[2025] FINRA Securities Industry Essentials Exam (SIE)

문제1

Under which of the following circumstances, if any, is it permissible for an individual without a Power of Attorney (POA) to sign a customer's name on their behalf?

A. When accounts are fully discretionary

B. Never permissible to sign a customer's name on their behalf

C. Upon receipt of verbal authorization provided that written authorization is subsequently provided

D. Upon approval by a firm principal

정답: B

설명: (Fast2test 회원만 볼 수 있음)

문제2

A registered representative must complete which of the following activities when entering a discretionary trade?

A. Only exercise discretion over market orders

B. Obtain authorization from the customer before each discretionary order is entered

C. Indicate that discretion was exercised on the order ticket to be identified for supervisory review

D. Receive instructions from the customer as to the price at which to buy or sell a security

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제3

Which of the following is not a pass-through entity for tax purposes?

A. A limited liability company (LLC)

B. A real estate investment trust (REIT)

C. An S corporation

D. A C corporation

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제4

Which of the following responses describes a warrant?

A. Redemption rights for a debt instrument

B. A fixed-income security issued by a state or municipality

C. The right to purchase a specified amount of shares

D. An interest-paying security

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제5

A grandfather establishes a Uniform Transfers to Minors Act (UTMA) custodial account for his grandson and appoints an attorney as custodian. Which of the following individuals owns the account?

A. Grandson

B. Grandson's parent

C. Attorney

D. Grandfather

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제6

A hypothecation agreement gives the broker-dealer the right to engage in which of the following activities?

A. Using securities that a customer has bought on margin as collateral to obtain a loan from a bank

B. Selling a customer's securities when the customer has failed to pay for trades in a cash account

C. Entering trades in a customer's account without prior authorization from the customer

D. Sharing customers' nonpublic personal information with nonaffiliated third parties

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제7

A registered representative (RR) owns 500 shares of a thinly traded security. A customer of the firm calls the RR to place a sell order for 10,000 shares of the same security. The RR sells his shares before entering the customer's order to sell. Which of the following activities has the RR just engaged in?

A. Insider trading

B. Front running

C. Market manipulation

D. Selling away

정답: B

설명: (Fast2test 회원만 볼 수 있음)

문제8

Which of the following entities issues certificates of deposit (CDs)?

A. Banks

B. Federal Reserve

C. FDIC

D. Broker-dealers

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제9

Company XYZ files a registration statement for its initial public offering (IPO). XYZ is permitted to communicate all of the following information about the offering in writing to investorsexceptthat:

A. The IPO is expected to price in early February.

B. The road show will be held February 6-10 in New York and Boston.

C. The IPO is being underwritten by Bank ABC and Bank DEF.

D. A recent industry report supports the company's valuation.

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제10

When is a newly registered person subject to the Continuing Education Regulatory Element requirement?

A. On the anniversary date of initial registration

B. The calendar year following initial registration

C. Every five years

D. Every three years after the date of registration

정답: A

설명: (Fast2test 회원만 볼 수 있음)

FINRA Securities Industry Essentials Exam (SIE) - SIE무료 덤프문제 풀어보기

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