Free FINRA SIE Exam Dumps Questions & Answers

Which of the following investment vehicles is typically the least liquid?

• A.Exchange-traded funds (ETFs)
• B.Open-end mutual funds
• C.Listed options
• D.Hedge funds

A registered representative books a large number of customer trades that are later canceled and then rebooked into accounts of different customers. Which of the following activities does this behavior most likely indicate?

• A.Money laundering
• B.Front running
• C.Unauthorized trading
• D.Insider trading

Which of the following conditions typically has a negative effect on the value of an equity real estate investment trust (REIT)?

• A.Low mortgage rates
• B.An increase in property values
• C.An increase in occupancy rates
• D.Overbuilding

A market maker quotes the market on an NMS equity security as 39.05 - 39.15 [5x10]. Which of the following orders is the market maker required to fill?

• A.A buy order for 2,000 shares at $39.15
• B.A sell stop order for 500 shares at $39.00
• C.A sell order for 300 shares at $39.05
• D.A buy order for 1,000 shares at $39.10

When the index level and strike price of a listed index option are the same, the option is:

• A.out of the money.
• B.in the money.
• C.at the money.
• D.trading at intrinsic value only.