Securities Industry Essentials Exam (SIE) SIE Exam Questions with Experts Answers Updated Recently

A.  

The RR is prohibited from soliciting business but is permitted to accept unsolicited orders.

B.  

The RR is prohibited from any association or employment with a member firm unless he obtains a waiver.

C.  

The RR is prohibited from employment by a member firm in any registered capacity but is permitted to be employed in an unregistered capacity.

D.  

A statutory disqualification, although reportable to CRD, does not affect employment in the securities industry.

A.  

It is available due to right of accumulation.

B.  

It is available if the customer signs a letter of intent.

C.  

It is not available as the purchase amount is less than the $50,000 initial breakpoint level.

D.  

It is not available as the customer has not made the $100,000 Emerging Markets Fund purchase.

A.  

Taking unsolicited orders from customers

B.  

Assisting sales staff in tracing and tabulating commissions

C.  

Contacting current customers to determine if they are satisfied with their existing investments

D.  

Contacting prospective investors to discuss a BD educational seminar regarding the BD’s proprietary mutual fund

A.  

This is a deceptive practice that violates FINRA conduct rules.

B.  

This is an acceptable practice if the customers ' profits were equal to or greater than the RR ' s.

C.  

The RR ' s recommendations are appropriate as the customers are all high net worth individuals.

D.  

The RR violated FINRA rules that state RRs are only permitted to accept unsolicited orders for thinly traded securities.