SIE Exam: Overview of the Regulatory Framework Practice Test 2

A. FINRA By-Laws Article I – Definitions

B. FINRA By-Laws Article III – Qualifications of Members and Associated Persons

C. FINRA By-Laws Article IV – Membership

D. FINRA By-Laws Article V – Registered Representatives and Associated Persons

A. FINRA By-Laws Article I – Definitions

B. FINRA By-Laws Article III – Qualifications of Members and Associated Persons

C. FINRA By-Laws Article IV – Membership

D. FINRA By-Laws Article V – Registered Representatives and Associated Persons

A. The investor brochure will be provided to an investor who submits a written complaint regarding a municipal securities transaction.

B. The investor brochure will be provided once each calendar year to every municipal securities customer.

C. Every broker, dealer, and municipal securities dealer shall annually provide a statement that the firm is registered with the Department of the Treasury.

D. Every municipal adviser shall annually provide a statement that that the firm is registered with the Federal Reserve.

A. A non-registered person may meet with a member of the public to discuss risk tolerance and financial goals as they relate to investing in securities.

B. A non-registered person may ask whether a member of the public is interested in reviewing possible investments with a registered person of the firm.

C. A non-registered person may review the current investment portfolio of a member of the public.

D. A non-registered person may have passed a FINRA registration exam.

A. A member firm may not use information from its customers to send marketing information to them.

B. A member firm may not use information about its associated person to send them business-related correspondence.

C. A member firm may not correct errors in customer account profile records without written permission from its customers.

D. A member firm serving in recordkeeping during a securities distribution may not use that information to encourage transactions with the owners unless the issue instructs the firm to do so.

A. A person signing a U4 filing must be informed that arbitration will be used for disputes.

B. A person signing a U4 filing must be informed that arbitration will not be used for disputes.

C. A person signing a U4 filing must be informed that arbitration may be used for disputes.

D. A person signing a U4 filing must be informed that arbitration will not be used for disputes involving felonies.

A. Changing that customer's security records from paper to digital

B. Publishing that customer's security holdings

C. Lending that customer's securities

D. Sharing information about that customer's securities with governmental agencies

SIE Exam: Overview of the Regulatory Framework Practice Test 2

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