FINRA SIE Practice Exam 1. All Questions & Answers. Predictor Paper. Verified.

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FINRA SIE Practice Exam 1. All Questions & Answers. Predictor Paper. Verified. Under the Securities act of 1933, registration is required for which of the following securities? - ✔✔American ... Depositary Receipts Which of the following outcomes are possible for the writer of a covered call option? - ✔✔Profit limited and loss limited A registered representative (RR) who wants to place a mutual fund advertisement must obtain written approval from which of the following parties? - ✔✔A registered principal of the RR's firm An investor owns 100 shares of XYZ common stock at the current market price of $50 per share. If XYZ conducts a 1-for-2 reverse stock split, the investor's post-split stock position will be: - ✔✔50 shares at $100 per share 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 Which of the following security types provides investors with a stated security date, a floating interest rate, and an option to put the security back to a financial intermediary on a dairy or weekly basis? - ✔✔Variable rate demand note Which of the following investments are generally traded according to their average life rather than their stated maturity date? - ✔✔Asset-backed securities Under FINRA rules, non-cash compensation connected with the sale of variable contracts DOES NOT include: - ✔✔Commission [Show More]

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