Securities Industry Essentials Exam

son23 Securities Act of 1933 Quiz This is a  SIE Podcast Interview Logan Keller This is and interview with a new entrant to the financial services industry, Logan Keller.Logan talks about his background and his interesting path to become a RIA agent. 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.. 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 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, transfers assets and maintains appropriate account records” “Provides customers with information on investments and makes suitable recommendations” “Obtains and verifies customer's purchase and sales instructions,

SIE Exam Lesson 25 Sarbanes-Oxley Act Quiz SIE Exam Lesson 25 Sarbanes-Oxley Act Quiz This is a SIE Exam Lesson 25 Sarbanes-Oxley Act Quiz which is the Sarbanes Oxley Act, See how you do if you need help listen to the lesson over. Questions covered include 1. The Uniform Securities Agent State Law Examination is also known as the ___. A. Series 63 Exam B. Series 64 Exam C. Series 65 Exam D. Series 66 Exam 2. Blue sky laws are federal regulations. A. True B. False 3. An offering that is exempted from federal regulation is always exempted from state regulation. A. True B. False 4. A person has registered his securities in the Securities and Exchange Commission but he wants those securities be recognized in a certain state. What kind of registration does he need to file? A. registration by coordination B. registration by filing C. registration by notification D. registration by qualification 5. Taking orders from customers in a certain state requires broker-dealers to be registered in that state. A. True B. False 6. This rule separated the conflicts of interest that were inherent between the underwriter and the research analyst. A. Prudent Man Rule B. Sarbanes-Oxley Act C. Securities Investor Protection Act D. Trust Indenture Act 7. Which of the following would a prudent man likely to do? A. buy government securities for his client B. buy naked options for his client C. buy penny stocks for his client D. short stocks in the client's account 8. Which of the following will most likely be found in the legal list of securities that fall within the prudent man rule? (Select all that apply.) A. government securities B. highly rated corporate bonds C. highly rated municipal bonds D. 144 stocks 9. The Trust Indenture Act of 1939 requires a trust indenture for a corporate bond offering of at least ___. A. $3 million B. $4 million C. $5 million D. $6 million 10. Which of the following is true about the Investment Advisor Act of 1940? (Select all that apply.) A. It covers firms that offer wrap accounts and charge fees. B. It covers the people who charge a fee for investment advice. C. It only applies if the investment advisor gives advice to 15 or more people. D. It requires that investment advisors pass the Series 7 Examination. 11. The Securities Investor Protection Corporation protects the customer's assets up to ___. A. $500,000 B. $600,000 C. $800,000 D. $1,000,000 12. A client has an IRA account and a regular account. Under the Securities Investor Protection Act of 1970, the client has only one account. A. True B. False 13. The Federal Telephone Consumer Protection Act prohibits unsolicited calls before 8:00 A.M. or after 9:00 P.M. of the local time of the caller. A. True B. False 14. Which of the following is true about the Do Not Call list? (Select all that apply.) A. A firm can only call the persons listed on the Do Not Call list during weekdays on office hours but not on weekends and non-office hours. B. A person listed on the Do Not Call list can bring civil law enforcement actions against the firm that calls him. C. It applies to unsolicited faxes. D. The caller must identify himself by name, firm, and where he's coming from when calling a person on the Do Not Call list so that his call may be entertained. 15. Which of the following does the Sarbanes-Oxley Act require? A. It requires accounting firm to combine their management consultation business with their auditing business. B. It requires accounting firm to have both management consultation business and auditing business. C. It requires accounting firm to have either management consultation business or auditing business but not both. D. It requires accounting firms to separate their management consultation business from their auditing business. 16. According to the Sarbanes-Oxley Act, an accounting firm acting as auditors for the firm has to report to the ___. A.

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 15 Options pt 5 SIE Exam Lesson 15 Options pt 5 This is a SIE Exam Lesson 15 Options pt 5  options pt.1 which is covering spread options, 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 14 Options pt 4 SIE Exam Lesson 14 Options pt 4 This is a SIE Exam Lesson 14 Options pt 4  options pt.1which is covering straddle options See how you do if you need help listen to the lesson over. Questions covered include 1. It is a strategy of buying a put and a call with the same expiration date and the same strike price on the same company. A. combination B. protective put C. spread D. straddle 2. The last trading day of options is ___. A. the date of the option's expiration B. the date of the option's expiration minus two business days C. the last business day of the expiration month D. the last trade day before the expiration date 3. Options expire on ___. A. the first Friday of the expiration month B. the second Friday of the expiration month C. the third Friday of the expiration month D. the last Friday of the expiration month 4. It is a type of straddle wherein you sell the straddle. A. butterfly straddle B. condor straddle C. long straddle D. short straddle 5. The cost of a straddle is equal to ___. A. the price determined by the seller of the straddle B. the strike price divided by the beta C. the sum of the intrinsic values of the call option and the put option D. the sum of the premiums of the call option and the put option 6. The risk in a long straddle is ___. A. the breakeven on the downside B. the difference between the premiums of the call option and the put option C. the premium of either the call option or the put option, whichever is higher D. the total premium you paid for both of the options included in the straddle 7. The profit in a short straddle is ___. A. limited to the downside by the total price of the stock minus the premium you collect B. limited to the premium you collect C. limited to the upside by the total price of the stock plus the premium you collect D. unlimited to the movement of the price of the stock 8. The breakeven for a short straddle is the same as the breakeven for a long straddle. A. True B. False 9. In long straddles, the breakeven on the upside is where ___. A. the new stock price rises above the initial stock price plus the premium of the call option B. the new stock price rises above the initial stock price plus the total premium of the call and put option C. the strike price rises above the initial stock price plus the premium of the call option D. the price of the stock rises above the strike price enough to cover the premiums paid for the put and call options 10. In long straddles, the breakeven on the downside is where ___. A. the new stock price falls below the initial stock price minus the premium of the put option B. the new stock price rises above the initial stock price plus the total premium of the call and put option C. the price of the stock falls below the strike price enough to cover the premiums paid for the put and call options D. the strike price rises above the initial stock price plus the total premium of the call option and put option 11. In a long straddle, you make profit as long as the stock moved outside the breakeven on the upside and the breakeven on the downside. A. True B. False 12. In a short straddle, you lose money when the stock stays within the breakeven on the upside and the breakeven on the downside. A. True B. False 13. If you're looking at buying a straddle, you're looking for volatility; if you're looking to sell a short straddle, you're looking for stability. A. True B. False 14. In theory, a stock with a high beta should have lower option prices than a stock with a low beta. A. True B. False 15. A stock's price is $35. The strike price is $30, the call premium is $5.50, and the put premium is $1. What is the breakeven on the upside? A. $34.50 B. $36.50 C. $39.50 D. $40.50 16. A stock's price is $80. The strike price is $78, the call premium is $5, and the put premium is $3. What is the breakeven on the downside?

SIE Exam Lesson 21 Unit Investment Trusts 2021 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 new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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, transfers assets and maintains appropriate account records”

SIE Exam Lesson 18 Mutual Funds 1 2021 This is about one half of the full length of this audio lesson for SIE Exam Lesson 18 Mutual Funds 1 This Lesson of the Securities Industry Essentials SIE Exam audio course is a Sample Lesson of the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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, transfers assets and maintains appropriate account records” “Provides customers with information on investments and mak...

SIE Exam Lesson 15 Options 5 2021 This is about one half of the full length of this audio lesson for SIE Exam Lesson 15 Options 5 This Lesson of the Securities Industry Essentials SIE Exam audio course is a Sample Lesson of the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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, transfers assets and maintains appropriate account records” “Provides customers with information on investments and makes suitabl...

SIE Exam Lesson 10 CDS-ARS-SP 2020 This is about one half of the full length of this audio lesson for SIE Exam Lesson 10 CDS-ARS-SP This Lesson of the Securities Industry Essentials SIE Exam audio course is a Sample Lesson of the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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, transfers assets and maintains appropriate account records” “Provides customers with information on investments and makes suit...

2021 SIE Exam Lesson 8 Municipal Debt Fixed Income This is about one half of the full length of this audio lesson for SIE Exam Lesson 8 Municipal Debt Fixed Income This Lesson of the Securities Industry Essentials SIE Exam audio course is a Sample Lesson of the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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, transfers assets and maintains appropriate account records”

Securities Industry Essentials SIE Exam Sample Lesson Fixed Income pt. 3 Fixed Income pt. 3 lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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, transfers assets and maintains appropriate account records” “Provides customers with information on investments and makes suitable recommendations”

Securities Industry Essentials SIE Exam Sample Lesson Fixed Income pt. 2 This is Fixed Income pt. 2 lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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, transfers assets and maintains appropriate account records” “Provides customers with information on investments and makes suitable recommendations”

Securities Industry Essentials SIE Exam Sample Lesson Fixed Income pt. 1 This is Fixed Income pt. 1 lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" This is the SIE Exam Lesson on Fixed Income pt. 1 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.. 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 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, transfers assets and maintains appropriate account records” “Provides customers with information on investments and makes suitable r...

Securities Industry Essentials SIE Exam Sample Lesson 2 Preferred Stock This portion of the Preferred Stock lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" This is the SIE Exam Lesson on Common Stock 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.. 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 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, transfers assets and maintains appropriate account records” “Provides customers with information on investments and makes suita...

Securities Industry Essentials SIE Exam Sample Lesson 2 Common Stock This portion of the Common Stock lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" This is the SIE Exam Lesson on Common Stock 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.. 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 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, transfers assets and maintains appropriate account records” “Provides customers with information on investments and makes suitable re...

SIE Exam Lesson 13 Options pt 3 SIE Exam Lesson 13 Options pt 3 This is a SIE Exam Lesson 13 Options pt 3  options pt.1which is covering options pt. 1 basic option terminology of call and put options See how you do if you need help listen to the lesson over. Questions covered include Below are questions based on the previous lesson. Choose the letter of the correct answer. To take the quiz online, click here. Quiz Options Part 3 1. It refers to the number of options that are currently trading in the market. A. breakeven point B. open interest C. utility D. volatility 2. The following increases open interest EXCEPT: A. buying to close B. buying to open C. selling to open D. All of the above increase open interest. 3. If you bought an option and you want to sell it, the market price of the option would be ___. A. the option's time value at expiration date B. the option's intrinsic value at expiration date C. the option's intrinsic value when you bought the option D. the option's premium 4. Which of the following factors least affect the premium of an option? A. dividend B. interest rate C. option time period D. volatility 5. If you want to short a stock and interest rates are high, you have to pay higher margin interest rates. A. True B. False 6. Utility stocks used to be referred to as ___. A. county stocks B. growth stocks C. value stocks D. widow-and-orphan stocks 7. Why do utility stocks often have low premium options? A. Utility stocks often have high income. B. Utility stocks often have high volatility. C. Utility stocks often have low income. D. Utility stocks often have low volatility. 8. It is the measure of a stock's volatility in relation to the market. A. beta B. theta C. vega D. veta 9. Which of the following is NOT true about beta? A. A beta lower than one means that the stock moves more than the market does in general. B. A beta of one correlates equally with the market. C. High beta stocks will have higher option premiums. D. High dividend stocks have a lower beta. 10. If you short a stock and the stock pays a dividend, you are required to pay the dividend when that dividend comes do. A. True B. False SIE Exam Lesson 13 Options pt 3 cont: 11. Compared to call premiums, put premiums are lower on a high dividend stock. A. True B. False 12. Which of the following would yield a low option premium? A. An option with a high dividend on the stock. B. An option with a high volatility. C. An option with a long time period before expiration. D. all of the above 13. If you think the stock would go up, which is the best option strategy to take? A. Buy a long call option. B. Buy a long put option. C. Write a covered call. D. Write a naked call. 14. Why is it wise to write a covered call when the stock would go down? A. so that the call option would not be exercised and you can keep the premium B. so that you can buy the stock at a lower strike price C. so that you can profit by selling the stock at a higher price D. all of the above 15. If you long a call, that gives you the right to buy the stock at a specific strike price. A. True B. False 16. If you short a put, you are obligated to deliver the stock if it is called away from you. A. True B. False 17. A stock is selling at $50. A call option on that stock has a strike price of $70. The premium is $5. What is the breakeven for this option? A. $45 B. $55 C. $65 D. $75 18. You wrote a covered call for a stock. The stock price is $30. The stock's premium is $10 and the strike price is $25. If the stock goes down to $20, which is unlikely to happen? A. The option holder would exercise his option. B. The option would expire worthless. C. You would breakeven at the time the stock goes down to $20. D. You would earn profit by collecting the premium. 19. You wrote a covered call with a premium of $20 for a stock trading at $100.

SIE Exam Lesson 12 Options pt 2 SIE Exam Lesson 12 Options pt 2 This is a SIE Exam Lesson 12 Options pt 2  options pt.1which is covering options pt. 1 basic option terminology of call and put options See how you do if you need help listen to the lesson over. Questions covered include Below are questions based on the previous lesson. Choose the letter of the correct answer. To take the quiz online, click here. Quiz Options Part 2 Below are questions based on the previous lesson. Choose the letter of the correct answer. To take the quiz online, click here. 1. It is the cost of an option. A. bid price B. ask price C. premium D. strike price 2. The premium contains the option's ___. A. intrinsic value B. time value C. both intrinsic value and time value D. neither intrinsic value nor time value 3. This refers to the number of options that are open for trading in the market. A. bid B. volatility C. open interest D. volume 4. This refers to the number of options that were sold or traded for the given day. A. bid B. volatility C. open interest D. volume 5. It refers to the amount of uncertainty or risk about the size of changes in a security's value. A. open interest B. premium C. volatility D. volume 6. Parity is when the strike price and the stock are selling at exactly the same price. A. True B. False 7. An option is created by writing covered calls. A. True B. False 8. Writing a covered call ___. A. decreases open interest B. decreases volume C. increases open interest D. increases volume 9. If a person wrote an option (such as a covered call) and is now buying back the option, he is opening a position. A. True B. False 10. Person A writes a covered call option and Person B buys that option. Which of the following is true? A. Person A sells to close and Person B buys to close. B. Person A sells to close and Person B buys to open. C. Person A sells to open and Person B buys to close. D. Person A sells to open and Person B buys to open. SIE Exam Lesson 12 Options pt 2 Cont: 11. This is used in determining the theoretical value of an option. A. Black-Scholes model B. Fed model C. Sharpe ratio D. Sortino ratio 12. It serves as an insurance to your investment portfolio. A. covered call B. married put C. naked call D. put on a put 13. An option without intrinsic value always has no time value. A. True B. False 14. A naked put is written by a person who owns the stock. A. True B. False 15. A call option is offered on a stock. If the current price of the stock is $20 and the strike price is $15, what is the intrinsic value of the option? A. $2.5 B. $5 C. $10 D. There is no intrinsic value in this option. 16. A call option is offered on a stock. If the current price of the stock is $12 and the strike price is $10, what is the premium of the option? A. $1 B. $2 C. $11 D. The premium of the option cannot be computed from the given facts. 17. A call option is offered on a stock. The current price of the stock is $20 and the strike price is $15. The call option's premium is $8. What is the time value of the option? A. $2 B. $3 C. $4 D. There is no time value for this option. 18. An option is selling at $6 per share and the option is for 10 shares. If you bought the option for a bid price of $5.50 per share, how much will you pay for the option for 10 shares? A. $5.50 B. $6 C. $55 D. $60 19. If the stock is currently selling at $30 a share and you write a covered call for $40 a share, there is ___. A. $10 in the money option B. $10 out of the money option C. $30 in the money option D. $40 out of the money option 20. You bought a married put with a strike price of $15. If the current price of the stock is $20, what is the intrinsic value of the option? A. $2.5 B. $5 C. $10 D. There is no intrinsic value in this option. We hope you did well on this SIE Exam Lesson 12 Options pt 2  

SIE Exam Lesson 11 Options 1 2020 This is about one half of the full length of this audio lesson for SIE Exam Lesson 11 Options 1 This Lesson of the Securities Industry Essentials SIE Exam audio course is a Sample Lesson of the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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, transfers assets and maintains appropriate account records” “Provides customers with information on investments and makes suitabl...

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 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

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 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 22 Annuities Quiz

SIE Exam Lesson 21 Unit Investment Trust Quiz

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 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 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 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.. 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 informa...

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 15 Options pt 5 SIE Exam Lesson 15 Options pt 5 This is a SIE Exam Lesson 15 Options pt 5  options pt.1 which is covering spread options, 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 14 Options pt 4 SIE Exam Lesson 14 Options pt 4 This is a SIE Exam Lesson 14 Options pt 4  options pt.1which is covering straddle options See how you do if you need help listen to the lesson over. Questions covered include 1. It is a strategy of buying a put and a call with the same expiration date and the same strike price on the same company. A. combination B. protective put C. spread D. straddle 2. The last trading day of options is ___. A. the date of the option's expiration B. the date of the option's expiration minus two business days C. the last business day of the expiration month D. the last trade day before the expiration date 3. Options expire on ___. A. the first Friday of the expiration month B. the second Friday of the expiration month C. the third Friday of the expiration month D. the last Friday of the expiration month 4. It is a type of straddle wherein you sell the straddle. A. butterfly straddle B. condor straddle C. long straddle D. short straddle 5. The cost of a straddle is equal to ___. A. the price determined by the seller of the straddle B. the strike price divided by the beta C. the sum of the intrinsic values of the call option and the put option D. the sum of the premiums of the call option and the put option 6. The risk in a long straddle is ___. A. the breakeven on the downside B. the difference between the premiums of the call option and the put option C. the premium of either the call option or the put option, whichever is higher D. the total premium you paid for both of the options included in the straddle 7. The profit in a short straddle is ___. A. limited to the downside by the total price of the stock minus the premium you collect B. limited to the premium you collect C. limited to the upside by the total price of the stock plus the premium you collect D. unlimited to the movement of the price of the stock 8. The breakeven for a short straddle is the same as the breakeven for a long straddle. A. True B. False 9. In long straddles, the breakeven on the upside is where ___. A. the new stock price rises above the initial stock price plus the premium of the call option B. the new stock price rises above the initial stock price plus the total premium of the call and put option C. the strike price rises above the initial stock price plus the premium of the call option D. the price of the stock rises above the strike price enough to cover the premiums paid for the put and call options 10. In long straddles, the breakeven on the downside is where ___. A. the new stock price falls below the initial stock price minus the premium of the put option B. the new stock price rises above the initial stock price plus the total premium of the call and put option C. the price of the stock falls below the strike price enough to cover the premiums paid for the put and call options D. the strike price rises above the initial stock price plus the total premium of the call option and put option 11. In a long straddle, you make profit as long as the stock moved outside the breakeven on the upside and the breakeven on the downside. A. True B. False 12. In a short straddle, you lose money when the stock stays within the breakeven on the upside and the breakeven on the downside. A. True B. False 13. If you're looking at buying a straddle, you're looking for volatility; if you're looking to sell a short straddle, you're looking for stability. A. True B. False 14. In theory, a stock with a high beta should have lower option prices than a stock with a low beta. A. True B. False 15. A stock's price is $35. The strike price is $30, the call premium is $5.50, and the put premium is $1. What is the breakeven on the upside? A. $34.50 B. $36.50 C. $39.50 D. $40.50 16. A stock's price is $80. The strike price is $78, the call premium is $5, and the put premium is $3. What is the breakeven on the downside?

SIE Exam Lesson 13 Options pt 3 SIE Exam Lesson 13 Options pt 3 This is a SIE Exam Lesson 13 Options pt 3  options pt.1which is covering options pt. 1 basic option terminology of call and put options See how you do if you need help listen to the lesson over. Questions covered include Below are questions based on the previous lesson. Choose the letter of the correct answer. To take the quiz online, click here. Quiz Options Part 3 1. It refers to the number of options that are currently trading in the market. A. breakeven point B. open interest C. utility D. volatility 2. The following increases open interest EXCEPT: A. buying to close B. buying to open C. selling to open D. All of the above increase open interest. 3. If you bought an option and you want to sell it, the market price of the option would be ___. A. the option's time value at expiration date B. the option's intrinsic value at expiration date C. the option's intrinsic value when you bought the option D. the option's premium 4. Which of the following factors least affect the premium of an option? A. dividend B. interest rate C. option time period D. volatility 5. If you want to short a stock and interest rates are high, you have to pay higher margin interest rates. A. True B. False 6. Utility stocks used to be referred to as ___. A. county stocks B. growth stocks C. value stocks D. widow-and-orphan stocks 7. Why do utility stocks often have low premium options? A. Utility stocks often have high income. B. Utility stocks often have high volatility. C. Utility stocks often have low income. D. Utility stocks often have low volatility. 8. It is the measure of a stock's volatility in relation to the market. A. beta B. theta C. vega D. veta 9. Which of the following is NOT true about beta? A. A beta lower than one means that the stock moves more than the market does in general. B. A beta of one correlates equally with the market. C. High beta stocks will have higher option premiums. D. High dividend stocks have a lower beta. 10. If you short a stock and the stock pays a dividend, you are required to pay the dividend when that dividend comes do. A. True B. False SIE Exam Lesson 13 Options pt 3 cont: 11. Compared to call premiums, put premiums are lower on a high dividend stock. A. True B. False 12. Which of the following would yield a low option premium? A. An option with a high dividend on the stock. B. An option with a high volatility. C. An option with a long time period before expiration. D. all of the above 13. If you think the stock would go up, which is the best option strategy to take? A. Buy a long call option. B. Buy a long put option. C. Write a covered call. D. Write a naked call. 14. Why is it wise to write a covered call when the stock would go down? A. so that the call option would not be exercised and you can keep the premium B. so that you can buy the stock at a lower strike price C. so that you can profit by selling the stock at a higher price D. all of the above 15. If you long a call, that gives you the right to buy the stock at a specific strike price. A. True B. False 16. If you short a put, you are obligated to deliver the stock if it is called away from you. A. True B. False 17. A stock is selling at $50. A call option on that stock has a strike price of $70. The premium is $5. What is the breakeven for this option? A. $45 B. $55 C. $65 D. $75 18. You wrote a covered call for a stock. The stock price is $30. The stock's premium is $10 and the strike price is $25. If the stock goes down to $20, which is unlikely to happen? A. The option holder would exercise his option. B. The option would expire worthless. C. You would breakeven at the time the stock goes down to $20. D. You would earn profit by collecting the premium. 19. You wrote a covered call with a premium of $20 for a stock trading at $100.

SIE Exam Lesson 12 Options pt 2 SIE Exam Lesson 12 Options pt 2 This is a SIE Exam Lesson 12 Options pt 2  options pt.1which is covering options pt. 1 basic option terminology of call and put options See how you do if you need help listen to the lesson over. Questions covered include Below are questions based on the previous lesson. Choose the letter of the correct answer. To take the quiz online, click here. Quiz Options Part 2 Below are questions based on the previous lesson. Choose the letter of the correct answer. To take the quiz online, click here. 1. It is the cost of an option. A. bid price B. ask price C. premium D. strike price 2. The premium contains the option's ___. A. intrinsic value B. time value C. both intrinsic value and time value D. neither intrinsic value nor time value 3. This refers to the number of options that are open for trading in the market. A. bid B. volatility C. open interest D. volume 4. This refers to the number of options that were sold or traded for the given day. A. bid B. volatility C. open interest D. volume 5. It refers to the amount of uncertainty or risk about the size of changes in a security's value. A. open interest B. premium C. volatility D. volume 6. Parity is when the strike price and the stock are selling at exactly the same price. A. True B. False 7. An option is created by writing covered calls. A. True B. False 8. Writing a covered call ___. A. decreases open interest B. decreases volume C. increases open interest D. increases volume 9. If a person wrote an option (such as a covered call) and is now buying back the option, he is opening a position. A. True B. False 10. Person A writes a covered call option and Person B buys that option. Which of the following is true? A. Person A sells to close and Person B buys to close. B. Person A sells to close and Person B buys to open. C. Person A sells to open and Person B buys to close. D. Person A sells to open and Person B buys to open. SIE Exam Lesson 12 Options pt 2 Cont: 11. This is used in determining the theoretical value of an option. A. Black-Scholes model B. Fed model C. Sharpe ratio D. Sortino ratio 12. It serves as an insurance to your investment portfolio. A. covered call B. married put C. naked call D. put on a put 13. An option without intrinsic value always has no time value. A. True B. False 14. A naked put is written by a person who owns the stock. A. True B. False 15. A call option is offered on a stock. If the current price of the stock is $20 and the strike price is $15, what is the intrinsic value of the option? A. $2.5 B. $5 C. $10 D. There is no intrinsic value in this option. 16. A call option is offered on a stock. If the current price of the stock is $12 and the strike price is $10, what is the premium of the option? A. $1 B. $2 C. $11 D. The premium of the option cannot be computed from the given facts. 17. A call option is offered on a stock. The current price of the stock is $20 and the strike price is $15. The call option's premium is $8. What is the time value of the option? A. $2 B. $3 C. $4 D. There is no time value for this option. 18. An option is selling at $6 per share and the option is for 10 shares. If you bought the option for a bid price of $5.50 per share, how much will you pay for the option for 10 shares? A. $5.50 B. $6 C. $55 D. $60 19. If the stock is currently selling at $30 a share and you write a covered call for $40 a share, there is ___. A. $10 in the money option B. $10 out of the money option C. $30 in the money option D. $40 out of the money option 20. You bought a married put with a strike price of $15. If the current price of the stock is $20, what is the intrinsic value of the option? A. $2.5 B. $5 C. $10 D. There is no intrinsic value in this option. We hope you did well on this SIE Exam Lesson 12 Options pt 2  

SIE Exam Lesson 11 Options pt 1 Quiz SIE Exam Lesson 11 Options pt 1 Quiz This is a SIE Exam Lesson 11 Quiz  options pt.1which is covering options pt. 1 basic option terminology of call and put options See how you do if you need help listen to the lesson over. Questions covered include Below are questions based on the previous lesson. Choose the letter of the correct answer. To take the quiz online, click here. Quiz Options Part 1 1. The oldest recorded option was about _____ getting options on the use of olive presses for a small price and charging olive growers exorbitant price for the use of those olive presses. A. Nassim Taleb B. Parmenides of Elea C. Pythagoras D. Thales of Miletus 2. It gives the holder or buyer of the option the right to purchase a specific number of shares of stock. A. call option B. order option C. purchase option D. put option 3. All of the following are needed in evaluating the value of an option EXCEPT ___. A. expiration date of the option B. interest rate C. stock price D. strike price 4. The premium is the price paid for an option. A. True B. False 5. Brokerage firms require same-day settlement on the options that are bought from them. A. True B. False 6. In a call option, it is the price at which the stock can be bought. A. option price B. option rate C. stock price D. strike price 7. Which of the following makes a call option valuable? A. when the stock price is greater than the strike price after the expiration of the option B. when the stock price is greater than the strike price before the expiration of the option C. when the strike price is greater than the stock price after the expiration of the option D. when the strike price is greater than the stock price before the expiration of the option 8. The more time you have on the option, the more expensive the option becomes. A. True B. False 9. In the “in the money option”, the strike price is above the current stock price. A. True B. False 10. It is the difference between the strike price and the current stock price when the strike price is lower than the current stock price. A. absolute value B. intrinsic value C. option value D. par value SIE Exam Lesson 11 Options pt 1: Cont 11. If the stock price increases before the option expires, the intrinsic value of the option ___. A. decreases B. increases C. remains constant D. There is no direct relationship between the stock price and the intrinsic value of the option. 12. It is the price paid over the intrinsic value for the time period of the option. A. premium value B. premium intrinsic value C. settlement value D. time value 13. When the time value of the option declines to zero, what is left to the option at the time of expiration is its ___. A. intrinsic value B. par value C. strike value D. The time value will never decline to zero. 14. It is the right to sell the stock at a specific price. A. call feature B. call option C. put feature D. put option 15. In a put option, it is the price at which the stock can be sold. A. option price B. option rate C. stock price D. strike price 16. If the current price of the stock in the market is $60 and it was offered in a call option at a strike price is $50, what is the intrinsic value of the option? A. $10 B. $110 C. $5 D. $55 17. An option that has expired loses its intrinsic value. A. True B. False 18. If you bought a call option at a premium of $18 to buy a stock at $50 that is now selling in the market at $60, how much did you pay for the time value? A. $10 B. $18 C. $8 D. $9 19. If the current price of the stock in the market is $60 and the strike price is $50 in a put option, what is the intrinsic value of the put option? A. $5 B. $10 C. $55 D. The put option has no intrinsic value. 20. What value does an out of the money put option has? A. intrinsic value only B. time value only C.

This is a SIE Exam Lesson 10 Free Quiz which is covering Credit Default Swaps, Adjustable Rate Securities and SPV'. Try it and see how you do if you need help listen to the lesson over. SIE SIE Exam Lesson 10 Free Quiz This is a SIE Exam Lesson 10 Free Quiz which is coveringCredit Default Swaps, Adjustable Rate Securities and SPV's. Try it and see how you do if you need help listen to the lesson over. Questions covered include Below are questions based on the previous lesson. Choose the letter of the correct answer. To take the quiz online, click here. 1. Which of the following are derivative type products? (Select all that apply.) A. auction rate securities B. credit default swaps C. exchange-traded notes D. market index-linked CDs 2. The reason you would buy a credit default swap if you are a speculator is you expect the credit worthiness of a company to ___. A. go up B. go down C. be constant D. be the same as the leading index on the market 3. Credit default swaps are traded ___. A. on floors B. on the primary market C. on the secondary market D. over-the-counter 4. There is no limit to the number of credit default swaps that can be written on any specific position. A. True B. False 5. It is a credit default swap used as a hedge vehicle for a position. A. covered CDS B. indexed CDS C. married CDS D. naked CDS 6. It is a credit default swap for bonds that you speculate on but do not own. A. covered CDS B. indexed CDS C. married CDS D. naked CDS 7. How much would you pay for a credit default swap of a $50,000 worth of bonds that has a spread of 25 basis points? A. $125 B. $200 C. $2,000 D. $12,500 8. In a Dutch auction, a person actually puts back the bond to the issuer. A. True B. False 9. It is the lowest rate where there are enough purchasers willing to buy all the auctionable securities at a Dutch auction. A. auction rate B. clearing rate C. interest rate D. market rate 10. In a Dutch auction, the clearing rate is reset ___. A. every 7 days B. every 28 days C. every 35 days D. based on whatever is set in the offering circular or official statement SIE Exam Lesson 10 Free Quiz: Continued 11. In a Dutch auction, bids higher than the clearing rate will be able to buy the bonds. A. True B. False 12. Which of the following happens in the case of a failed auction? (Select all that apply.) A. There are so many people putting back their bonds but so few people buying them. B. There is no enough interest that develops in the market. C. People could not get out of their positions. D. People hold on to their auction rate securities at the minimum yield that was put in the bond covenant. 13. Which of the following are the risks in auction rate securities? (Select all that apply.) A. counterparty risk B. credit risk C. marketability risk D. suitability risk 14. Which of the following is true in a market index-linked CD? (Select all that apply.) A. These are CDs with a yield equivalent to a portion of an index. B. If the market goes up, you will participate equally on how much the upside of the market is. C. If the market goes down, you are guaranteed that your principal will not fall below par. D. If the bank issuing the CD goes bankrupt and the CD is not federally insured, you will not get back your principal. 15. If you don't hold on to a market index-linked CD until maturity, you're entitled to participate in its upside as long as the CD is FDIC insured. A. True B. False 16. Which of the following are risks in a market index-linked CD? (Select all that apply.) A. counterparty risk B. credit risk C. market risk D. principal risk 17. In a market index-linked CD, you can only lose principal if the institution issuing the CD goes bankrupt. A. True B. False 18. Which of the following are risks in an exchange-traded note? (Select all that apply.) A. counterparty risk B.

This is a SIE Exam Lesson 9 Free Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over. SIE SIE Exam Lesson 9 Free Quiz This is a SIE Exam Lesson 9 Free Quiz which is covering Money Market. Try it and see how you do if you need help listen to the lesson over. Questions covered include Below are questions based on the previous lesson. Choose the letter of the correct answer. To take the quiz online, click here. 1. Which of the following is an example of a money market instrument? A. treasury bills B. commercial paper C. banker's acceptance D. all of the above 2. Money market instruments mature in ___. A. one year or less B. two years C. five years D. ten years or more 3. This is the only type of banker's acceptance that the Federal Reserve buys. A. premium banker's acceptance B. primary banker's acceptance C. prime banker's acceptance D. The Federal Reserve does not accept banker's acceptance. 4. The price of repurchasing a security include a yield. A. True B. False 5. A reverse repurchase agreement is an agreement between two parties where one party agrees to sell a block of securities to another party with the agreement that those securities will be repurchased at a later date at a specific price. A. True B. False 6. The shortest repurchase agreement is ___. A. twelve hours B. overnight C. two days D. five days 7. Which is NOT a characteristic of a repurchase agreement? A. It has a liquidity risk. B. It has a purchasing power risk. C. Its interest rate can change overnight. D. Its interest rates are very low. 8. The reverse repurchase agreement is used primarily by the ___. A. Federal Reserve B. government agencies C. secondary market D. all of the above 9. A reverse repurchase agreement is also called a matched sale. A. True B. False 10. The Federal Reserve is owned by the government. A. True B. False 11. Which of the following does the President of the United States have authority to appoint in the Federal Reserve Board? A. chairman B. governors C. both the chairman and the governor D. neither the chairman nor the governor 12. The Federal Reserve having “open market operations” means ___. A. It accepts all kinds of financial instruments. B. It operates 24 hours a day, 7 days a week. C. It transacts even with those people outside the member banks. D. all of the above 13. How does the Federal Reserve create liquidity in the market? A. It buys fixed-income investments. B. It sells collateralized debt obligations. C. It sells fixed-income investments. D. all of the above 14. What does LIBOR stand for? A. Leicester Internal Bureau of Reserve B. Leicester International Bank Open Rate C. London Interbank Offered Rate D. London International Bank Official Rate 15. These are funds which a member bank of the Federal Reserve leaves on deposit at the Federal Reserve. A. Federal Asset B. Federal Deposits C. Federal Funds D. Federal Reserve Account 16. What is the Federal Fund rate? A. the overnight rate which is the daily average of the rates of most member banks B. the overnight rate which is the highest accounted rate of the day among the member banks C. the overnight rate which is the rate of the day of the Federal Reserve D. the overnight rate which is twice the rate of the day of the loaning bank 17. These are dollar-denominated deposits which are held in a bank branch outside the United States. A. Eurodollars B. Federal Funds C. Foreign Deposits D. all of the above 18. This is the rate for Eurodollars loaned overnight. A. Eurodollar Overnight Rate B. Eurodollar Standardized Rate C. Federal Fund Rate D. London Interbank Offered Rate 19. The London Interbank Offered Rate is the average of Eurodollar loan rates of five major banks which are all located in London. A. True B. False 20. Which of the following is NOT considered as eligible securitie...

This is a SIE Exam Lesson 8 Free Quiz which is covering Municipal Debt. Try it and see how you do if you need help listen to the lesson over. SIE SIE Exam Lesson 8 Free Quiz This is a SIE Exam Lesson 8 Free Quiz which is covering Municipal Debt. Try it and see how you do if you need help listen to the lesson over. Questions covered include Below are questions based on the previous lesson. Choose the letter of the correct answer. To take the quiz online, click here. 1. Which is NOT a characteristic of municipal bonds? A. They are issued by the states, local government, and political subdivisions. B. They are issued in fully registered or book-entry forms. C. They do not obtain legal opinion when they are issued. D. All of the above are characteristics of municipal bonds. 2. How are municipal bonds issued today? A. They are issued as bearer bonds. B. They are issued as serial bonds. C. They are issued both as bearer bonds and serial bonds. D. They are issued neither as bearer bonds nor serial bonds. 3. The interest on qualified municipal bonds are always exempted from federal tax. A. True B. False 4. It is done by a bond counsel who examines the issue to determine if the municipal bond is legally binding on the issuer and that the interest is exempt from federal tax under the current law. A. constitutional limiting B. feasibility study C. legal opinion D. trust indenture 5. A bond counsel giving a qualified legal opinion says that there may be problems with the issue of the municipal bond such as the exemption from federal tax. A. True B. False 6. Which of the following is a municipal bond? A. moral obligation bond B. special assessment bond C. industrial development bond D. all of the above 7. Which of the following does NOT secure a special tax bond? A. ad valorem tax B. cigarette tax C. gasoline tax D. liquor tax 8. The issuance of this bond is backed up by a revenue source (other than an ad valorem tax or property tax) and by the full faith and credit of the taxing authority. A. double-barreled bond B. general obligation bond C. limited tax bond D. Public Housing Authority bond 9. Short-term municipal notes have a life of less than twelve months up to three years. A. True B. False 10. These notes are issued at the end of the year and the taxes received at the beginning of the year will be used to pay off the issued notes. A. grant anticipation notes B. revenue anticipation notes C. tax anticipation notes D. tax exempt commercial paper SIE Exam Lesson 8 Free Quiz: Municipal Debt: Continued 11. Step up or step down variable interest notes have interest rate that goes up or down and keeps the value of the bond basically at par. A. True B. False 12. Which of the following does NOT contribute to a state's income? A. income tax B. real property tax C. sales tax D. All of the above contribute to a state's income. 13. Which of the following is NOT a characteristic of a general obligation bond? A. It carries the full faith and credit of the issuing municipality. B. It carries the highest ratings and therefore the highest yield. C. It is serviced by ad valorem taxes. D. All of the above are characteristics of a general obligation bond. 14. Which of the following is NOT a revenue bond? A. hospital bond B. sewer bond C. special assessment bond D. water bond 15. These are used for the protection of the investor in the bonds. A. deed covenant B. nondiscrimination covenant C. protective covenant D. revenue pledge covenant 16. The element of a municipal bond that allows, but not obliges, the issuer to call the bonds usually after a certain date. A. call feature B. mandatory redemption provision C. optional redemption provision D. refund feature 17. Which insurance company insure municipal bond debt? A. American Municipal Bond Assurance Corporation (AMBAC) B. Financial Guarantee Insurance Corporation (FGIC) C.

This is a SIE Exam Lesson 7 Free Quiz which is covering Fixed income. Try it and see how you do if you need help listen to the lesson over. SIE SIE Exam Lesson 7 Free Quiz This is a SIE Exam Lesson 7 Free Quiz which is covering Fixed income. Try it and see how you do if you need help listen to the lesson over. Questions covered include Below are questions based on the previous lesson. Choose the letter of the correct answer. To take the quiz online, click here. 1. The US government is not subject to the Securities Act of 1933. A. True B. False 2. Which of the following are non-callable? A. treasury notes B. treasury bonds C. treasury bills D. all of the above 3. A risk free investment guarantees a client to get back a dollar for every dollar he invests as long as he does it at par. A. True B. False 4. Which of the following is a risk-free investment? A. Collateralized Mortgage Obligations B. treasury bills C. zero coupon bond D. all of the above 5. Interest on direct US treasuries are exempted from ___. A. federal taxation B. state taxation C. both federal taxation and state taxation D. neither federal taxation nor state taxation 6. Which of the following is NOT a characteristic of US government bonds? A. Their auctions are held every six months. B. Their interest is paid semiannually. C. They are callable. D. They are the longest issued bonds. 7. Interest rates of Treasury Inflation Protected Securities are usually lower than treasury notes or treasury bonds because of the ___. A. coupon rate B. inflation protection C. state taxation D. all of the above 8. Which of the following is NOT a quasi-hybrid security? A. Certificates of Accrual on Treasury Securities (CATS) B. Separate Trading of Registered Interest and Principal Securities (STRIPS) C. Treasury Income Growth Receipts (TIGERS) D. All of the above are quasi-hybrid securities. 9. It is an independent federal agency created as a successor regulatory agency from the merger of the Federal Housing Finance Board, the Office of Federal Housing Enterprise Oversight and the US Department of Housing and Urban Development. A. Federal Home Loan Agency B. Federal Housing Finance Agency C. Federal Intermediate Credit Agency D. Federal Land Agency SIE Exam Lesson 7 Free Quiz: Continued 10. The only US government agency obligation that carries the full faith and credit of the United States government A. Farmers Housing Administration B. Government National Mortgage Association C. Small Business Administration D. Student Loan Marketing Association 11. Which of the following is NOT guaranteed in a Ginnie Mae certificate? A. duration of the investment B. interest rate C. principal D. All of the above are guaranteed in a Ginnie Mae certificate. 12. Why does the investment value of a Collateralized Mortgage Obligation decline in a client's statement? A. The interest rate goes down making the investment value decrease. B. The principal is adjusted based on the current inflation rate. C. The reduction in the investment value is received by the client every month as part of the principal. D. all of the above 13. Zero coupon bonds are created by the government. A. True B. False 14. These are government notes or government bonds whose interest payments are stripped out and then sold at a discount. A. serial bonds B. treasury bills C. treasury bonds D. zero coupon bonds 15. If a client owns a 20-year zero coupon treasury bond and interest rates go up, that bond in the secondary market will ___. A. drop as much as a regular bond B. drop significantly more than a regular bond C. rise as much as a regular bond D. rise significantly more than a regular bond 16. Which of the following is a characteristic of the Student Loan Marketing Association? A. It issues normal debentures which are backed by its loans. B. Interest is paid semi-annually on its bonds. C.

This is a SIE Exam Lesson 6 Free Quiz which is covering Fixed income. Try it and see how you do if you need help listen to the lesson over. SIE Exam Lesson 6 Free Quizz This is a SIE Exam Lesson 6 Free Quiz which is covering Fixed income. Try it and see how you do if you need help listen to the lesson over. Questions covered include 1. Which of the following is the correct set of government bills in order of increasing length in which they are set? A. bills, notes, bonds B. notes, bonds, bills C. bonds, notes, bills D. All of the above government bills have equal duration in which they are set. 2. Which of the following is NOT a US government sponsored entity? A. Fannie Mae B. Freddie Mac C. Ginnie Mae D. Sallie Mac 3. A call feature is a compulsory redemption of the bond at a specific price. A. True B. False 4. A call protection period is _____. A. a period of time which protects the bond holder from an increase in the interest rate B. a period of time which protects the bond holder from a decrease in the dividend C. a period of time which protects the bond holder from a call from the issuer D. a period of time which protects the bond holder from a call from the transfer agent 5. It is best to quote a bond to a client in the most conservative yield. A. True B. False 6. It is the right of the bond holder to redeem the bond from the issuer on a specific date. A. call feature B. put feature C. tending feature D. refund feature 7. US treasury bonds are quoted in ___. A. eighths B. sixteenths C. thirty-seconds D. sixty-fourths 8. Corporate bonds are quoted in ___. A. eighths B. sixteenths C. thirty-seconds D. sixty-fourths 9. Bonds that trade flat are bonds without accrued interest. A. True B. False 10. Which of the following is a bond that trade flat? A. defaulted bond B. commercial paper C. zero coupon bond D. all of the above SIE Exam Lesson 6 Free Quiz: Fixed Income pt. 2: Continued 11. A basis point is 10th of a percentage point. A. True B. False 12. In calculating the price of a serial bond, the following are needed EXCEPT ___. A. call date B. maturity date C. settlement date D. yield basis quote 13. In corporate bonds, in the event of dissolution, which of the following is the correct set of obligation in order of decreasing priority? A. preferred stockholders  secured creditors  debentures  unpaid wages, taxes, trade creditors B. secured creditors  preferred stockholders  debentures  unpaid wages, taxes, trade creditors C. secured creditors  unpaid wages, taxes, trade creditors  debentures  preferred stockholders D. unpaid wages, taxes, trade creditors  debentures  secured creditors  preferred stockholders 14. The Trust Indenture Act of 1939 includes which of the following? A. the terms of the issuance of bond B. specific protections for the bondholders C. important information for the full disclosure of the terms of that bond offering D. all of the above 15. All of the following are secured debts EXCEPT ___. A. debentures B. equipment trust certificates C. mortgage bonds D. All of the above are secured debts. 16. Which of the following is NOT a characteristic of a commercial paper? A. It is registered in the Securities and Exchange Commission. B. It is usually in very large denominations. C. It is usually issued at a discount. D. Its maturity does not exceed 270 days. 17. It gives the bond holder the option of converting his debt in common stock at a set conversion ratio. A. collateral trust certificates B. convertible corporate debt C. direct paper D. income bonds 18. Why would a bond be called by the issuer? A. to convert the bond into common stock B. to exchange the bond for another bond C. to make interest payments tax deductible D. to put a ceiling price on the bond if the interest rates go down 19. When the bond and stock are trading at equivalent values and there's no theoretic...

This is a SIE Exam Lesson 5 Free Quiz which is covering Fixed income. Try it and see how you do if you need help listen to the lesson over. SIE Exam Lesson 5 Free Quizz This is a SIE Exam Lesson 5 Free Quiz which is covering Fixed income. Try it and 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 fixed income investment? A. bond B. government note C. collateralized mortgage obligations D. all of the above 2. In fixed income investments, the par value ___. A. is greater than the maturity value B. is less than the maturity value C. is equal to the maturity value D. varies with the maturity value but with no general trend 3. Maturity value is the value the investor gets when his fixed income investment matures. A. True B. False 4. This is the date when the investor gets back the par value of his fixed income investment. A. call date B. declaration date C. maturity date D. payable date 5. Fixed income investments have stated interest rates except for ___. A. serial bonds B. series bonds C. term bonds D. zero coupon bonds 6. US government bonds have no call features. A. True B. False 7. Sinking funds are ___. A. bonds that have depreciated its par value B. a portion of money set aside every year to buy back the issued bonds C. the difference between the bond's par value and the yield of maturity D. all of the above 8. Which of the following is associated with collateralized mortgage obligations? A. Ginnie Mae B. government bill C. sinking funds D. all of the above 9. These bonds are bought at a discount and mature at par value. A. serial bonds B. series bonds C. term bonds D. zero coupon bonds 10. These are bonds that have varying maturity dates that carry different interest rates. A. serial bonds B. series bonds C. term bonds D. zero coupon bonds SIE Exam Lesson 5 Free Quiz: Fixed Income pt. 1: Continued 11. Which of the following does a zero coupon bond have? A. interest rate B. interest payment date C. discount D. all of the above 12. Which of the following does a term bond have? A. interest rate B. interest payment date C. maturity date D. all of the above 13. In a zero coupon bond, the difference between the value of the bond when it is bought and the value of the bond when it matures is the calculated yield. A. True B. False 14. Serial bonds are issued in a series of steps according to the cash needs of the issuer. A. True B. False 15. In the normal yield curve environment, ___. A. the shorter the maturity on a fixed income investment, the lower the par value B. the shorter the maturity on a fixed income investment, the higher the par value C. the shorter the maturity on a fixed income investment, the lower the yield D. the shorter the maturity on a fixed income investment, the higher the yield 16. In an inverted yield curve, ___. A. the shorter the maturity on a fixed income investment, the lower the par value B. the shorter the maturity on a fixed income investment, the higher the par value C. the shorter the maturity on a fixed income investment, the lower the yield D. the shorter the maturity on a fixed income investment, the higher the yield 17. When buying a discounted bond in the secondary market, which of the following is the correct set of yield in order of increasing value? A. coupon yield, current yield, yield to maturity B. yield to maturity, coupon yield, current yield C. current yield, coupon yield, yield to maturity D. All of the three yields would have equal value. 18. When buying a bond at par, which of the following is the correct set of yield in order of increasing value? A. coupon yield, current yield, yield to maturity B. yield to maturity, coupon yield, current yield C. current yield, coupon yield, yield to maturity D. All of the three yields would have equal value. 19.

This is a SIE Exam Lesson 4 Free Quiz which is covering Special Securities. Try it and see how you do if you need help listen to the lesson over. SIE Exam Lesson 4 Free Quiz This is a SIE Exam Lesson 4 Free Quiz which is covering Preferred Stocks. Try it and see how you do if you need help listen to the lesson over. Questions covered include 1. These are rights to purchase stock at specific prices that are long-term in nature. A. purchasing rights B. preemptive rights C. option rights D. warrants 2. To which of the following can warrants be attached to? A. sale of a common stock B. sale of a preferred stock C. sale of a bond D. all of the above 3. Warrants can be traded but they should be traded along with the stock or bond that comes with them. A. True B. False 4. The value of the warrant is based on the ___ that it is tied to. A. stock B. dividend of the stock C. interest rate of the stock D. par value of the stock 5. Warrants allow trading foreign stocks on the US markets. A. True B. False 6. Rights to buy a new stock come about as a result of ___. A. preemptive rights B. purchasing rights C. voting rights D. warrants 7. How are warrants and rights similar? A. Both warrants and rights are traded separately from the stock that they are attached to. B. They both serve as enticement to buy stocks. C. They are both special securities. D. all of the above 8. How are warrants and rights different? A. Warrants are short term in nature while rights are long term in nature. B. Warrants are long term in nature while rights are short term in nature. C. Warrants are attached to stocks while rights are not attached to stocks. D. Rights are attached to stocks while warrants are not attached to stocks. 9. The warrant can be exercised immediately after the issuance of the bond or stock that is attached to it. A. True B. False SIE Exam Lesson 4 Free Quiz: Special Securities: Continued 10. All warrants have expiration dates. A. True B. False 11. Why would companies issue warrants? A. It would lower their tax. B. It would increase the stock price at the secondary market. C. It would increase their ability to issue a secondary offering of stocks at a slightly higher price. D. all of the above 12. In order for a warrant to have an intrinsic value, ___. A. The warrant must have a price equal to the price of the stock it is attached to. B. The warrant must have a price higher than the price of the stock it is attached to. C. The warrant must have a price lower than the price of the stock it is attached to. D. The warrant must have a constant price regardless of the price of the stock it is attached to. 13. This is a negotiable security that represents securities of a non-U.S. company that trades in the U.S. financial markets. A. bond B. right C. ADR D. warrant 14. What does ADR stand for? A. American Dividend Receipts B. American Differential Receipts C. American Development Receipts D. American Depository Receipts 15. The dividends of the ADR are paid ___. A. in US currency only B. only in the currency of the country of the investor who bought the ADR C. in either US currency or the investor's country currency, whichever has the lower dividend after currency conversion D. in any currency that the bank offers where the dividend is claimed 16. Non-sponsored ADRs are assembled by banks and brokers without the participation of the issuer of the stock. A. True B. False 17. How does the sponsored ADRs and non-sponsored ADRs differ? A. Issuers of sponsored ADRs does not work with the bank or the broker in creating ADRs while issuers of non-sponsored ADRs work with the bank or the broker in creating ADRs. B. Issuers of sponsored ADRs must provide annual and quarterly reports in English to the holders of the ADR while this is not required for the issuers of non-sponsored ADRs. C. Holders of sponsored ADRs have voting and preemptive rights wh...

This is a SIE Exam Lesson 2 Free Quiz which is covering Common Stocks. Try it and see how you do if you need help listen to the lesson over. SIE Exam Lesson 3 Free Quiz This is a SIE Exam Lesson 3 Free Quiz which is covering Preferred Stocks. Try it and see how you do if you need help listen to the lesson over. Questions covered include 1. In which of the following sections of the balance sheet is the common stock placed? A. asset B. equity C. liability D. revenue 2. A common stockholder owns a portion of the company. A. True B. False 3. Which of the following can issue common stock? A. corporations B. investment companies C. both corporations and investment companies D. neither corporations nor investment companies 4. A no par stock means ___. A. the stock does not have voting rights B. the stock does not receive dividends C. the stock has a negligible or very low par value D. the stock has no intrinsic value 5. Why do stocks have low par value? A. A low par value allows more people to buy stocks and therefore increasing the company's equity. B. Lowering the par value also lowers the tax of the corporation. C. The low par value ensures that the corporation issues only a sustainable amount of stock. D. The New York Stock Exchange rules does not allow high par value. 6. These are shares that have been sold and then bought back by the company. A. authorized shares B. issued shares C. outstanding shares D. treasury shares 7. Which of the following is not included when computing for a company's earnings per share? A. authorized shares B. issued shares C. outstanding shares D. treasury shares 8. The ___ handles the transfer of stock from an old stockholder to a new one. A. bookkeeper B. registrar C. rights agent D. transfer agent 9. Which of the following is true about the rights of a stockholder? (Select all that apply.) A. A stockholder has the right to vote at the company's annual meeting. B. The amount of votes that a stockholder has is determined by the number of shares he owns. C. The stockholder has the right to buy shares of stock before they are offered to somebody else at the issue price. D. The stockholder's liability is limited to the value of his stocks. SIE Exam Lesson 3 Free Quiz: Continued 10. According to the New York Stock Exchange rules, which of the following does NOT require a stockholder vote? A. clearance of a stock split B. declaration of a reverse stock split C. issuance of convertible bonds D. purchase of treasury stock 11. Under the New York Stock Exchange rules, a stock dividend can be made by the decision of the Board of Directors as long as the stock dividend is less than ___. A. 10% B. 15% C. 20% D. 25% 12. Only those stockholders present at the annual meeting can vote. A. True B. False 13. A stockholder can change his vote on his proxy statement if he attends the annual meeting. A. True B. False 14. Which of the following does NOT allow different classes of common stock? A. American Stock Exchange B. NASDAQ C. New York Stock Exchange D. All stock exchanges allow for different classes of common stock. 15. According to the Securities Act of ___, a common stockholder has the right to inspect the record book of stockholders. A. 1933 B. 1934 C. 1943 D. 1944 16. Which of the following are negotiable securities according to the New York Stock Exchange rules? A. certificates of deposit B. mutual funds C. savings bond D. transfer of ownership 17. A stockholder is not allowed to sell his right to buy a stock. A. True B. False 18. In the event of a corporate dissolution or bankruptcy, a common stockholder has the right to the corporate assets. A. True B. False 19. The normal settlement states that you need to own the stock and be an owner of record at least ___ business days before the record date in order to be a stockholder of record. A. one B. two C. three D. four 20.

