FINRA SIE TEST FINAL EXAM AND
PRACTICE EXAM QUESTIONS 2025
COMPLETE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY
GRADED A+
previous offering price
previous closing NAV
NAV computed after the order is received
offering price computed after the order is
received - ANSWERNAV computed after the
order is received
The computation of dollar prices and accrued
interest on municipal bonds is normal on what
calendar basis?
30/360
30/365
Actual/360
Actual/365 - ANSWER30/360
,Blue-sky laws are regulated by which of the
following entities?
SEC
MSRB
FINRA
state securities regulators - ANSWERState
securities regulators
At the time of issuance, which of the
following securities normally has the longest
period to expiration?
Rights
Options
Warrants
Repurchase agreements - ANSWERWarrants
Regular way settlement on Treasury Bonds is:
same day
next business day
second business day
fifth business day - ANSWERnext business
day
, A firm is a participant in a public offering. To
sell a substantial amount of the securities to its
customers, the firm agrees to repurchase the
shares at no less than the original sales price.
Such agreements are:
prohibited as fraudulent and manipulative.
Permissible if the securities are deposited into
escrow.
prohibited unless the firm immediately sets
aside funds for the repurchase
permissible if the customers retain the right to
sell the securities into the open market. -
ANSWERprohibited as fraudulent and
manipulative
Under SEC S-P (Consumer Privacy), which of
the following information must a firm include
in its customer privacy and opt-out notices?
the address of the firm's website
the fee to opt out from the privacy program
the deadline by which to opt out from the
privacy program
the policies to protect the security of
nonpublic information - ANSWERthe policies
PRACTICE EXAM QUESTIONS 2025
COMPLETE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY
GRADED A+
previous offering price
previous closing NAV
NAV computed after the order is received
offering price computed after the order is
received - ANSWERNAV computed after the
order is received
The computation of dollar prices and accrued
interest on municipal bonds is normal on what
calendar basis?
30/360
30/365
Actual/360
Actual/365 - ANSWER30/360
,Blue-sky laws are regulated by which of the
following entities?
SEC
MSRB
FINRA
state securities regulators - ANSWERState
securities regulators
At the time of issuance, which of the
following securities normally has the longest
period to expiration?
Rights
Options
Warrants
Repurchase agreements - ANSWERWarrants
Regular way settlement on Treasury Bonds is:
same day
next business day
second business day
fifth business day - ANSWERnext business
day
, A firm is a participant in a public offering. To
sell a substantial amount of the securities to its
customers, the firm agrees to repurchase the
shares at no less than the original sales price.
Such agreements are:
prohibited as fraudulent and manipulative.
Permissible if the securities are deposited into
escrow.
prohibited unless the firm immediately sets
aside funds for the repurchase
permissible if the customers retain the right to
sell the securities into the open market. -
ANSWERprohibited as fraudulent and
manipulative
Under SEC S-P (Consumer Privacy), which of
the following information must a firm include
in its customer privacy and opt-out notices?
the address of the firm's website
the fee to opt out from the privacy program
the deadline by which to opt out from the
privacy program
the policies to protect the security of
nonpublic information - ANSWERthe policies
