son23 Securities Act of 1933 Quiz
This is a SIE Podcast Interview Logan Keller
This is and interview with a new entrant to the financial services industry, Logan Keller.Logan talks about his background and his interesting path to become a RIA agent.
Total Course 37 hours 10 Min
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
The full course details:
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
New Series 7 Exam and SIE Exam details.
All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..
https://www.finra.org/industry/essentials-exam
“Securities Industry Essentials (SIE) Exam
Available Beginning October 1, 2018
The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices.
Key Features of the Essentials Exam
________________________________________
• The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers.
• Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.
• Essentials exam results are valid for four years.
The Essentials Exam at a Glance
________________________________________
Number of Items 75
Format Multiple Choice
Duration 105 minutes
Passing Score 70%
Cost $60”
New Series 7 Exam
The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.
Major Job Functions Percentage of Test Questions Number of Test Questions
(F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9
(F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11
(F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91
(F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14
TOTAL 100% 125”
The five job functions of the new Series 7 General Securities Representative Exam will be:
“Seeks business for the broker-dealer through customers and potential customers”
“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”
“Opens accounts, transfers assets and maintains appropriate account records”
“Provides customers with information on investments and makes suitable recommendations”
“Obtains and verifies customer’s purchase and sales instructions,
2023 SIE Exam Lesson 25 Sarbanes-Oxley Act Quiz
mardi 20 juin 2023 • Durée 10:24
SIE Exam Lesson 25 Sarbanes-Oxley Act Quiz
SIE Exam Lesson 25 Sarbanes-Oxley Act Quiz
This is a SIE Exam Lesson 25 Sarbanes-Oxley Act Quiz which is the Sarbanes Oxley Act, See how you do if you need help listen to the lesson over.
Questions covered include
1. The Uniform Securities Agent State Law Examination is also known as the ___.
A. Series 63 Exam
B. Series 64 Exam
C. Series 65 Exam
D. Series 66 Exam
2. Blue sky laws are federal regulations.
A. True
B. False
3. An offering that is exempted from federal regulation is always exempted from state regulation.
A. True
B. False
4. A person has registered his securities in the Securities and Exchange Commission but he wants those securities be recognized in a certain state. What kind of registration does he need to file?
A. registration by coordination
B. registration by filing
C. registration by notification
D. registration by qualification
5. Taking orders from customers in a certain state requires broker-dealers to be registered in that state.
A. True
B. False
6. This rule separated the conflicts of interest that were inherent between the underwriter and the research analyst.
A. Prudent Man Rule
B. Sarbanes-Oxley Act
C. Securities Investor Protection Act
D. Trust Indenture Act
7. Which of the following would a prudent man likely to do?
A. buy government securities for his client
B. buy naked options for his client
C. buy penny stocks for his client
D. short stocks in the client’s account
8. Which of the following will most likely be found in the legal list of securities that fall within the prudent man rule?
(Select all that apply.)
A. government securities
B. highly rated corporate bonds
C. highly rated municipal bonds
D. 144 stocks
9. The Trust Indenture Act of 1939 requires a trust indenture for a corporate bond offering of at least ___.
A. $3 million
B. $4 million
C. $5 million
D. $6 million
10. Which of the following is true about the Investment Advisor Act of 1940?
(Select all that apply.)
A. It covers firms that offer wrap accounts and charge fees.
B. It covers the people who charge a fee for investment advice.
C. It only applies if the investment advisor gives advice to 15 or more people.
D. It requires that investment advisors pass the Series 7 Examination.
11. The Securities Investor Protection Corporation protects the customer’s assets up to ___.
A. $500,000
B. $600,000
C. $800,000
D. $1,000,000
12. A client has an IRA account and a regular account. Under the Securities Investor Protection Act of 1970, the client has only one account.
A. True
B. False
13. The Federal Telephone Consumer Protection Act prohibits unsolicited calls before 8:00 A.M. or after 9:00 P.M. of the local time of the caller.
A. True
B. False
14. Which of the following is true about the Do Not Call list? (Select all that apply.)
A. A firm can only call the persons listed on the Do Not Call list during weekdays on office hours but not on weekends and non-office hours.
B. A person listed on the Do Not Call list can bring civil law enforcement actions against the firm that calls him.
C. It applies to unsolicited faxes.
D. The caller must identify himself by name, firm, and where he’s coming from when calling a person on the Do Not Call list so that his call may be entertained.
15. Which of the following does the Sarbanes-Oxley Act require?
A. It requires accounting firm to combine their management consultation business with their auditing business.
B. It requires accounting firm to have both management consultation business and auditing business.
C. It requires accounting firm to have either management consultation business or auditing business but not both.
D. It requires accounting firms to separate their management consultation business from their auditing business.
16. According to the Sarbanes-Oxley Act, an accounting firm acting as auditors for the firm has to report to the ___.
A.
2023 SIE Exam Lesson 7 Fixed Income pt. 3
samedi 25 mars 2023 • Durée 26:20
Securities Industry Essentials SIE Exam Sample Lesson Fixed Income pt. 3
Fixed Income pt. 3 lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition"
Total Course 37 hours 10 Min
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
The full course details:
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
New Series 7 Exam and SIE Exam details.
All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..
https://www.finra.org/industry/essentials-exam
“Securities Industry Essentials (SIE) Exam
Available Beginning October 1, 2018
The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices.
Key Features of the Essentials Exam
________________________________________
• The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers.
• Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.
• Essentials exam results are valid for four years.
The Essentials Exam at a Glance
________________________________________
Number of Items 75
Format Multiple Choice
Duration 105 minutes
Passing Score 70%
Cost $60”
New Series 7 Exam
The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.
Major Job Functions Percentage of Test Questions Number of Test Questions
(F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9
(F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11
(F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91
(F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14
TOTAL 100% 125”
The five job functions of the new Series 7 General Securities Representative Exam will be:
“Seeks business for the broker-dealer through customers and potential customers”
“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”
“Opens accounts, transfers assets and maintains appropriate account records”
“Provides customers with information on investments and makes suitable recommendations”
2023 SIE Exam Lesson 6 Fixed Income pt. 2
mercredi 15 mars 2023 • Durée 20:41
Securities Industry Essentials SIE Exam Sample Lesson Fixed Income pt. 2
This is Fixed Income pt. 2 lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition"
Total Course 37 hours 10 Min
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
The full course details:
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
New Series 7 Exam and SIE Exam details.
All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..
https://www.finra.org/industry/essentials-exam
“Securities Industry Essentials (SIE) Exam
Available Beginning October 1, 2018
The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices.
Key Features of the Essentials Exam
________________________________________
• The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers.
• Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.
• Essentials exam results are valid for four years.
The Essentials Exam at a Glance
________________________________________
Number of Items 75
Format Multiple Choice
Duration 105 minutes
Passing Score 70%
Cost $60”
New Series 7 Exam
The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.
Major Job Functions Percentage of Test Questions Number of Test Questions
(F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9
(F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11
(F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91
(F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14
TOTAL 100% 125”
The five job functions of the new Series 7 General Securities Representative Exam will be:
“Seeks business for the broker-dealer through customers and potential customers”
“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”
“Opens accounts, transfers assets and maintains appropriate account records”
“Provides customers with information on investments and makes suitable recommendations”
2023 SIE Exam Lesson 5 Fixed Income pt. 1
dimanche 5 mars 2023 • Durée 21:20
Securities Industry Essentials SIE Exam Sample Lesson Fixed Income pt. 1
This is Fixed Income pt. 1 lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition" This is the SIE Exam Lesson on Fixed Income pt. 1
Total Course 37 hours 10 Min
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
The full course details:
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
New Series 7 Exam and SIE Exam details.
All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..
https://www.finra.org/industry/essentials-exam
“Securities Industry Essentials (SIE) Exam
Available Beginning October 1, 2018
The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices.
Key Features of the Essentials Exam
________________________________________
• The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers.
• Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.
• Essentials exam results are valid for four years.
The Essentials Exam at a Glance
________________________________________
Number of Items 75
Format Multiple Choice
Duration 105 minutes
Passing Score 70%
Cost $60”
New Series 7 Exam
The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.
Major Job Functions Percentage of Test Questions Number of Test Questions
(F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9
(F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11
(F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91
(F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14
TOTAL 100% 125”
The five job functions of the new Series 7 General Securities Representative Exam will be:
“Seeks business for the broker-dealer through customers and potential customers”
“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”
“Opens accounts, transfers assets and maintains appropriate account records”
“Provides customers with information on investments and makes suitable r...
2023 SIE Exam Lesson 3 Preferred Stock
samedi 25 février 2023 • Durée 22:14
Securities Industry Essentials SIE Exam Sample Lesson 2 Preferred Stock
This portion of the Preferred Stock lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition"
This is the SIE Exam Lesson on Common Stock
Total Course 37 hours 10 Min
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
The full course details:
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
New Series 7 Exam and SIE Exam details.
All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..
https://www.finra.org/industry/essentials-exam
“Securities Industry Essentials (SIE) Exam
Available Beginning October 1, 2018
The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices.
Key Features of the Essentials Exam
________________________________________
• The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers.
• Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.
• Essentials exam results are valid for four years.
The Essentials Exam at a Glance
________________________________________
Number of Items 75
Format Multiple Choice
Duration 105 minutes
Passing Score 70%
Cost $60”
New Series 7 Exam
The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.
Major Job Functions Percentage of Test Questions Number of Test Questions
(F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9
(F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11
(F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91
(F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14
TOTAL 100% 125”
The five job functions of the new Series 7 General Securities Representative Exam will be:
“Seeks business for the broker-dealer through customers and potential customers”
“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”
“Opens accounts, transfers assets and maintains appropriate account records”
“Provides customers with information on investments and makes suita...
2023 SIE Exam Lesson 2 Common Stock
mercredi 15 février 2023 • Durée 25:02
Securities Industry Essentials SIE Exam Sample Lesson 2 Common Stock
This portion of the Common Stock lesson is a portion of the sample lessons we will be sharing with you for the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition"
This is the SIE Exam Lesson on Common Stock
Total Course 37 hours 10 Min
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
The full course details:
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
New Series 7 Exam and SIE Exam details.
All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..
https://www.finra.org/industry/essentials-exam
“Securities Industry Essentials (SIE) Exam
Available Beginning October 1, 2018
The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices.
Key Features of the Essentials Exam
________________________________________
• The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers.
• Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.
• Essentials exam results are valid for four years.
The Essentials Exam at a Glance
________________________________________
Number of Items 75
Format Multiple Choice
Duration 105 minutes
Passing Score 70%
Cost $60”
New Series 7 Exam
The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.
Major Job Functions Percentage of Test Questions Number of Test Questions
(F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9
(F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11
(F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91
(F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14
TOTAL 100% 125”
The five job functions of the new Series 7 General Securities Representative Exam will be:
“Seeks business for the broker-dealer through customers and potential customers”
“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”
“Opens accounts, transfers assets and maintains appropriate account records”
“Provides customers with information on investments and makes suitable re...
2023 SIE Exam Lesson 13 Options pt 3 Quiz
dimanche 5 février 2023 • Durée 11:44
SIE Exam Lesson 13 Options pt 3
SIE Exam Lesson 13 Options pt 3
This is a SIE Exam Lesson 13 Options pt 3 options pt.1which is covering options pt. 1 basic option terminology of call and put options See how you do if you need help listen to the lesson over.
Questions covered include
Below are questions based on the previous lesson. Choose the letter of the correct answer.
To take the quiz online, click here.
