FINRA SIE Practice Exams
Last updated on Oct 21,2026- Exam Code: SIE
- Exam Name: Securities Industry Essentials Exam (SIE)
- Certification Provider: FINRA
- Latest update: Oct 21,2026
Under which of the following circumstances, if any, is a member firm permitted to send gifts to registered representatives (RRs) of another member firm?
- A . No single gift exceeds $100; no limit on the number of gifts
- B . No single gift exceeds $100; maximum value of all gifts per RR per year is $200
- C . Value of all gifts to an RR during a period of one year does not exceed $100
- D . Under no circumstance
A confirmation indicates a 100-share purchase of Company ABC at $11.
According to SEC rules, which of the following information is required to be stated on the confirmation?
- A . The firm’s cost basis in the security
- B . The firm’s inventory level at the time of trade execution
- C . That the firm did not act as a market maker in the security
- D . The capacity in which the firm acted when executing the trade
A customer purchases 100 shares of stock. The customer fears a decline in the share price and would like to protect his investment and minimize loss.
Which of the following strategies should the customer employ to lock in his profit?
- A . Sell a put
- B . Sell a call
- C . Purchase a put
- D . Purchase a call
Which of the following securities has the greatest investment risk?
- A . Blue chip stocks
- B . Corporate bonds
- C . Technology stocks
- D . Government bonds
When is a newly registered person subject to the Continuing Education Regulatory Element requirement?
- A . The calendar year following initial registration
- B . On the anniversary date of initial registration
- C . Every three years after the date of registration
- D . Every five years
A real estate investment trust (REIT) is required to invest what percentage of total assets in real-estate-related assets to maintain favorable tax treatment?
- A . At least 50% of total assets
- B . At least 75% of total assets
- C . At least 90% of total assets
- D . 100% of assets