Online Access Free SIE Practice Test

A bullish Investor Is most likely to participate in the market using which of the following trading strategies?

• A.Buying a call option
• B.Selling equities short
• C.Buying Treasury bonds
• D.Buying a put option

Which of the following information must be disclosed on a confirmation?

• A.The trading price range for the day
• B.Total trading volume in that security on trade day
• C.Compensation the firm pays to the registered representative
• D.Whether the firm is acting as principal or agent on the trade

When must a firm disclose its business continuity plan?

• A.Only upon request from a customer
• B.During a business disruption
• C.At account opening
• D.Within 60 days of account opening

Which of the following actions typically changes the cost basis of a mutual fund position that a customer holds?

• A.Transferring the mutual fund position via ACATS to another firm
• B.Upward movement in the net asset value (NAV) of the mutual fund
• C.Reinvested dividends received from the mutual fund to purchase more shares
• D.The appointment of a new portfolio manager to oversee the mutual fund

A registered representative of Firm ABC plans to give a gift to the treasurer of Company XYZ as a thank you for recent transactions. If no other gifts were given to the treasurer during the year, which of the following gifts would violate FINRA rules?

• A.$125 store gift card
• B.$100 sports event ticket
• C.$75 bottle of wine
• D.$90 concert ticket