Free Practice FINRA SIE Exam Questions 2025

Stay ahead with 100% Free Securities Industry Essentials (SIE) SIE Dumps Practice Questions

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Total 166 Questions | Updated On: Apr 10, 2025

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Question 1

Which of the following statements is true regarding 529 savings plans?

A : 529 contributions are tax deductible in all states

B : There are income limitations for contributing to a 529 savings plan.

C : The account beneficiary has control over the assets in a 529 savings plan.

D : Assets are transferable to another 529 savings plan tax-free if the new beneficiary is a family member of the current beneficiary.

Answer: D

Question 2

The civil penalty for an individual who is convicted of an insider trading violation is permitted to be an amount up to how many times the profit gained or loss avoided?

A : 1 time

B : 3 times

C : 6 times

D : 10 times

Answer: B

Question 3

A registered representative (RR) at a member firm is the subject of a statutory disqualification. Which of the following statements is true?

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

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

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

Answer: B

Question 4

Which of the following terms describes failure to honor a firm quote?

A : Freeriding

B : Backing away

C : Interpositioning

D : Market manipulation

Answer: B

Question 5

A customer purchased $80,000 of Fund XYZ two years ago. He now wants to buy $50,000 of Fund LMN offered within the same fund family, which offers a $100,000 breakpoint under right of accumulation. Which of the following statements is true?

A : The additional investment qualifies for a $100,000 breakpoint.

B : Each fund requires contributions of $100,000 to qualify for a breakpoint.

C : The customer must sign a new letter of intent to receive the $100,000 breakpoint on the additional purchase.

D : The customer will receive a sales charge discount on his next purchase after the account balance of the fund reaches $100,000.

Answer: A

Page: 1 / 34

Total 166 Questions | Updated On: Apr 10, 2025

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