FINRA Securities Industry Essentials Exam (SIE) - SIE Exam Practice Test

Government National Mortgage Association pass-through certificates pay interest and principal to holders:

Which of the following entities settles broker-to-broker equity, listed corporate and municipal bond, and unit investment trust (UIT) transactions in the U.S. equities markets?

Federal Reserve Regulation T states that an investor is permitted to borrow no more than which of the following percentages of the purchase price of an equity security?

An investor owns 100 shares of a company ' s stock and is very interested in electing a particular individual to the board of directors of the corporation. There are 20 individuals running to fill 10 board seats. If the corporation uses the cumulative voting method, what is the maximum number of votes the investor is permitted to cast for this particular director?

Which of the following securities issued by a corporation allows the owner to vote on matters of the corporation?

Which of the following statements best describes a characteristic of 529 savings plan accounts?

Which of the following types of investment companies raise money by issuing a fixed number of shares through an initial public offering (IPO), actively manage their portfolios and trade their shares on a stock exchange?

A registered representative constructs a portfolio of stocks that replicates the S & P 500 Index (SPX). He then regularly buys and sells SPX options to profit off changes in implied volatility. This is an example of:

A customer owns 100 shares of ABC with a current market value of $5.00 per share. The company undergoes a 1-for-2 reverse split of the stock. Which of the following statements is true of the customer ' s holdings and the price of the stock?

A customer calls his registered representative (RR) with a request to hold all mail for the next six weeks.
During the call, the RR checks his files and finds a letter from the customer for a similar request made the prior year. Despite a suggestion to convert to electronic statements via the firm website, the customer prefers paper statements. Holding this customer ' s mail is: