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Communications & Sales Practices: 48 free SIE practice questions

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  1. Every broker-dealer must establish an Anti-Money Laundering (AML) compliance program that includes all of the following EXCEPT:medium
  2. Under FINRA rules, each member firm is required to establish and maintain a system of supervisory procedures. Which of the following is a…medium
  3. Under FINRA Rule 3110, which of the following is TRUE regarding the review of a registered representative's correspondence and…hard
  4. Who at a broker-dealer is primarily responsible for ensuring that supervisory procedures are followed?easy
  5. A registered representative wants to work part-time as a real estate agent. What must the representative do?easy
  6. A registered representative participates in selling securities of a friend's private company without notifying the firm. This activity is…medium
  7. Under FINRA Rule 3280, a registered representative wants to participate in a private securities transaction for compensation. After…hard
  8. Under FINRA rules, what is the maximum value of a gift that a registered representative may give to a person associated with another member…easy
  9. A registered representative takes a client to a baseball game where the tickets cost $150 each. Does this violate the $100 gift rule under…medium
  10. FINRA BrokerCheck is a tool that allows the public to do which of the following?easy
  11. Which of the following disclosures would appear on a registered representative's BrokerCheck report?medium
  12. A registered representative serves on the board of directors of a local nonprofit. Under FINRA Rule 3270, which statement is correct?medium
  13. A registered representative provides written notice of an outside business activity to her firm. The firm does not respond within 30 days.…hard
  14. Where does the information displayed on FINRA BrokerCheck originate?easy
  15. Which of the following statements about customer communications is TRUE?easy
  16. Which communication practice is generally PROHIBITED by FINRA?easy
  17. Which of the following is considered a public appearance under FINRA rules?easy
  18. