SIE EXAM SRO'S QUESTIONS EXAM
WITH CORRECT QUESTIONS AND
ANSWERS 2025
which of the following gifts would exceed the gift and gratuity limitations established by
FINRA?
a. an RR who service his mother-in-laws account pays for a 3 days cruise for her and her
husband costing $2500
b. a branch manager of a firm who is a long-time friend of a participant at another firm pays
for dinner and a concert for the 2 couples, where dinner is $400 and the concert totals
$250/ticket
c. in celebration of a clearing firm reaching 20 years in business an introducing firm who uses
the clearing firm buys Rolex watches (each valued over $2000) for 20 executives and
principals at the clearing firm
, d. to congratulate a customer on the birth of her 1st child an RR buys a $500 crib set for the
customer - CORRECT-ANSWERSc. buying the Rolex watches for 20 executives and principals
at the clearing firm
the FINRA limit of $100/person applies to business-related functions and gifts. the other
listed options, although exceeding $100, are provided for family, friends, or are in relation to a
personal event of the customer.
manipulation of the market - CORRECT-ANSWERScreating the false or misleading
appearance of activity in a stock market/ in respect to the market for a security
selling away - CORRECT-ANSWERSwhen a registered person with a member firm participates
in outside private securities transactions without receiving approval of the firm
a violation of FINRA rules
WITH CORRECT QUESTIONS AND
ANSWERS 2025
which of the following gifts would exceed the gift and gratuity limitations established by
FINRA?
a. an RR who service his mother-in-laws account pays for a 3 days cruise for her and her
husband costing $2500
b. a branch manager of a firm who is a long-time friend of a participant at another firm pays
for dinner and a concert for the 2 couples, where dinner is $400 and the concert totals
$250/ticket
c. in celebration of a clearing firm reaching 20 years in business an introducing firm who uses
the clearing firm buys Rolex watches (each valued over $2000) for 20 executives and
principals at the clearing firm
, d. to congratulate a customer on the birth of her 1st child an RR buys a $500 crib set for the
customer - CORRECT-ANSWERSc. buying the Rolex watches for 20 executives and principals
at the clearing firm
the FINRA limit of $100/person applies to business-related functions and gifts. the other
listed options, although exceeding $100, are provided for family, friends, or are in relation to a
personal event of the customer.
manipulation of the market - CORRECT-ANSWERScreating the false or misleading
appearance of activity in a stock market/ in respect to the market for a security
selling away - CORRECT-ANSWERSwhen a registered person with a member firm participates
in outside private securities transactions without receiving approval of the firm
a violation of FINRA rules
