P.S. KaoGuTi在Google Drive上分享了免費的2026 FINRA SIE考試題庫：https://drive.google.com/open?id=1fIKk_66F8HDzo6wsyURVMR0PpE3GLmml
我們的FINRA SIE題庫是由專業的IT團隊以最好的技術水準制作而得到的學習資料，其中整合最新的SIE考試問題得到而來，以確保您購買我們的題庫資料是真實有效的，即使是新手也可以快速輕松獲得FINRA SIE認證。對于如此有效的考古題，趕快加入購物車吧！付款之后您就可以立即下載所購買的SIE題庫，這將會讓您在您的考試中獲得高分，并順利的通過SIE考試。
| Certification Vendor: | FINRA |
|---|---|
| Exam Name: | Securities Industry Essentials Exam |
| Exam Number: | SIE |
| Exam Format: | Multiple Choice |
| Certificate Validity Period: | 4 years |
| Exam Price: | USD $100 |
| Passing Score: | 70 |
| Exam Duration: | 105 minutes |
| Related Certifications: | Series 7 Series 6 Series 57 Series 79 Series 99 |
| Real Exam Qty: | 75 |
| Available Languages: | English |
| Sample Questions: | FINRA SIE Sample Questions |
| Exam Way: | Proctored in-person exam administered at Prometric testing centers |
| Pre Condition: | Must be at least 18 years old. No firm association required to take the SIE. To become registered, must also pass a representative-level qualification exam while associated with a FINRA member firm. |
| Official Syllabus URL: | https://www.finra.org/registration-exams-ce/qualification-exams/securities-industry-essentials-exam |
我相信不論在哪個行業工作的人都希望自己有很好的職業前景。當然在競爭激烈的IT行業裏面也不例外。在IT行業中工作的專業人士也希望自己有個很好的提升機會和很大的提升空間。很多專業的IT人士都知道FINRA SIE 認證考試可以幫你滿足這些願望的。而KaoGuTi是一個能幫助你成功通過FINRA SIE 的網站。
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問題 #102
Which of the following types of stock refers to the maximum number of shares a corporation is legally permitted to issue, as specified in its articles of incorporation?
答案：A
解題說明：
Authorized stock is the maximum number of shares a corporation is legally permitted to issue under its corporate charter (articles of incorporation). That is why choice D is correct. The authorized share count is established when the company is formed and can typically be changed later only through proper corporate procedures (often requiring board approval and shareholder approval, depending on jurisdiction and governing documents). The purpose is to define the company's legal capacity to issue shares for capital raising, compensation plans, acquisitions, and other corporate needs.
Choice A, issued stock, refers to shares that have actually been sold/issued by the corporation to shareholders.
Issued shares are always less than or equal to authorized shares. Choice B, treasury stock, refers to shares that were previously issued and outstanding but have been repurchased by the corporation and are held in the company's treasury; treasury shares are not outstanding and typically have no voting rights or dividend rights while held by the issuer. Choice C, restricted stock, refers to shares subject to resale restrictions (often associated with Rule 144 or insider/control stock concepts), not the legal maximum number of shares.
This question is a straightforward corporate equity definition commonly tested on the SIE because it links to shareholder rights, corporate actions, and capitalization structure. Candidates should clearly distinguish:
Authorized = legal limit the company may issue
Issued = shares the company has sold/issued
Outstanding = issued minus treasury (shares held by public)
Treasury = repurchased shares held by the issuer
Understanding these terms helps when analyzing corporate filings, dilution, and equity financing decisions.
問題 #103
Which of the following statements is true regarding a member firm's business continuity plan?
答案：A
解題說明：
A member firm must disclose to customers at account opening how its business continuity plan addresses the possibility of a significant business disruption. The disclosure is designed to inform customers how the firm plans to respond if critical operations are interrupted. It generally addresses matters such as data backup, alternate communications, mission-critical systems, financial and operational assessments, and customer access to funds and securities. Choice D is correct because it accurately states both the timing and purpose of the required disclosure. Choice A is incorrect because the firm is not required to provide the full BCP to FINRA annually in the manner stated. Choice B is incorrect because the rule does not require annual delivery of the full BCP to every customer. Choice C is incorrect because if a firm has a website, disclosure rules may apply to posting, but every firm is not required to maintain a website solely for this purpose. The SIE outline includes business continuity plans as a books and records and customer protection topic and lists FINRA Rule
4370. Reference: Section 3.2.4 Books and Records and Privacy Requirements; FINRA Rule 4370.
問題 #104
An investor holds 1,000 shares of a stock with a total cost basis of $5,000 in his account when a 1-for-5 reverse stock split is announced. What will be the investor's total cost basis after the payable date of the reverse split?
答案：C
解題說明：
Step by Step Explanation:
* Cost Basis in Reverse Split: The total cost basis remains unchanged in a reverse stock split. Only the number of shares and price per share adjust.
* Pre-Split: 1,000 shares at $5 each = $5,000.
* Post-Split: 200 shares at $25 each = $5,000.
* Incorrect Options:
* A, B, and D: Do not reflect the unchanged total cost basis.
References:
* IRS Guidance on Stock Splits: IRS Stock Split Info.
問題 #105
An individual investor has $300,000 in cash and $400,000 in securities held with a financially troubled SIPC member firm for which liquidation has begun. The individual investor's cash is protected for what amount?
答案：C
解題說明：
Step by Step Explanation:
* SIPC Coverage Limits: Protects up to $500,000 per customer, including a maximum of $250,000 for cash.
* In this case, $300,000 in cash exceeds the SIPC limit, so only $250,000 is protected.
* Incorrect Options:
* A: $150,000 understates the SIPC limit for cash.
* C: The full $300,000 in cash is not protected.
* D: Total coverage exceeds SIPC limits.
SIPC Coverage Details: SIPC Protection.
問題 #106
An investor owns 200 shares of ABC common stock and sells four ABC calls. How many of those calls, if any, are covered by the ABC common stock position?
答案：A
解題說明：
A call option is considered covered when the seller (writer) owns the underlying security in sufficient quantity to meet the delivery obligation if the option is exercised. In listed equity options, one options contract typically represents 100 shares of the underlying stock. Here, the investor owns 200 shares of ABC stock.
That means the investor can cover two call contracts (2 × 100 shares = 200 shares). Since the investor sold four calls, only two of them are covered; the remaining two calls are uncovered (naked). Therefore, the correct answer is C.
This question tests a fundamental options concept that is heavily emphasized on the SIE: understanding contract size, delivery obligations, and the risk difference between covered and uncovered strategies. If the covered calls are assigned, the investor can deliver the shares they already own, limiting the risk profile on those contracts. For the uncovered calls, if assigned, the investor would need to purchase shares in the market to deliver (or otherwise acquire them), which exposes the investor to potentially unlimited loss if the stock rises substantially above the strike price.
The mechanics are straightforward:
* Shares owned: 200
* Shares required per call contract: 100
* Covered contracts = 200 ÷ 100 = 2
This is also a subtle suitability/risk topic: selling uncovered calls is generally far riskier than selling covered calls, and firms often require higher options approval levels for uncovered writing. Understanding what makes an option "covered" is essential for evaluating both strategy intent and risk exposure.
問題 #107
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SIE考古題分享: https://www.kaoguti.com/SIE_exam-pdf.html
從Google Drive中免費下載最新的KaoGuTi SIE PDF版考試題庫：https://drive.google.com/open?id=1fIKk_66F8HDzo6wsyURVMR0PpE3GLmml