount of the dividend.
* Closing Price: $10.00
* Dividend: $0.25
* Adjusted Opening Price: $10.00 - $0.25 = $9.75.
* Incorrect Options:
* A: $9.25 subtracts more than the dividend amount.
* C: $10.00 does not reflect the dividend adjustment.
* D: $10.25 adds to the price rather than subtracting the dividend.
References:
* SEC Guidance on Mutual Fund Pricing: SEC Mutual Funds.

NEW QUESTION # 134
A bond with a par value of $1,000 that is backed by the taxing power of a local government is known as:

A. A corporate bond
B. A revenue bond
C. A general obligation (GO) bond
D. A Treasury bond

Answer: C

Explanation:
Step by Step Explanation:
* General Obligation (GO) Bonds: Backed by the full faith and credit of the issuing municipality, relying on its taxing power for repayment.
* Revenue Bonds: Supported by revenues from a specific project or source.
* Treasury Bonds: Issued by the federal government.
* Corporate Bonds: Issued by corporations, not municipalities.
References:
* SEC Municipal Bond Guide: SEC GO Bonds.

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

Answer: B

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
Which of the following responses best characterizes a money market mutual fund?

A. Its price is fixed at $1 per share.
B. Its underlying investments are short term.
C. It pays a fixed rate of return.
D. Its yield always exceeds a savings account rate.

Answer: B

Explanation:
Money market mutual funds invest in highly liquid, short-term debt instruments, such as Treasury bills, commercial paper, and certificates of deposit. While the funds aim to maintain a stable $1 NAV, this is not guaranteed.
* C is correctbecause the fund's investments are short term.
* Ais incorrect because the rate of return is not fixed; it varies with market interest rates.
* Bis incorrect because while the fund tries to maintain a $1 NAV, it is not guaranteed.
* Dis incorrect because yields do not always exceed those of savings accounts.

NEW QUESTION # 137
Which of the following responses describes treasury stock?

A. U.S. government securities held by a corporation
B. Restricted stock owned by officers
C. Stock subsequently reacquired by the issuer
D. Authorized but unissued stock

Answer: C

Explanation:
Treasury stock refers to shares that were issued by a company and subsequently repurchased by the company.
These shares are held in the company's treasury and are not considered outstanding.
* C is correctbecause treasury stock is stock reacquired by the issuer.
* Ais incorrect because authorized but unissued stock has never been issued.
* Bis incorrect because restricted stock refers to shares issued with restrictions on transferability, not reacquired stock.
* Dis incorrect because it incorrectly refers to government securities, not corporate stock.

NEW QUESTION # 138
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SIE Practice Mock - SIE Real Testing Environment

FINRA SIE Exam Syllabus Topics:

100% Pass SIE - Securities Industry Essentials Exam (SIE) Accurate Practice Mock

FINRA Securities Industry Essentials Exam (SIE) Sample Questions (Q133-Q138):

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