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Pass the FINRA General Securities Representative SIE Questions and answers with Dumpstech

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Questions # 1:

The SEC is Investigating an individual who Is potentially trading with material nonpublic Information concerning their former employer. Which of the following statements describes the authority, if any, that the SEC has?

Options:

A.

The SEC has the authority to file civil charges only.

B.

The SEC has the authority to file criminal charges only.

C.

The SEC has the authority to file civil and criminal charges.

D.

The SEC does not have the authority to file charges, only to issue fines and restitution.

Questions # 2:

A company files a registration statement with the SEC to register a new Issue of securities. The company does not plan to sell all the registered shares at this time and instead plans to gradually sell new shares over a three-year period. This registration is called a:

Options:

A.

shelf registration.

B.

Rule 144 offering.

C.

best efforts offering.

D.

SEC Regulation S offering.

Questions # 3:

A customer purchases 100 shares of stock on Thursday, August 2. This transaction must settle regular way no later than:

Options:

A.

Friday, August 3

B.

Monday, August 6

C.

Tuesday, August 7

D.

Wednesday, August 8

Questions # 4:

Class A and Class C shares of a mutual fund differ in which of the following ways?

Options:

A.

The expense ratio

B.

The net asset value (NAV)

C.

The underlying investments

D.

When the customer is permitted to purchase

Questions # 5:

In a rising interest rate environment, which of the following statements is true regarding the price of fixed-rate corporate bonds?

Options:

A.

Their price will remain constant.

B.

Their price will revert to par value.

C.

Their price will appreciate in value.

D.

Their price will depreciate in value.

Questions # 6:

Which of the following responses describes a common feature of a hedge fund?

Options:

A.

Low liquidity for investors

B.

Low minimum investment requirement

C.

Primarily focused on fixed income investments

D.

Transparent as to the underlying investments and strategies

Questions # 7:

When is a newly registered person subject to the Continuing Education Regulatory Element requirement?

Options:

A.

The calendar year following initial registration

B.

On the anniversary date of initial registration

C.

Every three years after the date of registration

D.

Every five years

Questions # 8:

Which of the following types of debt securities has the highest liquidity?

Options:

A.

Treasury bonds

B.

Mortgage bonds

C.

Municipal bonds

D.

Corporate bonds

Questions # 9:

Under which of the following circumstances, if any, is it permissible for an individual without a Power of Attorney (POA) to sign a customer's name on their behalf?

Options:

A.

Upon approval by a firm principal

B.

Upon receipt of verbal authorization provided that written authorization is subsequently provided

C.

When accounts are fully discretionary

D.

Never permissible to sign a customer's name on their behalf

Questions # 10:

Which of the following is a reportable obligation with respect to an individual's Form U4?

Options:

A.

A speeding ticket

B.

A change of residential address

C.

A change of business telephone number

D.

A gambling-related misdemeanor charge

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