Quiz Options Part 3
1. It refers to the number of options that are currently trading in the market.
A. breakeven point
B. open interest
C. utility
D. volatility
2. The following increases open interest EXCEPT:
A. buying to close
B. buying to open
C. selling to open
D. All of the above increase open interest.
3. If you bought an option and you want to sell it, the market price of the option would be ___.
A. the option’s time value at expiration date
B. the option’s intrinsic value at expiration date
C. the option’s intrinsic value when you bought the option
D. the option’s premium
4. Which of the following factors least affect the premium of an option?
A. dividend
B. interest rate
C. option time period
D. volatility
5. If you want to short a stock and interest rates are high, you have to pay higher margin interest rates.
A. True
B. False
6. Utility stocks used to be referred to as ___.
A. county stocks
B. growth stocks
C. value stocks
D. widow-and-orphan stocks
7. Why do utility stocks often have low premium options?
A. Utility stocks often have high income.
B. Utility stocks often have high volatility.
C. Utility stocks often have low income.
D. Utility stocks often have low volatility.
8. It is the measure of a stock’s volatility in relation to the market.
A. beta
B. theta
C. vega
D. veta
9. Which of the following is NOT true about beta?
A. A beta lower than one means that the stock moves more than the market does in general.
B. A beta of one correlates equally with the market.
C. High beta stocks will have higher option premiums.
D. High dividend stocks have a lower beta.
10. If you short a stock and the stock pays a dividend, you are required to pay the dividend when that dividend comes do.
A. True
B. False
SIE Exam Lesson 13 Options pt 3 cont:
11. Compared to call premiums, put premiums are lower on a high dividend stock.
A. True
B. False
12. Which of the following would yield a low option premium?
A. An option with a high dividend on the stock.
B. An option with a high volatility.
C. An option with a long time period before expiration.
D. all of the above
13. If you think the stock would go up, which is the best option strategy to take?
A. Buy a long call option.
B. Buy a long put option.
C. Write a covered call.
D. Write a naked call.
14. Why is it wise to write a covered call when the stock would go down?
A. so that the call option would not be exercised and you can keep the premium
B. so that you can buy the stock at a lower strike price
C. so that you can profit by selling the stock at a higher price
D. all of the above
15. If you long a call, that gives you the right to buy the stock at a specific strike price.
A. True
B. False
16. If you short a put, you are obligated to deliver the stock if it is called away from you.
A. True
B. False
17. A stock is selling at $50. A call option on that stock has a strike price of $70. The premium is $5. What is the breakeven for this option?
A. $45
B. $55
C. $65
D. $75
18. You wrote a covered call for a stock. The stock price is $30. The stock’s premium is $10 and the strike price is $25. If the stock goes down to $20, which is unlikely to happen?
A. The option holder would exercise his option.
B. The option would expire worthless.
C. You would breakeven at the time the stock goes down to $20.
D. You would earn profit by collecting the premium.
19. You wrote a covered call with a premium of $20 for a stock trading at $100.
2023 SIE Exam Lesson 12 Options pt 2 Quiz
mercredi 25 janvier 2023 • Durée 09:54
SIE Exam Lesson 12 Options pt 2
SIE Exam Lesson 12 Options pt 2
This is a SIE Exam Lesson 12 Options pt 2 options pt.1which is covering options pt. 1 basic option terminology of call and put options See how you do if you need help listen to the lesson over.
Questions covered include
Below are questions based on the previous lesson. Choose the letter of the correct answer.
To take the quiz online, click here.
Quiz Options Part 2
Below are questions based on the previous lesson. Choose the letter of the correct answer.
To take the quiz online, click here.
1. It is the cost of an option.
A. bid price
B. ask price
C. premium
D. strike price
2. The premium contains the option’s ___.
A. intrinsic value
B. time value
C. both intrinsic value and time value
D. neither intrinsic value nor time value
3. This refers to the number of options that are open for trading in the market.
A. bid
B. volatility
C. open interest
D. volume
4. This refers to the number of options that were sold or traded for the given day.
A. bid
B. volatility
C. open interest
D. volume
5. It refers to the amount of uncertainty or risk about the size of changes in a security's value.
A. open interest
B. premium
C. volatility
D. volume
6. Parity is when the strike price and the stock are selling at exactly the same price.
A. True
B. False
7. An option is created by writing covered calls.
A. True
B. False
8. Writing a covered call ___.
A. decreases open interest
B. decreases volume
C. increases open interest
D. increases volume
9. If a person wrote an option (such as a covered call) and is now buying back the option, he is opening a position.
A. True
B. False
10. Person A writes a covered call option and Person B buys that option. Which of the following is true?
A. Person A sells to close and Person B buys to close.
B. Person A sells to close and Person B buys to open.
C. Person A sells to open and Person B buys to close.
D. Person A sells to open and Person B buys to open.
SIE Exam Lesson 12 Options pt 2 Cont:
11. This is used in determining the theoretical value of an option.
A. Black-Scholes model
B. Fed model
C. Sharpe ratio
D. Sortino ratio
12. It serves as an insurance to your investment portfolio.
A. covered call
B. married put
C. naked call
D. put on a put
13. An option without intrinsic value always has no time value.
A. True
B. False
14. A naked put is written by a person who owns the stock.
A. True
B. False
15. A call option is offered on a stock. If the current price of the stock is $20 and the strike price is $15, what is the intrinsic value of the option?
A. $2.5
B. $5
C. $10
D. There is no intrinsic value in this option.
16. A call option is offered on a stock. If the current price of the stock is $12 and the strike price is $10, what is the premium of the option?
A. $1
B. $2
C. $11
D. The premium of the option cannot be computed from the given facts.
17. A call option is offered on a stock. The current price of the stock is $20 and the strike price is $15. The call option’s premium is $8. What is the time value of the option?
A. $2
B. $3
C. $4
D. There is no time value for this option.
18. An option is selling at $6 per share and the option is for 10 shares. If you bought the option for a bid price of $5.50 per share, how much will you pay for the option for 10 shares?
A. $5.50
B. $6
C. $55
D. $60
19. If the stock is currently selling at $30 a share and you write a covered call for $40 a share, there is ___.
A. $10 in the money option
B. $10 out of the money option
C. $30 in the money option
D. $40 out of the money option
20. You bought a married put with a strike price of $15. If the current price of the stock is $20, what is the intrinsic value of the option?
A. $2.5
B. $5
C. $10
D. There is no intrinsic value in this option.
We hope you did well on this SIE Exam Lesson 12 Options pt 2
2023 SIE Exam Lesson 11 Options 1
dimanche 15 janvier 2023 • Durée 26:05
SIE Exam Lesson 11 Options 1 2020
This is about one half of the full length of this audio lesson for SIE Exam Lesson 11 Options 1
This Lesson of the Securities Industry Essentials SIE Exam audio course is a Sample Lesson of the new 37 hour and 10 min audio course "Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam 2nd Edition"
Total Course 37 hours 10 Min
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
The full course details:
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
New Series 7 Exam and SIE Exam details.
All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..
https://www.finra.org/industry/essentials-exam
“Securities Industry Essentials (SIE) Exam
Available Beginning October 1, 2018
The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices.
Key Features of the Essentials Exam
________________________________________
• The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers.
• Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.
• Essentials exam results are valid for four years.
The Essentials Exam at a Glance
________________________________________
Number of Items 75
Format Multiple Choice
Duration 105 minutes
Passing Score 70%
Cost $60”
New Series 7 Exam
The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.
Major Job Functions Percentage of Test Questions Number of Test Questions
(F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9
(F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11
(F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91
(F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14
TOTAL 100% 125”
The five job functions of the new Series 7 General Securities Representative Exam will be:
“Seeks business for the broker-dealer through customers and potential customers”
“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”
“Opens accounts, transfers assets and maintains appropriate account records”
“Provides customers with information on investments and makes suitabl...
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