SIE Practice Exam 3

Each member broker-dealer is required to have a principal executive monitoring the firm’s adherence to SRO as well as State and Federal laws and regulations, known as the firm’s

In the industry, the term ‘Blue Chip’ most often is associated with:

When a customer places a purchase order for an NYSE stock and the trade is reported at a price which is different than the actual transaction price,

ETPs (exchange-traded products) generally include:

Under what conditions, if any, may an agent of a broker-dealer share in the profits and losses of a customer’s account?

Under the Internal Revenue Code as it pertains to traditional individual retirement accounts (IRA),

The agency in charge of maintaining a list of individuals and institutions for which opening a brokerage account may be prohibited or restricted is known as:

In order for a registered representative to maintain their securities license on an ongoing basis, which of the following properly states the CE requirements?

When an agent engages in securities activities outside the scope of their broker-dealer,

A large institutional client of yours has discussed their imminent intent to place a very large purchase order for the stock of XYZ. As the agent of record, you place an order immediately in your own account prior to placing the client’s order.

That most basic tenet of a suitability determination is the:

Making cold calls to prospects in accordance with the telemarketing consumer protection act may only be done:

A customer of a brokerage firm must receive a customer account statement with which of the following frequencies?

I.    Monthly if there has been any activity in the account

II.   Monthly

III.  Weekly if there has been any activity in the account

IV.  A minimum of at least quarterly

United States government budgetary and taxation policies are best described as:

When one of the individuals in an account opened as Tenants in Common dies, their share of the account:

Regulation S-P principally deals with:

All states have a securities Administrator whose job it is to enforce the securities laws of their state. All Administrators are part of an organization known as:

When a commercial bank elects to borrow short-term, often overnight, loans from another commercial bank, these loans are done at an interest rate known as the:

The US economy has traditionally performed in a way described by economists and analysts as the business cycle. When an economy that has been operating a peak efficiency begins to slow down, which phase of the cycle is the economy entering?

It is not unusual for a broker-dealer to fill a customer order for an NYSE stock as principal out of inventory in lieu of wiring it to the floor the exchange.

Though there are numerous business sectors in the US economy, companies generally fall into three distinct categories:

In the business of underwriting, when a firm adopts a firm commitment, it is acting as a:

Not all corporate securities offerings are required to be registered with the SEC. An offering done under Regulation D is often called:

When the US dollar weakens,

One of the primary risks associated with mortgage backed securities is prepayment risk. This tends to present itself when