SIE Practice Exam
1. Which corporate voting procedures entitles a shareholder to one vote per share, and votes must
be divided evenly among the candidates being voted on?
Answer✔️
✔️Statutory voting
2. What market refers to the trading of exchange-listed securities in the over-the-counter market?
These trades allow institutional investors to trade blocks of securities directly, rather than
through an exchange, providing liquidity and anonymity to buyers.
Answer✔️
✔️Third market
3. An investor sells a naked call on Omikron for a $250 premium. What is true regarding the
investors position?
Answer✔️
✔️The investor's potential loss is unlimited
4. Which act created the SEC and empowered it with broad authority over all aspects of the
securities industry?
Answer✔️
✔️Securities Exchange Act of 1934
5. A free tool provided by FINRA that is intended to help consumers research the professional
backgrounds of brokers and brokerage firms, as well as investment advisor firms and advisors
Answer✔️
✔️BrokerCheck
1. Which corporate voting procedures entitles a shareholder to one vote per share, and votes must
be divided evenly among the candidates being voted on?
Answer✔️
✔️Statutory voting
2. What market refers to the trading of exchange-listed securities in the over-the-counter market?
These trades allow institutional investors to trade blocks of securities directly, rather than
through an exchange, providing liquidity and anonymity to buyers.
Answer✔️
✔️Third market
3. An investor sells a naked call on Omikron for a $250 premium. What is true regarding the
investors position?
Answer✔️
✔️The investor's potential loss is unlimited
4. Which act created the SEC and empowered it with broad authority over all aspects of the
securities industry?
Answer✔️
✔️Securities Exchange Act of 1934
5. A free tool provided by FINRA that is intended to help consumers research the professional
backgrounds of brokers and brokerage firms, as well as investment advisor firms and advisors
Answer✔️
✔️BrokerCheck
