2026 PassTIP 최신 SIE PDF 버전 시험 문제집과 SIE 시험 문제 및 답변 무료 공유: https://drive.google.com/open?id=1_KnCrsKra3-lQONybsZeekUGl_8em9vQ
PassTIP 에서 제공해드리는 FINRA SIE덤프는 아주 우수한 IT인증덤프자료 사이트입니다. IT업계엘리트한 강사들이 퍼펙트한 FINRA SIE 덤프문제집을 제작하여 디테일한 시험문제와 답으로 여러분이 아주 간단히FINRA SIE시험을 패스할 수 있도록 최선을 다하고 있습니다.
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고객님의 시간을 조금이라도 절약해드리고 공을 적게 들여도 자격증 취득이 쉬워지도록 PassTIP의 IT전문가들은 최신 실러버스에 따라 몇년간의 노하우와 경험을 충분히 활용하여FINRA SIE시험대비자료를 연구제작하였습니다. FINRA SIE 덤프를 공부하여 시험에서 떨어지는 경우 덤프비용환불 혹은 다른 과목으로 교환하는중 한가지 서비스를 제공해드립니다.
질문 # 77
Which of the following characteristics describes the withdrawal provisions of a Coverdell Education Savings Account (ESA)?
정답：A
설명：
A Coverdell Education Savings Account (ESA) is an education savings vehicle with tax-advantaged treatment when used for qualified education expenses, and importantly, it can be used for a broad range of education levels (not just college), including many K-12 expenses as well as higher education. Additionally, Coverdell ESAs are associated with an age-based rule: funds generally must be distributed for the beneficiary's education by a certain age (commonly tested as age 30 for the beneficiary) to avoid adverse tax consequences, unless an exception applies (such as certain special needs beneficiaries). Therefore, the statement that best matches the typical SIE-tested description is D: funds may be used for any level of education and must be used before a specific age to avoid a tax penalty.
Choices A and B are incorrect because they limit usage to higher education only, which is not characteristic of Coverdell ESAs as tested-Coverdell is commonly contrasted with some other education savings tools by its ability to cover K-12 and higher education qualified expenses. Choice C is incorrect because it states funds can be used at any age without a tax penalty, ignoring the typical age limitation and distribution expectations that are frequently emphasized on exam questions.
The SIE focus is on recognizing how education accounts differ by (1) what expenses qualify, (2) who controls the account, (3) contribution/beneficiary rules, and (4) withdrawal timing rules. For Coverdell ESAs, the commonly tested takeaway is: broader education use (K-12 through higher education) but with an age-related distribution requirement.
질문 # 78
How does an individual acquire restricted stock?
정답：A
설명：
Restricted stock refers to securities acquired through private placements, such as those offered under Regulation D. These securities are not registered with the SEC and are subject to holding period restrictions before resale.
* A is correct because Regulation D offerings involve private placements, resulting in restricted stock.
* B is incorrect because IPOs involve publicly traded shares, not restricted stock.
* C and D are incorrect because restricted stock is not obtained through warrants or exchange-traded options.
Reference: SEC Regulation D, Rule 144 (Restricted and Control Securities)
질문 # 79
A customer wants to open an account to trade covered calls and puts. Which of the following communications must be provided to the customer prior to approving the account for trading?
정답：C
설명：
FINRA Rule 2360 requires that customers receive the Options Disclosure Document (ODD), published by the Options Clearing Corporation (OCC), before they are approved to trade options. The ODD explains the risks and characteristics of options trading.
* D is correct because the ODD is mandatory for options account approval.
* A is incorrect because a prospectus is not specific to options trading.
* B is incorrect because the MSRB Investor Brochure applies to municipal securities.
* C is incorrect because a margin disclosure statement is required only for margin accounts.
Reference: FINRA Rule 2360 (Options)
질문 # 80
From an investor ' s standpoint, the principal disadvantage of a private placement of securities, as opposed to a public offering, is that:
정답：C
설명：
The correct answer is A, the transfer of the securities is restricted. Private placements are exempt from registration under the Securities Act of 1933, typically conducted under Regulation D, and are sold to accredited or sophisticated investors. Because these securities are not registered with the SEC, they are classified as restricted securities, meaning they cannot be freely resold in the public market.
Investors who purchase private placement securities face liquidity risk, as they must generally hold the securities for a specified period (often under Rule 144) before they can be sold, and even then, resale may be limited. This lack of a ready secondary market is the primary disadvantage compared to publicly traded securities, which can be bought and sold easily.
Choice B is incorrect because tax treatment is not inherently worse for private placements. Choice C is incorrect because private placements typically involve lower issuance costs for issuers due to fewer regulatory requirements. Choice D is actually an advantage to investors, as private placements are often offered at a discount to compensate for reduced liquidity.
Thus, the key drawback for investors is the restriction on resale, making choice A correct.
질문 # 81
A registered representative (RR) at Broker-dealer ABC receives a large sell order from a customer. The RR places an order in his own account to sell shares of the same security prior to placing the customer ' s order.
Which of the following best describes this type of activity?
정답：A
설명：
The correct answer is C, Front running. Front running is a serious violation of FINRA rules and ethical standards. It occurs when a registered representative or broker trades a security in their own account ahead of a large customer order, with the expectation that the customer's trade will impact the market price.
In this scenario, the RR knows that a large sell order is about to be executed, which will likely drive the price of the security down. By selling shares in his own account before executing the customer's order, the RR is attempting to avoid losses or profit from the anticipated price movement. This is considered misuse of material, non-public information and is strictly prohibited.
Choice A, Churning, refers to excessive trading in a customer's account to generate commissions. Choice B, Short selling, is simply the act of selling borrowed securities and is not inherently unethical. Choice D, Short- term trading is not prohibited by itself unless it violates suitability or other rules.
Front running undermines market integrity and violates the duty of fair dealing owed to customers. Therefore, it is both unethical and illegal, making choice C the correct answer.
질문 # 82
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FINRA SIE 시험이 어렵다고해도 PassTIP의 FINRA SIE시험잡이 덤프가 있는한 아무리 어려운 시험이라도 쉬워집니다. 어려운 시험이라 막무가내로 시험준비하지 마시고 문항수도 적고 모든 시험문제를 커버할수 있는FINRA SIE자료로 대비하세요. 가장 적은 투자로 가장 큰 득을 보실수 있습니다.
SIE높은 통과율 시험대비 공부자료: https://www.passtip.net/SIE-pass-exam.html
참고: PassTIP에서 Google Drive로 공유하는 무료 2026 FINRA SIE 시험 문제집이 있습니다: https://drive.google.com/open?id=1_KnCrsKra3-lQONybsZeekUGl_8em9vQ