SIE EXAM WITH 100% CORRECT
ANSWERS
Describe the Fourth Market? - correct answers ✔✔A market for institutional investors in which
large blocks of stock, both listed and unlisted, trade in transactions unassisted by broker-dealers
It is expected that financial markets - correct answers ✔✔have transparent pricing for assets.
Which of the following best describes how a sell stop at 39 order would be filled? - correct
answers ✔✔The next available price after the market price falls to 39
Which of the following would be required for a good 'til canceled order to remain in force for
more than six months? - correct answers ✔✔The customer would need to reconfirm the order
Seacoast Securities, a broker-dealer, maintains an inventory in DEF, Inc., common stock. When
transacting business in DEF stock, Seacoast is most likely acting in what capacity? - correct
answers ✔✔Market maker
Your customer purchased 300 shares of XYZ stocks six months ago and sold the shares last
week. The actions your customer took in relation to XYZ were to - correct answers ✔✔buy long
and sell long.
All of the following are associated with a market maker except - correct answers ✔✔charging a
commission.
A $5 loss - correct answers ✔✔Two years ago Lisa Smith sold short 100 shares at $50 per share
and two years later bought them back for $55 per share. The stock paid a $2.50 dividend each
year. How much did Smith gain or lose per share for tax purposes?
ANSWERS
Describe the Fourth Market? - correct answers ✔✔A market for institutional investors in which
large blocks of stock, both listed and unlisted, trade in transactions unassisted by broker-dealers
It is expected that financial markets - correct answers ✔✔have transparent pricing for assets.
Which of the following best describes how a sell stop at 39 order would be filled? - correct
answers ✔✔The next available price after the market price falls to 39
Which of the following would be required for a good 'til canceled order to remain in force for
more than six months? - correct answers ✔✔The customer would need to reconfirm the order
Seacoast Securities, a broker-dealer, maintains an inventory in DEF, Inc., common stock. When
transacting business in DEF stock, Seacoast is most likely acting in what capacity? - correct
answers ✔✔Market maker
Your customer purchased 300 shares of XYZ stocks six months ago and sold the shares last
week. The actions your customer took in relation to XYZ were to - correct answers ✔✔buy long
and sell long.
All of the following are associated with a market maker except - correct answers ✔✔charging a
commission.
A $5 loss - correct answers ✔✔Two years ago Lisa Smith sold short 100 shares at $50 per share
and two years later bought them back for $55 per share. The stock paid a $2.50 dividend each
year. How much did Smith gain or lose per share for tax purposes?
