Free FINRA SIE Exam Questions

Become FINRA Certified with updated SIE exam questions and correct answers

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Total 166 Questions | Updated On: Feb 20, 2025

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Question 1

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 2

Company ABC stock currently trades on an exchange. An ABC insider wants to sell a large number of shares of her privately held ABC stock. ABC files the necessary paperwork to register the shares, but the insider decides to wait and sell the stock at a later date. Which of the following terms best describes the type of offering that is occurring in this situation?

A : A rights offering

B : A private offering

C : An exempt offering

D : A secondary offering

Answer: D

Question 3

Shares in a private investment in public equity (PIPE) offering are priced:

A : At the current market value per share.

B : Below the current market value per share.

C : Above the current market value per share.

D : At the public offering price (POP) as determined by the underwriters.

Answer: B

Question 4

Shares in a private investment in public equity (PIPE) offering are priced:

A : At the current market value per share.

B : Below the current market value per share.

C : Above the current market value per share.

D : At the public offering price (POP) as determined by the underwriters.

Answer: B

Question 5

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

A : Freeriding

B : Backing away

C : Interpositioning

D : Market manipulation

Answer: B

Page: 1 / 34

Total 166 Questions | Updated On: Feb 20, 2025

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