SIE Exam Lesson 24 Securities Exchange Act of 1934 QuizThis is a SIE Exam Lesson 24 Securities Exchange Act of 1934 Quiz, See how you do if you need help listen to the lesson over.Questions covered include1.	Which of the following is true about the Securities Exchange Act of 1934?(Select all that apply.)A.	It applies to exempt securities.B.	It determines what fair trading practices are.C.	It regulates the secondary trading of securities.D.	It was established by the Securities and Exchange Commission.2.	Which of the following is contained in a 10-K? (Select all that apply.)A.	balance sheetB.	cash flow statementC.	compensation of officersD.	income statement3.	The 10-Q is an audited financial report submitted quarterly to the Securities and Exchange Commission.A.	TrueB.	False4.	A ___ is filed if the company changes its name or there’s a 5% or greater change in the number of shares outstanding.A.	10-CB.	13-GC.	15-BD.	8-K5.	Which of the following is required from the broker-dealers by the Securities Exchange Act of 1934?(Select all that apply.)A.	buy back stocks for customers that reneged on their transactionsB.	electronically deliver clients’ confirmation and statementsC.	maintain a minimum net capitalD.	send customers a copy of their income statement6.	Under ___, margins are regulated from brokers to their customers.A.	Regulation DB.	Regulation MC.	Regulation TD.	Regulation U7.	Broker-dealers are allowed to disclose to customers the routing of the customers’ orders.A.	TrueB.	False8.	It is a totally anonymous matching of buy and sell orders.A.	alternative trading systemB.	electronic exchangeC.	electronics communication networkD.	physical exchange9.	Which of the following are/were physical exchanges?(Select all that apply.)A.	Cincinnati Stock ExchangeB.	New York Stock Exchange (NYSE)C.	Pacific Stock ExchangeD.	Philadelphia Stock Exchange10.	Which of the following is true about penny stocks?(Select all that apply.)A.	They are sold on the over-the-counter bulletin board.B.	They are unsolicited orders.C.	They are traded on the NASDAQ and other listed exchanges.D.	They sell at less than $5.11.	The broker is not required to assess a penny stock buyer’s financial situation if the buyer is a/an ___.(Select all that apply.)A.	accredited investorB.	client whose order is unsolicitedC.	insiderD.	interstate citizen12.	It is trading on nonpublic material information on the company.A.	front runningB.	insider tradingC.	peggingD.	wash trade13.	This is the catchall rule that prohibits anything fraud even if it is not specifically prohibited in the Securities Exchange Act of 1934.A.	Rule 10b-5B.	Rule 127-cC.	Rule 144AD.	Rule 14514.	For unlawful practices under the Securities Exchange Act of 1934, suits can be brought within ___ of discovery.A.	six monthsB.	one yearC.	two yearsD.	three years15.	If a control person owns a position of a stock and he wants to lock in his profit or loss, he can ___.A.	dribble outB.	peg the stockC.	short against the boxD.	short sell the stock16.	Anybody that has nonpublic material information on the company is considered an insider.A.	TrueB.	False17.	In the United Sates, they are exempted from the rules that prohibit insider trading.(Select all that apply.)A.	congressmenB.	directors of the companyC.	officers of the companyD.	senators18.	Insiders can trade on the material nonpublic information once the information has been made public.A.	TrueB.	False19.	Only the Securities and Exchange Commission can sue insider traders.A.	TrueB.	False20.	The statute of limitation for insider trading is ___.A.	one yearB.	three yearsC.	five yearsD.	ten yearsWe hope you did well on this SIE Exam Lesson 24 Securities Exchange Act of 1934 QuizTotal Course 37 hours 10 Min

SIE Exam Lesson 24 Securities Exchange Act of 1934 Quiz This is a SIE Exam Lesson 24 Securities Exchange Act of 1934 Quiz, See how you do if you need help listen to the lesson over. Questions covered include 1.	Which of the following is true about the Securities Exchange Act of 1934? (Select all that apply.) A.	It applies to exempt securities. B.	It determines what fair trading practices are. C.	It regulates the secondary trading of securities. D.	It was established by the Securities and Exchange Commission. 2.	Which of the following is contained in a 10-K? (Select all that apply.) A.	balance sheet B.	cash flow statement C.	compensation of officers D.	income statement 3.	The 10-Q is an audited financial report submitted quarterly to the Securities and Exchange Commission. A.	True B.	False 4.	A ___ is filed if the company changes its name or there’s a 5% or greater change in the number of shares outstanding. A.	10-C B.	13-G C.	15-B D.	8-K 5.	Which of the following is required from the broker-dealers by the Securities Exchange Act of 1934? (Select all that apply.) A.	buy back stocks for customers that reneged on their transactions B.	electronically deliver clients’ confirmation and statements C.	maintain a minimum net capital D.	send customers a copy of their income statement 6.	Under ___, margins are regulated from brokers to their customers. A.	Regulation D B.	Regulation M C.	Regulation T D.	Regulation U 7.	Broker-dealers are allowed to disclose to customers the routing of the customers’ orders. A.	True B.	False 8.	It is a totally anonymous matching of buy and sell orders. A.	alternative trading system B.	electronic exchange C.	electronics communication network D.	physical exchange 9.	Which of the following are/were physical exchanges? (Select all that apply.) A.	Cincinnati Stock Exchange B.	New York Stock Exchange (NYSE) C.	Pacific Stock Exchange D.	Philadelphia Stock Exchange 10.	Which of the following is true about penny stocks? (Select all that apply.) A.	They are sold on the over-the-counter bulletin board. B.	They are unsolicited orders. C.	They are traded on the NASDAQ and other listed exchanges. D.	They sell at less than $5. 11.	The broker is not required to assess a penny stock buyer’s financial situation if the buyer is a/an ___. (Select all that apply.) A.	accredited investor B.	client whose order is unsolicited C.	insider D.	interstate citizen 12.	It is trading on nonpublic material information on the company. A.	front running B.	insider trading C.	pegging D.	wash trade 13.	This is the catchall rule that prohibits anything fraud even if it is not specifically prohibited in the Securities Exchange Act of 1934. A.	Rule 10b-5 B.	Rule 127-c C.	Rule 144A D.	Rule 145 14.	For unlawful practices under the Securities Exchange Act of 1934, suits can be brought within ___ of discovery. A.	six months B.	one year C.	two years D.	three years 15.	If a control person owns a position of a stock and he wants to lock in his profit or loss, he can ___. A.	dribble out B.	peg the stock C.	short against the box D.	short sell the stock 16.	Anybody that has nonpublic material information on the company is considered an insider. A.	True B.	False 17.	In the United Sates, they are exempted from the rules that prohibit insider trading. (Select all that apply.) A.	congressmen B.	directors of the company C.	officers of the company D.	senators 18.	Insiders can trade on the material nonpublic information once the information has been made public. A.	True B.	False 19.	Only the Securities and Exchange Commission can sue insider traders. A.	True B.	False 20.	The statute of limitation for insider trading is ___. A.	one year B.	three years C.	five years D.	ten years We hope you did well on this SIE Exam Lesson 24 Securities Exchange Act of 1934 Quiz Total Course 37 hours 10 Min

SIE Exam Lesson 24 Securities Exchange Act of 1934 Quiz

son23 Securities Act of 1933 QuizThis is a  SIE Podcast Interview with Whistleblower Attorney Mark PugsleyThis is and interview with Whistleblower Attorney Mark Pugsley while this is not information that is required for the SIE Exam I think you will be a more knowledgeable advisor if you are aware of the information contained in this interview.Mark Pugsley is quite famous for his part in bringing down Milton Trevor of Nikola corporation.  He was featured prominently in the podcast BAD BETSThis is information about Mark Pugsley from his website"Mark Pugsley has been handling securities disputes, financial fraud and whistleblower cases for 28 years. His whistleblower practice includes preparing and filing whistleblower tips with the Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC) and the Internal Revenue Service (IRS), he also handles False Claims Act or “Qui Tam” lawsuits, FINRA arbitrations and other types of investment disputes.Mark is based in our Utah office, the state which boasts the largest number of Ponzi schemes per capita in the country. He has been recognized by Super Lawyers, Best Lawyers, Benchmark Plaintiffs, and Martindale Hubbell as one of the top securities lawyers in the country. He is licensed to practice law in Utah and California.Mark represents whistleblowers in a number of high-profile ongoing cases, including the whistleblowers in the Washakie Renewable Energy scam in which executives pleaded guilty to criminal charges in a $1 billion biodiesel tax fraud scheme.  He also represents the whistleblowers in the Nikola Motors case who uncovered widespread fraud by the CEO, Trevor Milton.  The whistleblower report to the SEC in the Nikola case led to a $125 million settlement by the company with the SEC, and Mr. Milton was charged civilly and criminally with securities fraud, among other charges. Another of his whistleblower clients uncovered an ongoing $200 million Ponzi scheme that led to civil and criminal actions by the DOJ, SEC and State regulators.  These cases are ongoing.Significant recoveries for his whistleblower, investment fraud and FINRA Arbitration clients include the following: 	Representation of two whistleblowers in an SEC whistleblower case that was approved for an award in April of 2021. His clients were awarded 30% of the $9,384,253 in ordered fines and penalties – the maximum award possible. 	Represented the Declarant in a whistleblower case filed against Vivint Smart Home Inc.. On January 6, 2021 the Justice Department announced that Vivint had agreed to pay the United States $3.2 million to resolve the case. His client will receive a significant reward. 	Represented a client in an $11 million CFTC whistleblower case that was approved for an award in January of 2020. His client will receive a significant portion of all restitution and civil penalties collected by the CFTC. 	Representation of three clients in a 5-day trial in Utah State Court where his clients were awarded compensatory damages in excess of $3 million, $2 million in punitive damages, and attorney’s fees. 	Represented a bankruptcy trustee and trustee of a private actions trust pursuing the claims of over 400 victims of a Ponzi scheme against a national life insurance company for securities fraud and the negligent employment of the agents who perpetrated the scheme for over a decade. The parties reached an 8-figure settlement in 2018. 	Represented 15 clients in a FINRA arbitration case alleging more than $6 million in out of pocket damages involving a rogue broker from a national brokerage firm. The firm settled the case shortly before the arbitration hearing in August of 2018 for a confidential amount. 	Represented 28 clients in a case alleging more than $10 million in out of pocket damages involving a broker who was employed by a national brokerage firm. The case was settled for a confidential sum that resulted in substantial recovery...

son23 Securities Act of 1933 Quiz This is a  SIE Podcast Interview with Whistleblower Attorney Mark Pugsley This is and interview with Whistleblower Attorney Mark Pugsley while this is not information that is required for the SIE Exam I think you will be a more knowledgeable advisor if you are aware of the information contained in this interview. Mark Pugsley is quite famous for his part in bringing down Milton Trevor of Nikola corporation.  He was featured prominently in the podcast BAD BETS This is information about Mark Pugsley from his website "Mark Pugsley has been handling securities disputes, financial fraud and whistleblower cases for 28 years. His whistleblower practice includes preparing and filing whistleblower tips with the Securities and Exchange Commission (SEC), the Commodities Futures Trading Commission (CFTC) and the Internal Revenue Service (IRS), he also handles False Claims Act or “Qui Tam” lawsuits, FINRA arbitrations and other types of investment disputes. Mark is based in our Utah office, the state which boasts the largest number of Ponzi schemes per capita in the country. He has been recognized by Super Lawyers, Best Lawyers, Benchmark Plaintiffs, and Martindale Hubbell as one of the top securities lawyers in the country. He is licensed to practice law in Utah and California. Mark represents whistleblowers in a number of high-profile ongoing cases, including the whistleblowers in the Washakie Renewable Energy scam in which executives pleaded guilty to criminal charges in a $1 billion biodiesel tax fraud scheme.  He also represents the whistleblowers in the Nikola Motors case who uncovered widespread fraud by the CEO, Trevor Milton.  The whistleblower report to the SEC in the Nikola case led to a $125 million settlement by the company with the SEC, and Mr. Milton was charged civilly and criminally with securities fraud, among other charges. Another of his whistleblower clients uncovered an ongoing $200 million Ponzi scheme that led to civil and criminal actions by the DOJ, SEC and State regulators.  These cases are ongoing. Significant recoveries for his whistleblower, investment fraud and FINRA Arbitration clients include the following: 	Representation of two whistleblowers in an SEC whistleblower case that was approved for an award in April of 2021. His clients were awarded 30% of the $9,384,253 in ordered fines and penalties – the maximum award possible. 	Represented the Declarant in a whistleblower case filed against Vivint Smart Home Inc.. On January 6, 2021 the Justice Department announced that Vivint had agreed to pay the United States $3.2 million to resolve the case. His client will receive a significant reward. 	Represented a client in an $11 million CFTC whistleblower case that was approved for an award in January of 2020. His client will receive a significant portion of all restitution and civil penalties collected by the CFTC. 	Representation of three clients in a 5-day trial in Utah State Court where his clients were awarded compensatory damages in excess of $3 million, $2 million in punitive damages, and attorney’s fees. 	Represented a bankruptcy trustee and trustee of a private actions trust pursuing the claims of over 400 victims of a Ponzi scheme against a national life insurance company for securities fraud and the negligent employment of the agents who perpetrated the scheme for over a decade. The parties reached an 8-figure settlement in 2018. 	Represented 15 clients in a FINRA arbitration case alleging more than $6 million in out of pocket damages involving a rogue broker from a national brokerage firm. The firm settled the case shortly before the arbitration hearing in August of 2018 for a confidential amount. 	Represented 28 clients in a case alleging more than $10 million in out of pocket damages involving a broker who was employed by a national brokerage firm. The case was settled for a confidential sum that resulted in substantial recovery...

SIE Exam Interview with Whistleblower Atty. Mark Pugsley

SIE Exam Lesson 23 Securities Act of 1933 QuizThis is a SIE Exam Lesson 23 Securities Act of 1933 Quiz , See how you do if you need help listen to the lesson over.Questions covered include1.	Which of the following is true about the Securities Exchange Act of 1934?(Select all that apply.)A.	It applies to exempt securities.B.	It determines what fair trading practices are.C.	It regulates the secondary trading of securities.D.	It was established by the Securities and Exchange Commission.2.	Which of the following is contained in a 10-K? (Select all that apply.)A.	balance sheetB.	cash flow statementC.	compensation of officersD.	income statement3.	The 10-Q is an audited financial report submitted quarterly to the Securities and Exchange Commission.A.	TrueB.	False4.	A ___ is filed if the company changes its name or there’s a 5% or greater change in the number of shares outstanding.A.	10-CB.	13-GC.	15-BD.	8-K5.	Which of the following is required from the broker-dealers by the Securities Exchange Act of 1934?(Select all that apply.)A.	buy back stocks for customers that reneged on their transactionsB.	electronically deliver clients’ confirmation and statementsC.	maintain a minimum net capitalD.	send customers a copy of their income statement6.	Under ___, margins are regulated from brokers to their customers.A.	Regulation DB.	Regulation MC.	Regulation TD.	Regulation U7.	Broker-dealers are allowed to disclose to customers the routing of the customers’ orders.A.	TrueB.	False8.	It is a totally anonymous matching of buy and sell orders.A.	alternative trading systemB.	electronic exchangeC.	electronics communication networkD.	physical exchange9.	Which of the following are/were physical exchanges?(Select all that apply.)A.	Cincinnati Stock ExchangeB.	New York Stock Exchange (NYSE)C.	Pacific Stock ExchangeD.	Philadelphia Stock Exchange10.	Which of the following is true about penny stocks?(Select all that apply.)A.	They are sold on the over-the-counter bulletin board.B.	They are unsolicited orders.C.	They are traded on the NASDAQ and other listed exchanges.D.	They sell at less than $5.11.	The broker is not required to assess a penny stock buyer’s financial situation if the buyer is a/an ___.(Select all that apply.)A.	accredited investorB.	client whose order is unsolicitedC.	insiderD.	interstate citizen12.	It is trading on nonpublic material information on the company.A.	front runningB.	insider tradingC.	peggingD.	wash trade13.	This is the catchall rule that prohibits anything fraud even if it is not specifically prohibited in the Securities Exchange Act of 1934.A.	Rule 10b-5B.	Rule 127-cC.	Rule 144AD.	Rule 14514.	For unlawful practices under the Securities Exchange Act of 1934, suits can be brought within ___ of discovery.A.	six monthsB.	one yearC.	two yearsD.	three years15.	If a control person owns a position of a stock and he wants to lock in his profit or loss, he can ___.A.	dribble outB.	peg the stockC.	short against the boxD.	short sell the stock16.	Anybody that has nonpublic material information on the company is considered an insider.A.	TrueB.	False17.	In the United Sates, they are exempted from the rules that prohibit insider trading.(Select all that apply.)A.	congressmenB.	directors of the companyC.	officers of the companyD.	senators18.	Insiders can trade on the material nonpublic information once the information has been made public.A.	TrueB.	False19.	Only the Securities and Exchange Commission can sue insider traders.A.	TrueB.	False20.	The statute of limitation for insider trading is ___.A.	one yearB.	three yearsC.	five yearsD.	ten yearsWe hope you did well on this SIE Exam Lesson 23 Securities Act of 1933 QuizTotal Course 37 hours 10 Min

SIE Exam Lesson 23 Securities Act of 1933 Quiz This is a SIE Exam Lesson 23 Securities Act of 1933 Quiz , See how you do if you need help listen to the lesson over. Questions covered include 1.	Which of the following is true about the Securities Exchange Act of 1934? (Select all that apply.) A.	It applies to exempt securities. B.	It determines what fair trading practices are. C.	It regulates the secondary trading of securities. D.	It was established by the Securities and Exchange Commission. 2.	Which of the following is contained in a 10-K? (Select all that apply.) A.	balance sheet B.	cash flow statement C.	compensation of officers D.	income statement 3.	The 10-Q is an audited financial report submitted quarterly to the Securities and Exchange Commission. A.	True B.	False 4.	A ___ is filed if the company changes its name or there’s a 5% or greater change in the number of shares outstanding. A.	10-C B.	13-G C.	15-B D.	8-K 5.	Which of the following is required from the broker-dealers by the Securities Exchange Act of 1934? (Select all that apply.) A.	buy back stocks for customers that reneged on their transactions B.	electronically deliver clients’ confirmation and statements C.	maintain a minimum net capital D.	send customers a copy of their income statement 6.	Under ___, margins are regulated from brokers to their customers. A.	Regulation D B.	Regulation M C.	Regulation T D.	Regulation U 7.	Broker-dealers are allowed to disclose to customers the routing of the customers’ orders. A.	True B.	False 8.	It is a totally anonymous matching of buy and sell orders. A.	alternative trading system B.	electronic exchange C.	electronics communication network D.	physical exchange 9.	Which of the following are/were physical exchanges? (Select all that apply.) A.	Cincinnati Stock Exchange B.	New York Stock Exchange (NYSE) C.	Pacific Stock Exchange D.	Philadelphia Stock Exchange 10.	Which of the following is true about penny stocks? (Select all that apply.) A.	They are sold on the over-the-counter bulletin board. B.	They are unsolicited orders. C.	They are traded on the NASDAQ and other listed exchanges. D.	They sell at less than $5. 11.	The broker is not required to assess a penny stock buyer’s financial situation if the buyer is a/an ___. (Select all that apply.) A.	accredited investor B.	client whose order is unsolicited C.	insider D.	interstate citizen 12.	It is trading on nonpublic material information on the company. A.	front running B.	insider trading C.	pegging D.	wash trade 13.	This is the catchall rule that prohibits anything fraud even if it is not specifically prohibited in the Securities Exchange Act of 1934. A.	Rule 10b-5 B.	Rule 127-c C.	Rule 144A D.	Rule 145 14.	For unlawful practices under the Securities Exchange Act of 1934, suits can be brought within ___ of discovery. A.	six months B.	one year C.	two years D.	three years 15.	If a control person owns a position of a stock and he wants to lock in his profit or loss, he can ___. A.	dribble out B.	peg the stock C.	short against the box D.	short sell the stock 16.	Anybody that has nonpublic material information on the company is considered an insider. A.	True B.	False 17.	In the United Sates, they are exempted from the rules that prohibit insider trading. (Select all that apply.) A.	congressmen B.	directors of the company C.	officers of the company D.	senators 18.	Insiders can trade on the material nonpublic information once the information has been made public. A.	True B.	False 19.	Only the Securities and Exchange Commission can sue insider traders. A.	True B.	False 20.	The statute of limitation for insider trading is ___. A.	one year B.	three years C.	five years D.	ten years We hope you did well on this SIE Exam Lesson 23 Securities Act of 1933 Quiz Total Course 37 hours 10 Min

SIE Exam Lesson 23 Securities Act of 1933 Quiz

SIE Exam Lesson 22 Annuities Quiz

SIE Exam Lesson 21 Unit Investment Trust Quiz

SIE Exam Lesson 20 Mutual Funds pt 3 QuizSIE Exam Lesson 20 Mutual Funds pt 3 QuizThis is a SIE Exam Lesson 20 Mutual Funds pt 3 Quiz, See how you do if you need help listen to the lesson over.Questions covered include1.	Which of the following is true about hedge funds?(Select all that apply.)A.	They are not allowed to cut off withdrawals by their investors.B.	They are open to any kind of investor.C.	They charge a management fee.D.	They have a cap on the amount that is available to be withdrawn at any given time.2.	What is the minimum capital for a hedge fund?A.	$100,000B.	$200,000C.	$500,000D.	$1,000,0003.	Which of the following is qualified as an accredited investor according to the Securities Act of 1933?(Select all that apply.)A.	a bankB.	a charitable organization with a total asset of $5 millionC.	a trust with a total asset of $10 millionD.	an employee benefit plan that has a total asset of $3 million4.	A business is qualified to be an accredited investor if all its equity owners are accredited investors.A.	TrueB.	False5.	A natural person can be an accredited investor if that person ___.(Select all that apply.)A.	has an income exceeding $200,000 in each of the two most recent years and a reasonable expectation of the same income level in the current yearB.	has individual net worth that exceeds $1 million including the value of the primary residence of such personC.	has a joint income with the spouse exceeding $200,000 in each of the two most recent years and a reasonable expectation of the same income in the current yearD.	has a joint net worth with the person’s spouse that exceeds $1 million excluding the value of the primary residence of such person6.	The performance of a hedge fund is always better than the market.A.	TrueB.	False7.	Which of the following strategies does a hedge fund employ?(Select all that apply.)A.	global macro hedge fund strategyB.	relative value arbitrageC.	high-frequency tradingD.	currency strategies8.	A mutual fund’s annual and semiannual report has an income statement similar to a regular corporate income statement.A.	TrueB.	False9.	Which of the following can be found in a mutual fund’s income statement?(Select all that apply.)A.	dividendsB.	capital gainsC.	expensesD.	net income10.	Which of the following is true about expense ratio?(Select all that apply.)A.	It applies to closed-end funds but not to open-end funds.B.	It gives an overall look at how much it costs to pay the management to buy the stocks instead of buying it yourself without paying any management fee.C.	It is the total net assets divided by the total expenses.D.	It shows the efficiency of the fund.11.	If you’re buying a fund at a very big discount but has a very high expense ratio, the discount you’re buying those stocks may disappear.A.	TrueB.	False12.	An investment company should distribute at least ___ of its income in order to be regulated under the Investment Company Act of 1940.A.	80%B.	85%C.	90%D.	95%13.	If an investment company is not regulated under the Investment Company Act of 1940, ___.A.	it becomes taxed as a regular corporationB.	it has to pay an additional tax equivalent to 2% of the total capital gainsC.	it will require double management feesD.	its net pass is not taxed14.	Investment companies can pass through capital gains ___.A.	monthlyB.	quarterlyC.	semiannuallyD.	at the end of the year15.	An investor buying a mutual fund at the end of the year will not be paying taxes if he has not made any money in the fund.A.	TrueB.	False16.	It is a type of mutual fund having a portfolio that is constructed to mimic the market index.A.	closed-end fundB.	exchange traded fundC.	index fundD.	open-end fund17.	These funds are traded as regular stocks on the stock exchange, but move throughout the day.A.	closed-end fundB.

SIE Exam Lesson 20 Mutual Funds pt 3 Quiz SIE Exam Lesson 20 Mutual Funds pt 3 Quiz This is a SIE Exam Lesson 20 Mutual Funds pt 3 Quiz, See how you do if you need help listen to the lesson over. Questions covered include 1.	Which of the following is true about hedge funds? (Select all that apply.) A.	They are not allowed to cut off withdrawals by their investors. B.	They are open to any kind of investor. C.	They charge a management fee. D.	They have a cap on the amount that is available to be withdrawn at any given time. 2.	What is the minimum capital for a hedge fund? A.	$100,000 B.	$200,000 C.	$500,000 D.	$1,000,000 3.	Which of the following is qualified as an accredited investor according to the Securities Act of 1933? (Select all that apply.) A.	a bank B.	a charitable organization with a total asset of $5 million C.	a trust with a total asset of $10 million D.	an employee benefit plan that has a total asset of $3 million 4.	A business is qualified to be an accredited investor if all its equity owners are accredited investors. A.	True B.	False 5.	A natural person can be an accredited investor if that person ___. (Select all that apply.) A.	has an income exceeding $200,000 in each of the two most recent years and a reasonable expectation of the same income level in the current year B.	has individual net worth that exceeds $1 million including the value of the primary residence of such person C.	has a joint income with the spouse exceeding $200,000 in each of the two most recent years and a reasonable expectation of the same income in the current year D.	has a joint net worth with the person’s spouse that exceeds $1 million excluding the value of the primary residence of such person 6.	The performance of a hedge fund is always better than the market. A.	True B.	False 7.	Which of the following strategies does a hedge fund employ? (Select all that apply.) A.	global macro hedge fund strategy B.	relative value arbitrage C.	high-frequency trading D.	currency strategies 8.	A mutual fund’s annual and semiannual report has an income statement similar to a regular corporate income statement. A.	True B.	False 9.	Which of the following can be found in a mutual fund’s income statement? (Select all that apply.) A.	dividends B.	capital gains C.	expenses D.	net income 10.	Which of the following is true about expense ratio? (Select all that apply.) A.	It applies to closed-end funds but not to open-end funds. B.	It gives an overall look at how much it costs to pay the management to buy the stocks instead of buying it yourself without paying any management fee. C.	It is the total net assets divided by the total expenses. D.	It shows the efficiency of the fund. 11.	If you’re buying a fund at a very big discount but has a very high expense ratio, the discount you’re buying those stocks may disappear. A.	True B.	False 12.	An investment company should distribute at least ___ of its income in order to be regulated under the Investment Company Act of 1940. A.	80% B.	85% C.	90% D.	95% 13.	If an investment company is not regulated under the Investment Company Act of 1940, ___. A.	it becomes taxed as a regular corporation B.	it has to pay an additional tax equivalent to 2% of the total capital gains C.	it will require double management fees D.	its net pass is not taxed 14.	Investment companies can pass through capital gains ___. A.	monthly B.	quarterly C.	semiannually D.	at the end of the year 15.	An investor buying a mutual fund at the end of the year will not be paying taxes if he has not made any money in the fund. A.	True B.	False 16.	It is a type of mutual fund having a portfolio that is constructed to mimic the market index. A.	closed-end fund B.	exchange traded fund C.	index fund D.	open-end fund 17.	These funds are traded as regular stocks on the stock exchange, but move throughout the day. A.	closed-end fund B.

SIE Exam Lesson 20 Mutual Funds pt 3 Quiz

SIE Exam Lesson 19 Mutual Funds pt 2 QuizSIE Exam Lesson 19 Mutual Funds pt 2 QuizThis is a SIE Exam Lesson 19 Mutual Funds pt 2 Quiz, See how you do if you need help listen to the lesson over.Questions covered include1.	Which of the following is true about closed-end funds?(Select all that apply.)A.	It can trade at a premium or at discount to net asset value.B.	It is redeemed.C.	It has a fixed maturity and interest rate.D.	It trades as a common stock on the exchanges wherever it is listed.2.	Which of the following details can be found on the website of the company that sponsors a closed-end fund?(Select all that apply.)A.	discount to net asset valueB.	net asset valueC.	premiumD.	price of the stock3.	It is the amount annually collected from the shareholders, which include all the operating cost of the fund.A.	conversion ratioB.	expense ratioC.	liquidity ratioD.	Sharpe ratio4.	If a closed-end fund has a very high expense ratio, one reason you might wish to buy the fund is because ___. A.	it is sold at net asset valueB.	it is sold at net asset value less than the expense ratioC.	it is sold at par valueD.	it is sold at a big discount to net asset value5.	In financial industry, “Red Herring” refers to ___.A.	expense ratioB.	hedge fundsC.	master limited partnershipsD.	preliminary prospectus6.	Which of the following is true about a preliminary prospectus?(Select all that apply.)A.	It contains the price of shares agreed upon.B.	It contains the total number of shares issued.C.	It does not contain the price of shares agreed upon.D.	It does not contain the total number of shares issued.7.	One way that funds will get a higher return than the market average or a bigger loss than the market average is by leveraging their assets.A.	TrueB.	False8.	A fund is leveraged at 9.2%. If it has $80,000,000 in its assets, the portfolio would reflect a value of ___.A.	$7,360,000B.	$72,640,000C.	$73,600,000D.	$87,360,0009.	Leveraged funds enhance returns and outperform the market when stocks are going down.A.	TrueB.	False10.	A mutual fund or a management company must distribute their income ___.A.	annuallyB.	monthlyC.	quarterlyD.	weekly11.	A management company distributes its income in a form of ___.(Select all that apply.)A.	capital gainsB.	commissionsC.	dividendsD.	interest12.	These are capital gains that the management company must distribute at least on an annual basis.A.	capital yieldB.	distribution yieldC.	dividend yieldD.	income yield13.	Dividend yield is the dividend that is paid out from the stocks that the management company owns and then passed through to the investors.A.	TrueB.	False14.	If you buy a closed-end fund before or close to the record date, your net asset value would decline by the amount of the distribution.A.	TrueB.	False15.	What would be a good reason for management companies to organize as master limited partnerships?A.	They want to acquire big positions in closed-end funds.B.	They want to avoid the double taxation.C.	They want to decrease their management expenses.D.	They want to increase their management fees.16.	It is a tax document of a master limited partnership.A.	1099-DIVB.	1601FC.	CF-213D.	K-117.	Why would a management company organize as a closed-end fund instead of an open-end fund?A.	Closed-end funds generally have higher sales commission than open-end funds.B.	In closed-end funds, managers may have to sell into a down market to raise money to pay for redemption.C.	In closed-end funds, managers will not be forced to redeem shares when the market is weak.D.	Unlike open-end funds, closed-end funds are more secure with specific maturity and interest rate.18.	A mutual fund held in another mutual fund would have double management fees.A.	TrueB.	False19.	The management fees of closed end funds ___.

SIE Exam Lesson 19 Mutual Funds pt 2 Quiz SIE Exam Lesson 19 Mutual Funds pt 2 Quiz This is a SIE Exam Lesson 19 Mutual Funds pt 2 Quiz, See how you do if you need help listen to the lesson over. Questions covered include 1.	Which of the following is true about closed-end funds? (Select all that apply.) A.	It can trade at a premium or at discount to net asset value. B.	It is redeemed. C.	It has a fixed maturity and interest rate. D.	It trades as a common stock on the exchanges wherever it is listed. 2.	Which of the following details can be found on the website of the company that sponsors a closed-end fund? (Select all that apply.) A.	discount to net asset value B.	net asset value C.	premium D.	price of the stock 3.	It is the amount annually collected from the shareholders, which include all the operating cost of the fund. A.	conversion ratio B.	expense ratio C.	liquidity ratio D.	Sharpe ratio 4.	If a closed-end fund has a very high expense ratio, one reason you might wish to buy the fund is because ___. A.	it is sold at net asset value B.	it is sold at net asset value less than the expense ratio C.	it is sold at par value D.	it is sold at a big discount to net asset value 5.	In financial industry, “Red Herring” refers to ___. A.	expense ratio B.	hedge funds C.	master limited partnerships D.	preliminary prospectus 6.	Which of the following is true about a preliminary prospectus? (Select all that apply.) A.	It contains the price of shares agreed upon. B.	It contains the total number of shares issued. C.	It does not contain the price of shares agreed upon. D.	It does not contain the total number of shares issued. 7.	One way that funds will get a higher return than the market average or a bigger loss than the market average is by leveraging their assets. A.	True B.	False 8.	A fund is leveraged at 9.2%. If it has $80,000,000 in its assets, the portfolio would reflect a value of ___. A.	$7,360,000 B.	$72,640,000 C.	$73,600,000 D.	$87,360,000 9.	Leveraged funds enhance returns and outperform the market when stocks are going down. A.	True B.	False 10.	A mutual fund or a management company must distribute their income ___. A.	annually B.	monthly C.	quarterly D.	weekly 11.	A management company distributes its income in a form of ___. (Select all that apply.) A.	capital gains B.	commissions C.	dividends D.	interest 12.	These are capital gains that the management company must distribute at least on an annual basis. A.	capital yield B.	distribution yield C.	dividend yield D.	income yield 13.	Dividend yield is the dividend that is paid out from the stocks that the management company owns and then passed through to the investors. A.	True B.	False 14.	If you buy a closed-end fund before or close to the record date, your net asset value would decline by the amount of the distribution. A.	True B.	False 15.	What would be a good reason for management companies to organize as master limited partnerships? A.	They want to acquire big positions in closed-end funds. B.	They want to avoid the double taxation. C.	They want to decrease their management expenses. D.	They want to increase their management fees. 16.	It is a tax document of a master limited partnership. A.	1099-DIV B.	1601F C.	CF-213 D.	K-1 17.	Why would a management company organize as a closed-end fund instead of an open-end fund? A.	Closed-end funds generally have higher sales commission than open-end funds. B.	In closed-end funds, managers may have to sell into a down market to raise money to pay for redemption. C.	In closed-end funds, managers will not be forced to redeem shares when the market is weak. D.	Unlike open-end funds, closed-end funds are more secure with specific maturity and interest rate. 18.	A mutual fund held in another mutual fund would have double management fees. A.	True B.	False 19.	The management fees of closed end funds ___.

SIE Exam Lesson 19 Mutual Funds pt 2 Quiz

SIE Exam Lesson 18 Mutual Funds pt 1 QuizSIE Exam Lesson 18 Mutual Funds pt 1 QuizThis is a SIE Exam Lesson 18 Mutual Funds pt 1 Quiz, See how you do if you need help listen to the lesson over.Questions covered include1.	Which of the following is an example of a mutual fund?(Select all that apply.)A.	corporate bond fundB.	balanced fundC.	hedge fundD.	junk bond fund2.	Which of the following is an example of an income fund?(Select all that apply.)A.	12b-1 fundB.	bond income fundC.	government bond income fundD.	utility stock income fund3.	Which of the following is an example of an open-end fund?(Select all that apply.)A.	12b-1 fundB.	accumulated fundC.	fee-based mutual fundD.	no load fund4.	Which of the following is a requirement in putting up an investment management company?(Select all that apply.)A.	custodian bankB.	financial lawyerC.	investment advisorD.	underwriter5.	It is anybody who has the ability to sponsor the mutual fund.A.	custodian bankB.	investment advisorC.	selling groupD.	underwriter6.	It is the document which outlines everything that the client needs to know about the mutual fund.A.	Investment Company Act of 1940B.	investment management company indentureC.	mutual fund contractD.	prospectus7.	Which of the following is contained in the prospectus?(Select all that apply.)A.	systematic withdrawal planB.	the name of the investment advisor and the custodian bank and their respective feesC.	the type of mutual fundD.	whether the fund is a diversified fund or not8.	The objectives of the fund is already fixed in the prospectus and can never be changed until all the funds are withdrawn.A.	TrueB.	False9.	Buying a mutual fund is buying a bond.A.	TrueB.	False10.	Mutual funds are not traded.A.	TrueB.	FalseSIE Exam Lesson 18 Mutual Funds pt 1 Quiz cont.11.	Mutual funds allow the investor to switch within the family of funds with no sales charge.A.	TrueB.	False12.	In an open-end fund, there’s a one-time fee that the underwriter will get for selling the shares in that fund.A.	TrueB.	False13.	No load funds have no ___.A.	asking priceB.	bid priceC.	net asset valueD.	sales charge14.	The maximum sales charge for loaded funds is ___.A.	6 ¼ % of the net asset valueB.	6 ¼ % of the public offering priceC.	8 ½ % of the net asset valueD.	8 ½ % of the public offering price15.	If a loaded fund chooses to charge the maximum sales charge, it is also required to offer ___.(Select all that apply.)A.	breakpointsB.	letter of intentC.	principal reinvestmentD.	rights of accumulation16.	Which of the following is true about breakpoints?(Select all that apply.)A.	It can be obtained by investment clubs.B.	It is calculated only for individual investors.C.	It is detailed in the prospectus.D.	There is an increasing sales charge as the dollar amount goes up.17.	The maximum length on the letter of intent is ___.A.	12 months excluding 30 days backdatingB.	12 months including 30 days backdatingC.	13 months excluding the 90 days backdatingD.	13 months including the 90 days backdating18.	Which of the following is a characteristic of a diversified fund? (Select all that apply.)A.	Five percent or more of its assets can be invested in anyone issuer.B.	It has a fixed payment date.C.	Maximum of 10% of the voting shares of anyone issuer is allowed in the funds.D.	Seventy-five percent or more of its assets must be invested in securities.19.	Which of the following is the ideal type of 12b-1 fund for long-term investors?A.	Class AB.	Class BC.	Class CD.	Class D20.	Which of the following mutual fund sales practices is prohibited by the Investment Company Act of 1940?A.	accepting late orders after the market closesB.	offering a reduced sales charge if a client gets above a breakpointC.

SIE Exam Lesson 18 Mutual Funds pt 1 Quiz SIE Exam Lesson 18 Mutual Funds pt 1 Quiz This is a SIE Exam Lesson 18 Mutual Funds pt 1 Quiz, See how you do if you need help listen to the lesson over. Questions covered include 1.	Which of the following is an example of a mutual fund? (Select all that apply.) A.	corporate bond fund B.	balanced fund C.	hedge fund D.	junk bond fund 2.	Which of the following is an example of an income fund? (Select all that apply.) A.	12b-1 fund B.	bond income fund C.	government bond income fund D.	utility stock income fund 3.	Which of the following is an example of an open-end fund? (Select all that apply.) A.	12b-1 fund B.	accumulated fund C.	fee-based mutual fund D.	no load fund 4.	Which of the following is a requirement in putting up an investment management company? (Select all that apply.) A.	custodian bank B.	financial lawyer C.	investment advisor D.	underwriter 5.	It is anybody who has the ability to sponsor the mutual fund. A.	custodian bank B.	investment advisor C.	selling group D.	underwriter 6.	It is the document which outlines everything that the client needs to know about the mutual fund. A.	Investment Company Act of 1940 B.	investment management company indenture C.	mutual fund contract D.	prospectus 7.	Which of the following is contained in the prospectus? (Select all that apply.) A.	systematic withdrawal plan B.	the name of the investment advisor and the custodian bank and their respective fees C.	the type of mutual fund D.	whether the fund is a diversified fund or not 8.	The objectives of the fund is already fixed in the prospectus and can never be changed until all the funds are withdrawn. A.	True B.	False 9.	Buying a mutual fund is buying a bond. A.	True B.	False 10.	Mutual funds are not traded. A.	True B.	False SIE Exam Lesson 18 Mutual Funds pt 1 Quiz cont. 11.	Mutual funds allow the investor to switch within the family of funds with no sales charge. A.	True B.	False 12.	In an open-end fund, there’s a one-time fee that the underwriter will get for selling the shares in that fund. A.	True B.	False 13.	No load funds have no ___. A.	asking price B.	bid price C.	net asset value D.	sales charge 14.	The maximum sales charge for loaded funds is ___. A.	6 ¼ % of the net asset value B.	6 ¼ % of the public offering price C.	8 ½ % of the net asset value D.	8 ½ % of the public offering price 15.	If a loaded fund chooses to charge the maximum sales charge, it is also required to offer ___. (Select all that apply.) A.	breakpoints B.	letter of intent C.	principal reinvestment D.	rights of accumulation 16.	Which of the following is true about breakpoints? (Select all that apply.) A.	It can be obtained by investment clubs. B.	It is calculated only for individual investors. C.	It is detailed in the prospectus. D.	There is an increasing sales charge as the dollar amount goes up. 17.	The maximum length on the letter of intent is ___. A.	12 months excluding 30 days backdating B.	12 months including 30 days backdating C.	13 months excluding the 90 days backdating D.	13 months including the 90 days backdating 18.	Which of the following is a characteristic of a diversified fund? (Select all that apply.) A.	Five percent or more of its assets can be invested in anyone issuer. B.	It has a fixed payment date. C.	Maximum of 10% of the voting shares of anyone issuer is allowed in the funds. D.	Seventy-five percent or more of its assets must be invested in securities. 19.	Which of the following is the ideal type of 12b-1 fund for long-term investors? A.	Class A B.	Class B C.	Class C D.	Class D 20.	Which of the following mutual fund sales practices is prohibited by the Investment Company Act of 1940? A.	accepting late orders after the market closes B.	offering a reduced sales charge if a client gets above a breakpoint C.

SIE Exam Lesson 18 Mutual Funds pt 1 Quiz

SIE Exam Lesson 17 Investment Company Act of 1940 QuizSIE Exam Lesson 17 Investment Company Act of 1940 QuizThis is a SIE Exam Lesson 17 Investment Company Act of 1940 Quiz, See how you do if you need help listen to the lesson over.Questions covered include1.	Which of the following does the Investment Company Act of 1940 regulate?(Select all that apply.)A.	open-end mutual fundsB.	closed-end mutual fundsC.	unit investment trustsD.	face-amount certificate companies2.	A hedge fund is regulated by the Investment Company Act of 1940.A.	TrueB.	False3.	Which of the following is an obsolete investment?A.	closed-end mutual fundB.	face-amount certificateC.	open-end mutual fundD.	unit investment trust4.	Which of the following is NOT a characteristic of a face-amount certificate?A.	At the end of the maturity date, its investor would have a lump sum that is greater than the money he/she put in.B.	It has a fixed maturity date.C.	Its investor should pay a specific amount of money on a quarterly basis.D.	The money put on it is invested in very high quality securities.5.	These were used back then as guarantee when there was no mortgage yet and a bank makes a loan to an individual (i.e. to buy a house).A.	closed-end mutual fundB.	face-amount certificateC.	open-end mutual fundD.	unit investment trust6.	Open-end and closed-end mutual funds are run by ___.A.	face-amount certificate companiesB.	hedge fund companiesC.	investment management companiesD.	investment trust companies7.	A closed-end fund is very similar to a new issue on a stock.A.	TrueB.	False8.	An open-end fund is a mutual fund where you buy an interest in a pool of securities at ___.A.	net asset valueB.	net asset value plus interest rateC.	net asset value plus sales chargeD.	sales charge9.	The net asset value of an open-end fund is calculated ___.A.	everydayB.	every three business daysC.	every weekD.	every month10.	The net asset value of an open-end fund is the investor’s proportional interest in a basket of securities that are held by the mutual fund.A.	TrueB.	False11.	A unit investment trust has fixed portfolio for a specific set of time for a specific time period.A.	TrueB.	False12.	Which of the following is true about variable annuity?A.	It is a retirement investment plan.B.	It is invested in a fixed income investment portfolio.C.	It provides a fixed return.D.	all of the aboveWe hope you did well on this SIE Exam Lesson 17 Investment Company Act of 1940 QuizTotal Course 37 hours 10 Min37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam59 Audio Lessons for Securities Industry Essentials Exam13 Bonus Lessons about the finance industrySecurities Industry Essentials Exam Podcast Audio Lessons for the SIE ExamThe full course details:37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam59 Audio Lessons for Securities Industry Essentials Exam13 Bonus Lessons about the finance industrySecurities Industry Essentials Exam Podcast Audio Lessons for the SIE ExamNew Series 7 Exam and SIE Exam details.All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..https://www.finra.org/industry/essentials-exam 	“Securities Industry Essentials (SIE) ExamAvailable Beginning October 1, 2018The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry informa...

SIE Exam Lesson 17 Investment Company Act of 1940 Quiz SIE Exam Lesson 17 Investment Company Act of 1940 Quiz This is a SIE Exam Lesson 17 Investment Company Act of 1940 Quiz, See how you do if you need help listen to the lesson over. Questions covered include 1.	Which of the following does the Investment Company Act of 1940 regulate? (Select all that apply.) A.	open-end mutual funds B.	closed-end mutual funds C.	unit investment trusts D.	face-amount certificate companies 2.	A hedge fund is regulated by the Investment Company Act of 1940. A.	True B.	False 3.	Which of the following is an obsolete investment? A.	closed-end mutual fund B.	face-amount certificate C.	open-end mutual fund D.	unit investment trust 4.	Which of the following is NOT a characteristic of a face-amount certificate? A.	At the end of the maturity date, its investor would have a lump sum that is greater than the money he/she put in. B.	It has a fixed maturity date. C.	Its investor should pay a specific amount of money on a quarterly basis. D.	The money put on it is invested in very high quality securities. 5.	These were used back then as guarantee when there was no mortgage yet and a bank makes a loan to an individual (i.e. to buy a house). A.	closed-end mutual fund B.	face-amount certificate C.	open-end mutual fund D.	unit investment trust 6.	Open-end and closed-end mutual funds are run by ___. A.	face-amount certificate companies B.	hedge fund companies C.	investment management companies D.	investment trust companies 7.	A closed-end fund is very similar to a new issue on a stock. A.	True B.	False 8.	An open-end fund is a mutual fund where you buy an interest in a pool of securities at ___. A.	net asset value B.	net asset value plus interest rate C.	net asset value plus sales charge D.	sales charge 9.	The net asset value of an open-end fund is calculated ___. A.	everyday B.	every three business days C.	every week D.	every month 10.	The net asset value of an open-end fund is the investor’s proportional interest in a basket of securities that are held by the mutual fund. A.	True B.	False 11.	A unit investment trust has fixed portfolio for a specific set of time for a specific time period. A.	True B.	False 12.	Which of the following is true about variable annuity? A.	It is a retirement investment plan. B.	It is invested in a fixed income investment portfolio. C.	It provides a fixed return. D.	all of the above We hope you did well on this SIE Exam Lesson 17 Investment Company Act of 1940 Quiz Total Course 37 hours 10 Min 37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam 59 Audio Lessons for Securities Industry Essentials Exam 13 Bonus Lessons about the finance industry Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam The full course details: 37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam 59 Audio Lessons for Securities Industry Essentials Exam 13 Bonus Lessons about the finance industry Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam New Series 7 Exam and SIE Exam details. All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed.. <a href="https://www.finra.org/industry/essentials-exam" rel="nofollow" target="_blank">https://www.finra.org/industry/essentials-exam</a> 	“Securities Industry Essentials (SIE) Exam Available Beginning October 1, 2018 The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry informa...

SIE Exam Lesson 17 Investment Company Act of 1940 Quiz

SIE Exam Lesson 16 Options pt 6SIE Exam Lesson 16 Options pt 6This is a SIE Exam Lesson 16 Options pt 6  options pt.6 which is covering option combinations, See how you do if you need help listen to the lesson over.Questions covered include1. It is the purchasing and selling of put or call options with different strike prices, different expiration dates, or both.A. combinationB. spreadC. straddleD. strangle2. In a spread, when you close out one position, you are expected to close out the other position at the same time.A. TrueB. False3. The longer the option, the higher the time value premium.A. TrueB. False4. As an option approaches its expiration date, the time value on that option reaches its maximum value at the expiration of that option.A. TrueB. False5. This spread is designed to try to capture the decline of an option’s time value as the option approaches its expiration date.A. calendar spreadB. long call spreadC. long put spreadD. short call spread6. Which of the following is bearish?A. long call spreadB. short call spreadC. short put spreadD. all of the above7. The maximum profit for a long call spread is the net cost of the spread.A. TrueB. False8. A short call spread is a credit spread.A. TrueB. False9. You bought Jan 80 call at $10 and sold Feb 80 call at $20. Stock trades at $100 at expiration. Feb 80 call has $5 time value left. Which is true?(Note: This transaction is a calendar spread. The expiration mentioned is the expiration of the call option on January.)A. You shall buy back the February 80 call at $5.B. You shall buy back the February 80 call at $20.C. You shall buy back the February 80 call at $25.D. The February 80 call would expire worthless.10. You bought Nov 30 call at $3 and sold Dec 30 call at $5. Stock trades at $25 at Nov expiration. Dec 30 call has $1 time value left. Which is true?(Note: This transaction is a calendar spread.)A. The November 30 call would expire worthless.B. The December 30 call would expire worthless.C. You would have a net profit of $2 by closing your position on the spread.D. all of the above11. You bought Mar 60 call at $5 and sold Apr 70 call at $3. This transaction is most probably a ___.A. long call spreadB. long put spreadC. short call spreadD. short put spread12. You initiated a long call spread by buying Sept 70 call at $10 and selling Oct 80 call at $5. What is your maximum profit in this transaction?A. $5B. $10C. $15D. The maximum profit cannot be determined because the stock price is not given.13. You initiated a long call spread by buying May 100 call at $15 and selling June 85 call at $8. What is your maximum loss in this transaction?A. $7B. $8C. $15D. $2314. If you enter into a long call spread, which of the following pair of transactions would give you the greatest possible profit?A. buying a July 30 call at $5 and selling an August 50 call at $4B. buying a July 25 call at $6 and selling an August 40 call at $5C. buying a July 40 call at $9 and selling an August 60 call at $5D. All of the above transactions have equal maximum profit15. You initiated a short call spread by buying a Jan 40 call at $4 and selling a Feb 30 call at $7. What is your maximum profit in this transaction?A. $3B. $7C. $11D. The maximum profit cannot be determined because the stock price is not given.16. If you enter into a short call spread, which of the following transactions would you pair with buying a Nov 65 call at $6 to have the greatest possible profit?A. selling a December 60 call at $7 per shareB. selling a December 50 call at $8 per shareC. selling a December 40 call at $9 per shareD. The greatest possible profit would depend upon the highest price that the stock could get.17. You entered into a long put spread by buying Aug 95 put at $15 and selling Sept 75 put at $9.

SIE Exam Lesson 16 Options pt 6 SIE Exam Lesson 16 Options pt 6 This is a SIE Exam Lesson 16 Options pt 6  options pt.6 which is covering option combinations, See how you do if you need help listen to the lesson over. Questions covered include 1. It is the purchasing and selling of put or call options with different strike prices, different expiration dates, or both. A. combination B. spread C. straddle D. strangle 2. In a spread, when you close out one position, you are expected to close out the other position at the same time. A. True B. False 3. The longer the option, the higher the time value premium. A. True B. False 4. As an option approaches its expiration date, the time value on that option reaches its maximum value at the expiration of that option. A. True B. False 5. This spread is designed to try to capture the decline of an option’s time value as the option approaches its expiration date. A. calendar spread B. long call spread C. long put spread D. short call spread 6. Which of the following is bearish? A. long call spread B. short call spread C. short put spread D. all of the above 7. The maximum profit for a long call spread is the net cost of the spread. A. True B. False 8. A short call spread is a credit spread. A. True B. False 9. You bought Jan 80 call at $10 and sold Feb 80 call at $20. Stock trades at $100 at expiration. Feb 80 call has $5 time value left. Which is true? (Note: This transaction is a calendar spread. The expiration mentioned is the expiration of the call option on January.) A. You shall buy back the February 80 call at $5. B. You shall buy back the February 80 call at $20. C. You shall buy back the February 80 call at $25. D. The February 80 call would expire worthless. 10. You bought Nov 30 call at $3 and sold Dec 30 call at $5. Stock trades at $25 at Nov expiration. Dec 30 call has $1 time value left. Which is true? (Note: This transaction is a calendar spread.) A. The November 30 call would expire worthless. B. The December 30 call would expire worthless. C. You would have a net profit of $2 by closing your position on the spread. D. all of the above 11. You bought Mar 60 call at $5 and sold Apr 70 call at $3. This transaction is most probably a ___. A. long call spread B. long put spread C. short call spread D. short put spread 12. You initiated a long call spread by buying Sept 70 call at $10 and selling Oct 80 call at $5. What is your maximum profit in this transaction? A. $5 B. $10 C. $15 D. The maximum profit cannot be determined because the stock price is not given. 13. You initiated a long call spread by buying May 100 call at $15 and selling June 85 call at $8. What is your maximum loss in this transaction? A. $7 B. $8 C. $15 D. $23 14. If you enter into a long call spread, which of the following pair of transactions would give you the greatest possible profit? A. buying a July 30 call at $5 and selling an August 50 call at $4 B. buying a July 25 call at $6 and selling an August 40 call at $5 C. buying a July 40 call at $9 and selling an August 60 call at $5 D. All of the above transactions have equal maximum profit 15. You initiated a short call spread by buying a Jan 40 call at $4 and selling a Feb 30 call at $7. What is your maximum profit in this transaction? A. $3 B. $7 C. $11 D. The maximum profit cannot be determined because the stock price is not given. 16. If you enter into a short call spread, which of the following transactions would you pair with buying a Nov 65 call at $6 to have the greatest possible profit? A. selling a December 60 call at $7 per share B. selling a December 50 call at $8 per share C. selling a December 40 call at $9 per share D. The greatest possible profit would depend upon the highest price that the stock could get. 17. You entered into a long put spread by buying Aug 95 put at $15 and selling Sept 75 put at $9.

SIE Exam Lesson 16 Options pt 6 Quiz

SIE Exam: Securities Industry Essentials Exam Podcast Lessons and Information for the FINRA SIE Exam

I want to enter the financial services industry this podcast is a great way to start learning about the topics I need to understand in order to take the securities industry’s essentials exam. It’s great that now I can prepare for this examination and my entry into the financial services industry without being required to be an employee of a broker dealer or associated firm of FINRA.
I enjoyed the audio method of learning and I’m glad that Franz is putting out this series of audio lessons.

Good information!

SIE Exam: Securities Industry Essentials Exam Lessons and Information

SIE Exam Lesson 21 Unit Investment Trusts Securities Industry Essentials SIE Exam Sample Lesson 21 is another portion (about 1/2 of the full lesson) that we will share with you for the new 36 hour and 35 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam" and this is Securities Industry Essentials SIE Exam Sample Lesson 21 The full course details:  Total Course 36 hours 53 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam 58 Audio Lessons for Securities Industry Essentials Exam 13 Bonus Lessons about the finance industry Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam New Series 7 Exam and SIE Exam details. Here is a link to the table of Contents Here is what my customers say about my audio lessons Testimonials FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions. https://www.finra.org/industry/series7 However now all candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Odd Series 7 Exam. In a series 7 candidate must also have an industry sponsor in order to take the examination tot to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed.. https://www.finra.org/industry/essentials-exam “Securities Industry Essentials (SIE) Exam Available Beginning October 1, 2018 The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Key Features of the Essentials Exam • The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. • Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. • Essentials exam results are valid for four years. The Essentials Exam at a Glance Number of Items 75 Format Multiple Choice Duration 105 minutes Passing Score 70% Cost $60” New Series 7 Exam “On or After October 1, 2018 The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function. Major Job Functions Percentage of Test Questions Number of Test Questions (F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9 (F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11 (F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91 (F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14 TOTAL 100% 125” The five job functions of the new Series 7 General Securities Representative Exam will be: “Seeks business for the broker-dealer through customers and potential customers” “Evaluates customers’ financial status, financial needs and risk tolerance,

SIE Exam Lesson 21 Unit Investment Trusts Securities Industry Essentials SIE Exam Sample Lesson 21 is another portion (about 1/2 of the full lesson) that we will share with you for the new 36 hour and 35 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam" and this is Securities Industry Essentials SIE Exam Sample Lesson 21 The full course details: Total Course 36 hours 53 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam 58 Audio Lessons for Securities Industry Essentials Exam 13 Bonus Lessons about the finance industry Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam New Series 7 Exam and SIE Exam details. Here is a link to the table of Contents Here is what my customers say about my audio lessons Testimonials FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions. <a href="https://www.finra.org/industry/series7" rel="nofollow" target="_blank">https://www.finra.org/industry/series7</a> However now all candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Odd Series 7 Exam. In a series 7 candidate must also have an industry sponsor in order to take the examination tot to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed.. <a href="https://www.finra.org/industry/essentials-exam" rel="nofollow" target="_blank">https://www.finra.org/industry/essentials-exam</a> “Securities Industry Essentials (SIE) Exam Available Beginning October 1, 2018 The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Key Features of the Essentials Exam • The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. • Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. • Essentials exam results are valid for four years. The Essentials Exam at a Glance Number of Items 75 Format Multiple Choice Duration 105 minutes Passing Score 70% Cost $60” New Series 7 Exam “On or After October 1, 2018 The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function. Major Job Functions Percentage of Test Questions Number of Test Questions (F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9 (F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11 (F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91 (F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14 TOTAL 100% 125” The five job functions of the new Series 7 General Securities Representative Exam will be: “Seeks business for the broker-dealer through customers and potential customers” “Evaluates customers’ financial status, financial needs and risk tolerance,

2020 SIE Exam Lesson 21

SIE Exam Lesson 21 Unit Investment Trusts 2020 This is about one half of the full length of this audio lesson for SIE Exam Lesson 21 Unit Investment Trusts This Lesson of the Securities Industry Essentials SIE Exam audio course is a Sample Lesson of the full 36 hour and 35 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam" and this is Securities Industry Essentials SIE Exam Sample Lesson 5 Fixed income The full course details: 36 hours 53 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam 58 Audio Lessons for Securities Industry Essentials Exam 13 Bonus Lessons about the finance industry Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam New Series 7 Exam and SIE Exam details. FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions. https://www.finra.org/industry/series7 However now all candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Odd Series 7 Exam. In a series 7 candidate must also have an industry sponsor in order to take the examination tot to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed.. https://www.finra.org/industry/essentials-exam “Securities Industry Essentials (SIE) Exam Available Beginning October 1, 2018 The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Key Features of the Essentials Exam • The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. • Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. • Essentials exam results are valid for four years. The Essentials Exam at a Glance Number of Items 75 Format Multiple Choice Duration 105 minutes Passing Score 70% Cost $60” New Series 7 Exam “On or After October 1, 2018 The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function. Major Job Functions Percentage of Test Questions Number of Test Questions (F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9 (F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11 (F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91 (F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14 TOTAL 100% 125” The five job functions of the new Series 7 General Securities Representative Exam will be: “Seeks business for the broker-dealer through customers and potential customers” “Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives” “Opens accounts,

SIE Exam Lesson 21 Unit Investment Trusts 2020 This is about one half of the full length of this audio lesson for SIE Exam Lesson 21 Unit Investment Trusts This Lesson of the Securities Industry Essentials SIE Exam audio course is a Sample Lesson of the full 36 hour and 35 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam" and this is Securities Industry Essentials SIE Exam Sample Lesson 5 Fixed income The full course details: 36 hours 53 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam 58 Audio Lessons for Securities Industry Essentials Exam 13 Bonus Lessons about the finance industry Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam New Series 7 Exam and SIE Exam details. FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions. <a href="https://www.finra.org/industry/series7" rel="nofollow" target="_blank">https://www.finra.org/industry/series7</a> However now all candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Odd Series 7 Exam. In a series 7 candidate must also have an industry sponsor in order to take the examination tot to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed.. <a href="https://www.finra.org/industry/essentials-exam" rel="nofollow" target="_blank">https://www.finra.org/industry/essentials-exam</a> “Securities Industry Essentials (SIE) Exam Available Beginning October 1, 2018 The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Key Features of the Essentials Exam • The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. • Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. • Essentials exam results are valid for four years. The Essentials Exam at a Glance Number of Items 75 Format Multiple Choice Duration 105 minutes Passing Score 70% Cost $60” New Series 7 Exam “On or After October 1, 2018 The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function. Major Job Functions Percentage of Test Questions Number of Test Questions (F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9 (F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11 (F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91 (F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14 TOTAL 100% 125” The five job functions of the new Series 7 General Securities Representative Exam will be: “Seeks business for the broker-dealer through customers and potential customers” “Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives” “Opens accounts,

2020 SIE Exam Lesson 21 Unit Investment Trusts

SIE Exam Lesson 24 Securities Act of 1934 Securities Industry Essentials SIE Exam Sample Lesson 24 is another portion (about 1/2 of the full lesson) that we will share with you for the new 36 hour and 35 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam" and this is Securities Industry Essentials SIE Exam Sample Lesson 24 The full course details:  Total Course 36 hours 53 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam 58 Audio Lessons for Securities Industry Essentials Exam 13 Bonus Lessons about the finance industry Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam New Series 7 Exam and SIE Exam details. Here is a link to the table of Contents Here is what my customers say about my audio lessons Testimonials FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions. https://www.finra.org/industry/series7 However now all candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Odd Series 7 Exam. In a series 7 candidate must also have an industry sponsor in order to take the examination tot to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed.. https://www.finra.org/industry/essentials-exam “Securities Industry Essentials (SIE) Exam Available Beginning October 1, 2018 The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Key Features of the Essentials Exam • The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. • Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. • Essentials exam results are valid for four years. The Essentials Exam at a Glance Number of Items 75 Format Multiple Choice Duration 105 minutes Passing Score 70% Cost $60” New Series 7 Exam “On or After October 1, 2018 The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function. Major Job Functions Percentage of Test Questions Number of Test Questions (F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9 (F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11 (F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91 (F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14 TOTAL 100% 125” The five job functions of the new Series 7 General Securities Representative Exam will be: “Seeks business for the broker-dealer through customers and potential customers” “Evaluates customers’ financial status, financial needs and risk tolerance,

SIE Exam Lesson 24 Securities Act of 1934 Securities Industry Essentials SIE Exam Sample Lesson 24 is another portion (about 1/2 of the full lesson) that we will share with you for the new 36 hour and 35 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam" and this is Securities Industry Essentials SIE Exam Sample Lesson 24 The full course details: Total Course 36 hours 53 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam 58 Audio Lessons for Securities Industry Essentials Exam 13 Bonus Lessons about the finance industry Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam New Series 7 Exam and SIE Exam details. Here is a link to the table of Contents Here is what my customers say about my audio lessons Testimonials FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions. <a href="https://www.finra.org/industry/series7" rel="nofollow" target="_blank">https://www.finra.org/industry/series7</a> However now all candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Odd Series 7 Exam. In a series 7 candidate must also have an industry sponsor in order to take the examination tot to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed.. <a href="https://www.finra.org/industry/essentials-exam" rel="nofollow" target="_blank">https://www.finra.org/industry/essentials-exam</a> “Securities Industry Essentials (SIE) Exam Available Beginning October 1, 2018 The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Key Features of the Essentials Exam • The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. • Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. • Essentials exam results are valid for four years. The Essentials Exam at a Glance Number of Items 75 Format Multiple Choice Duration 105 minutes Passing Score 70% Cost $60” New Series 7 Exam “On or After October 1, 2018 The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function. Major Job Functions Percentage of Test Questions Number of Test Questions (F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9 (F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11 (F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91 (F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14 TOTAL 100% 125” The five job functions of the new Series 7 General Securities Representative Exam will be: “Seeks business for the broker-dealer through customers and potential customers” “Evaluates customers’ financial status, financial needs and risk tolerance,

2020 SIE Exam Lesson 24

SIE Exam Lesson 20 Mutual Funds 3 2020 This is about one half of the full length of this audio lesson for SIE Exam Lesson 20 Mutual Funds 3 This Lesson of the Securities Industry Essentials SIE Exam audio course is a Sample Lesson of the full 36 hour and 35 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam" and this is Securities Industry Essentials SIE Exam Sample Lesson 5 Fixed income The full course details: 36 hours 53 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam 58 Audio Lessons for Securities Industry Essentials Exam 13 Bonus Lessons about the finance industry Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam New Series 7 Exam and SIE Exam details. FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions. https://www.finra.org/industry/series7 However now all candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Odd Series 7 Exam. In a series 7 candidate must also have an industry sponsor in order to take the examination tot to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed.. https://www.finra.org/industry/essentials-exam “Securities Industry Essentials (SIE) Exam Available Beginning October 1, 2018 The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Key Features of the Essentials Exam • The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. • Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. • Essentials exam results are valid for four years. The Essentials Exam at a Glance Number of Items 75 Format Multiple Choice Duration 105 minutes Passing Score 70% Cost $60” New Series 7 Exam “On or After October 1, 2018 The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function. Major Job Functions Percentage of Test Questions Number of Test Questions (F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9 (F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11 (F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91 (F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14 TOTAL 100% 125” The five job functions of the new Series 7 General Securities Representative Exam will be: “Seeks business for the broker-dealer through customers and potential customers” “Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives” “Opens accounts,

SIE Exam Lesson 20 Mutual Funds 3 2020 This is about one half of the full length of this audio lesson for SIE Exam Lesson 20 Mutual Funds 3 This Lesson of the Securities Industry Essentials SIE Exam audio course is a Sample Lesson of the full 36 hour and 35 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam" and this is Securities Industry Essentials SIE Exam Sample Lesson 5 Fixed income The full course details: 36 hours 53 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam 58 Audio Lessons for Securities Industry Essentials Exam 13 Bonus Lessons about the finance industry Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam New Series 7 Exam and SIE Exam details. FINRA has announced major changes to the Series 7 Exam effective October 1, 2018. With the introduction of the Securities Industries Essentials Exam (SIE Exam) the new series 7 has been pared down to 125 questions from its original 250 questions. <a href="https://www.finra.org/industry/series7" rel="nofollow" target="_blank">https://www.finra.org/industry/series7</a> However now all candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Odd Series 7 Exam. In a series 7 candidate must also have an industry sponsor in order to take the examination tot to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed.. <a href="https://www.finra.org/industry/essentials-exam" rel="nofollow" target="_blank">https://www.finra.org/industry/essentials-exam</a> “Securities Industry Essentials (SIE) Exam Available Beginning October 1, 2018 The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices. Key Features of the Essentials Exam • The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers. • Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm. • Essentials exam results are valid for four years. The Essentials Exam at a Glance Number of Items 75 Format Multiple Choice Duration 105 minutes Passing Score 70% Cost $60” New Series 7 Exam “On or After October 1, 2018 The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function. Major Job Functions Percentage of Test Questions Number of Test Questions (F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9 (F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11 (F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91 (F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14 TOTAL 100% 125” The five job functions of the new Series 7 General Securities Representative Exam will be: “Seeks business for the broker-dealer through customers and potential customers” “Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives” “Opens accounts,

2020 SIE Exam Lesson 20 Mutual Funds 3

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