SIE Practice Questions

The SEC is a federal government agency responsible for all of the following, EXCEPT:
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The SEC is a federal government agency responsible for all of the following, EXCEPT:
Prosecute violators of criminal activity
- this is under the Department of Justice

The SEC is responsible for:
- creating/enforcing penalties for violation of federal securities law
- Protect US investors
- Require issuers to provide full and fair disclosure regarding their securities to investors
Which of the following is the exchange for options trading and the SRO for broker-dealers engaging in the options market?
CBOE
- Chicago Board Options Exchange
BFDIC is associated with which of the following?
Protecting bank account deposits in the US banks from bankruptcy
Following the execution of a trade, custody of client assets and securities are maintained by a(n):
Clearing broker-dealer
The main objectives of the Securities Act of 1933 are to:
Provide full and fair disclosures regarding new issues and to prevent misrepresentation and fraud in the sale of securities
When an issuer sells securities in a primary offering, the net proceeds are paid to the:
Issuer
Which the following underwriting agreements guarantees the issuer of an initial public offering (IPO) that all of the shares will be purchased?
Firm Commitment
Which of the following underwriting agreements allows an underwriter to step in, buy remaining shares, and then sell those shares to the public?
Standby
The cooling-off period is a minimum of _____ days
20
An investor owned a stock for 18 months before selling it to another investor. This trade placed in the:
Secondary market