SIE Module 12 Test Bank


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1. In addition to federal securities laws, each state has its own securities laws intended to protect the public from fraud. These state securities laws are often referred to as:

2. Which one of the following statements is correct regarding non-registered persons?

3. A non-registered person can contact a potential customer to:

4. A registered principal or registered representative must retake a qualifying exam if his or her registration has been revoked or terminated for:

5. Which one of the following actions can only be performed by a person registered with FINRA?

6. Which one of the following is required to be a member of FINRA?

7. Tommy is associated with a FINRA member. His only job responsibility is facilitating transactions involving publicly traded securities on the New York Stock Exchange. Is Tommy required to register with FINRA?

8. Annual continuing education training provided by member firms is known as:

9. Which one of the following statements is correct regarding FINRA background checks?

10. All of the following represent requirements for a partner, director, officer or employee to be EXEMPT from fingerprinting requirements, EXCEPT: