SIE問題集、FINRA実際の試験問題

質問 1

Which of the following statements best describes the permissibility of a borrowing arrangement between a registered representative (RR) and a customer who is also the RR ' s grandfather?

A. It is permissible if the grandfather agrees in writing.

B. It is permissible if the loan was made on commercially reasonable terms.

C. It is permissible subject to FINRA approval.

D. It is permissible provided that the loan was made in accordance with the firm ' s policies.

正解: D

解説: (PassTest メンバーにのみ表示されます)

質問 2

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

A. The trading price range for the day

B. Whether the firm is acting as principal or agent on the trade

C. Compensation the firm pays to the registered representative

D. Total trading volume in that security on trade day

正解: B

解説: (PassTest メンバーにのみ表示されます)

質問 3

A customer calls his registered representative (RR) with a request to hold all mail for the next six weeks.
During the call, the RR checks his files and finds a letter from the customer for a similar request made the prior year. Despite a suggestion to convert to electronic statements via the firm website, the customer prefers paper statements. Holding this customer ' s mail is:

A. permissible if the customer provides written instructions.

B. not permissible because the customer opted out of electronic statement delivery.

C. permissible because the customer previously authorized holding mail.

D. not permissible because the request is for more than one month.

正解: A

解説: (PassTest メンバーにのみ表示されます)

質問 4

A registered representative wants to open an account for himself at a different financial institution. Under FINRA rules, which of the following accounts requires prior written consent from his employing broker- dealer?

A. Mutual fund accounts held directly with the fund company

B. An investment advisory account in which securities transactions are effected

C. Variable contracts registered under the Investment Company Act

D. A 529 savings plan account established for his grandchild

正解: B

解説: (PassTest メンバーにのみ表示されます)

質問 5

Which of the following events requires reporting on a Form U4?

A. A gross-misdemeanor domestic assault conviction

B. A bench warrant for missing a court date

C. A felony conviction for drunk driving

D. A misdemeanor speeding ticket

正解: C

解説: (PassTest メンバーにのみ表示されます)

質問 6

Zero coupon U.S. government obligations are classified as exempt securities because they are exempt from:

A. interest-rate risk.

B. registration.

C. credit risk.

D. federal income tax.

正解: B

解説: (PassTest メンバーにのみ表示されます)

質問 7

A broker-dealer (BD) signs a selling agreement with the ABC family of mutual funds. To introduce the funds to the BD's sales force, ABC offers a training and education trip at a popular beach resort. The trip expenses will be covered by ABC for the three registered representatives in the BD who have the highest level of production in ABC funds during the month. The BD's branch office managers assess each sale of ABC funds to ensure that the BD's recommendations are aligned with the customers' investment objectives and risk tolerance. Which of the following statements best describes the permissibility of this arrangement?

A. The arrangement is not permissible, since the sales incentive is offered by ABC and not the BD.

B. The arrangement is permissible, since the BD has an established supervisory process to ensure its recommendations fit the customers' investment objectives and risk tolerance.

C. The arrangement is permissible, since the sole purpose of the trip offered by ABC is training and education.

D. The arrangement is not permissible, since the trip incentive creates a prohibited conflict of interest.

正解: D

解説: (PassTest メンバーにのみ表示されます)

質問 8

Which of the following investments provides foreign investment exposure?

A. SPDR S & P 500 ETF (SPY)

B. American Depositary Receipts (ADRs)

C. Treasury bills

D. Municipal bonds

正解: B

解説: (PassTest メンバーにのみ表示されます)

質問 9

On settlement date, a customer is unable to pay for a purchase in his cash account. His position is liquidated.
Which of the following statements is true according to Federal Reserve Regulation T?

A. Only closing transactions are permitted.

B. The customer is barred from trading for 30 days.

C. The customer ' s account is frozen for 90 days.

D. All related accounts are frozen for 90 days.

正解: C

解説: (PassTest メンバーにのみ表示されます)

質問 10

Which of the following rates is the interest rate at which banks borrow and lend to each other on an overnight basis?

A. Prime rate

B. Federal funds rate

C. LIBOR

D. Discount rate

正解: B

解説: (PassTest メンバーにのみ表示されます)

質問 11

SEC Regulation S-P (Consumer Privacy) requires certain information to be included in privacy notices delivered to customers of broker-dealers (BDs). Which of the following information is required to be included in the privacy notice?

A. The website and telephone number of SIPC

B. The website and telephone number of the Consumer Financial Protection Bureau (CFPB)

C. The BD ' s policies and practices for protecting the customer ' s nonpublic personal information

D. The name and telephone number of the BD ' s chief compliance officer

正解: C

解説: (PassTest メンバーにのみ表示されます)

質問 12

What is the sales load of an open-end investment company with a net asset value (NAV) of $14.35 and a public offering price (POP) of $15.50?

A. 9.25%

B. 8.00%

C. 8.50%

D. 7.40%

正解: C

解説: (PassTest メンバーにのみ表示されます)

質問 13

Which of the following statements is true of an index exchange-traded fund (ETF)?

A. It trades at its intraday intrinsic value.

B. It is redeemable for cash directly to the issuer.

C. It is designed to track a specific asset class, style, sector, or country.

D. It is priced once daily, generally at the market close.

正解: C

解説: (PassTest メンバーにのみ表示されます)

FINRA Securities Industry Essentials Exam (SIE) - SIE 模擬練習