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SIE Securities Industry Essentials (SIE)

  • AAPC
  • 4 free sample questions

About this exam

SIE is the AAPC exam Securities Industry Essentials (SIE). Paid practice material for this exam is not available yet, but you can try its free sample questions.

Exam code
SIE
Vendor
AAPC
Practice questions
Not available yet
Free sample questions
4
Question bank last updated
Not available yet

Try 2 sample questions

Taken from the free sample set for SIE.

Question 1

According to FINRA rules, under which of the following circumstances, if any, is a member firm permitted to send gifts to a registered representative of another member firm? 

  1. Option A:
     Under no circumstances
  2. Option B:
    When the value of all gifts during a period of one year does not exceed $100
  3. Option C:
    When no single gift exceeds $100 and there is no limit on the number of gifts
  4. Option D:
    When no single gift exceeds $100 in value and the maximum value of all gifts per year equals $250
Show answer and explanation

Correct answer: B

Step by Step Explanation: FINRA Rule 3220: This rule limits gifts to $100 per person annually to prevent conflicts of interest. Aggregate Limit: There is no provision for exceeding the $100 annual limit, regardless of the number of gifts. Purpose: The rule ensures that gifts do not influence decisions or create unethical relationships. Reference: FINRA Rule 3220 (Influencing or Rewarding Employees of Others): FINRA Rule 3220.

Question 2

A broker-dealer (BD) creates a marketing postcard that includes a statement regarding FINRA's endorsement of the BD. Which of the following responses is true?

  1. Option A:
    The statement regarding FINRA's endorsement is not permissible.
  2. Option B:
     The statement is permissible if a principal of the BD approves it in writing prior to use.
  3. Option C:
    The statement is permissible if the statement is approved in writing by FINRA prior to use.
  4. Option D:
    The statement is permissible if the postcard does not discuss specific investment opportunities.
Show answer and explanation

Correct answer: A

Step by Step Explanation: Answer: A FINRA Rule 2210: Firms are prohibited from suggesting or implying FINRA's endorsement or approval in any advertising materials. Approvals: Even if a principal or FINRA approves the content, such a statement remains impermissible. Key Point: FINRA's role is to regulate, not to endorse firms or their marketing. Reference: FINRA Rule 2210 (Communications with the Public): FINRA Rule 2210. 
See all 4 free sample questions