This is a SIE Exam Lesson 1 Free Quiz which is covering Common Stocks. Try it and see how you do if you need help listen to the lesson over. SIE Exam Lesson 2 Free Quiz This is a SIE Exam Lesson 1 Free Quiz which is covering Common Stocks. Try it and see how you do if you need help listen to the lesson over. Questions covered include 1. In which of the following sections of the balance sheet is the common stock placed? A. asset B. equity C. liability D. revenue 2. A common stockholder owns a portion of the company. A. True B. False 3. Which of the following can issue common stock? A. corporations B. investment companies C. both corporations and investment companies D. neither corporations nor investment companies 4. A no par stock means ___. A. the stock does not have voting rights B. the stock does not receive dividends C. the stock has a negligible or very low par value D. the stock has no intrinsic value 5. Why do stocks have low par value? A. A low par value allows more people to buy stocks and therefore increasing the company's equity. B. Lowering the par value also lowers the tax of the corporation. C. The low par value ensures that the corporation issues only a sustainable amount of stock. D. The New York Stock Exchange rules does not allow high par value. 6. These are shares that have been sold and then bought back by the company. A. authorized shares B. issued shares C. outstanding shares D. treasury shares 7. Which of the following is not included when computing for a company's earnings per share? A. authorized shares B. issued shares C. outstanding shares D. treasury shares 8. The ___ handles the transfer of stock from an old stockholder to a new one. A. bookkeeper B. registrar C. rights agent D. transfer agent 9. Which of the following is true about the rights of a stockholder? (Select all that apply.) A. A stockholder has the right to vote at the company's annual meeting. B. The amount of votes that a stockholder has is determined by the number of shares he owns. C. The stockholder has the right to buy shares of stock before they are offered to somebody else at the issue price. D. The stockholder's liability is limited to the value of his stocks. SIE Exam Lesson 2 Free Quiz Continued: 10. According to the New York Stock Exchange rules, which of the following does NOT require a stockholder vote? A. clearance of a stock split B. declaration of a reverse stock split C. issuance of convertible bonds D. purchase of treasury stock 11. Under the New York Stock Exchange rules, a stock dividend can be made by the decision of the Board of Directors as long as the stock dividend is less than ___. A. 10% B. 15% C. 20% D. 25% 12. Only those stockholders present at the annual meeting can vote. A. True B. False 13. A stockholder can change his vote on his proxy statement if he attends the annual meeting. A. True B. False 14. Which of the following does NOT allow different classes of common stock? A. American Stock Exchange B. NASDAQ C. New York Stock Exchange D. All stock exchanges allow for different classes of common stock. 15. According to the Securities Act of ___, a common stockholder has the right to inspect the record book of stockholders. A. 1933 B. 1934 C. 1943 D. 1944 16. Which of the following are negotiable securities according to the New York Stock Exchange rules? A. certificates of deposit B. mutual funds C. savings bond D. transfer of ownership 17. A stockholder is not allowed to sell his right to buy a stock. A. True B. False 18. In the event of a corporate dissolution or bankruptcy, a common stockholder has the right to the corporate assets. A. True B. False 19. The normal settlement states that you need to own the stock and be an owner of record at least ___ business days before the record date in order to be a stockholder of record. A. one B. two C. three D. four 20.

SIE Exam Lesson 59 SECURE Act and Accredited investors This is SIE Exam Lesson 59 Audio Lessons for the SIE Exam the SECURE Act and Accredited investors you will need to have an understanding of to be able to pass both the SIE exam and the series 7 exam. This SIE Exam Securities Industry Essentials SIE Exam Sample Lesson 47 is another portion (about 1/4 to 1/2 of the full lesson of the full lesson) of the full lesson that we will share with you for the full new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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,

SIE Exam Lesson 47 Margins pt 1 This is SIE Exam Lesson 47 which is the first lesson on Margins you will need to have an understanding of margins to be able to pass both the SIE exam and the series 7 exam. It involves a lot of memorization and can be difficult to absorb. Fortunately after you pass the exams you really don't need to pay much attention to them because you will have a department in your firm which will watch your customers' margins very closely and will notify you when you're customers are in violation of margin rules. This SIE Exam Securities Industry Essentials SIE Exam Sample Lesson 47 is another portion (about 1/4 to 1/2 of the full lesson of the full lesson) of the full lesson that we will share with you for the full new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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,

SIE Exam Lesson 46 Macro and Portfolio Analysis This is SIE Exam Lesson 46 which is going to be covering Macro Analysis and Portfolio analysis in this lesson we continue talking about “Global” or “Macro” approach to investment analysis and add portfolio analysis. We're going to cover analysis in great detail first starting with balance sheets and going on to income statements then to cash flow and then other analysis techniquesThis SIE Exam Securities Industry Essentials SIE Exam Sample Lesson 46 is another portion (about 1/4 to 1/2 of the full lesson of the full lesson) of the full lesson that we will share with you for the full new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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 ...

SIE Exam Lesson 39 Analysis Income Statement pt 3 This is SIE Exam Lesson 45 which is going to be covering Macro Analysis in this lesson we start talking about “Global” or “Macro” approach to investment analysis. We're going to cover analysis in great detail first starting with balance sheets and going on to income statements then to cash flow and then other analysis techniquesThis SIE Exam Securities Industry Essentials SIE Exam Sample Lesson 45 is another portion (about 1/4 to 1/2 of the full lesson of the full lesson) that we will share with you for the full new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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:

SIE Exam Lesson 39 Analysis Income Statement pt 3 This is SIE Exam Lesson 39 which is going to be covering the third lesson on income statements in this lesson we continue our discussion of the fundamental approach to investment analysis. We're going to cover this subject in great detail first starting with balance sheets and going on to income statements and then finally the cash flow statement. This SIE Exam Securities Industry Essentials SIE Exam Sample Lesson 39 is another portion (about 1/4 to 1/2 of the full lesson of the full lesson) that we will share with you for the full new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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:

SIE Exam Lesson 38 Analysis Income Statement pt 2 This is SIE Exam Lesson 38 which is going to be covering the second lesson on income statements in this lesson we continue our discussion of the fundamental approach to investment analysis. We're going to cover this subject in great detail first starting with balance sheets and going on to income statements and then finally the cash flow statement. This SIE Exam Securities Industry Essentials SIE Exam Sample Lesson 38 is another portion (about 1/4 to 1/2 of the full lesson of the full lesson) that we will share with you for the full new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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:

SIE Exam Lesson 37 Analysis Income Statement pt 1 This is SIE Exam Lesson 37 which is going to be covering the first lesson on income statements in this lesson we continue our discussion of the fundamental approach to investment analysis. We're going to cover this subject in great detail first starting with balance sheets and going on to income statements and then finally the cash flow statement. This SIE Exam Securities Industry Essentials SIE Exam Sample Lesson 36 is another portion (about 1/4 to 1/2 of the full lesson of the full lesson) that we will share with you for the full new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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:

SIE Exam Lesson 36 Analysis Balance Sheet 3 This is SIE Exam Lesson 36 which is going to be covering the third lesson in balance sheets in this lesson we begin our discussion of the fundamental approach to investment analysis. We're going to cover this subject in great detail first starting with balance sheets and going on to income statements and then finally the cash flow statement. This SIE exam.Securities Industry Essentials SIE Exam Sample Lesson 36 is another portion (about 1/4 to 1/2 of the full lesson of the full lesson) that we will share with you for the full new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" 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.. 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 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: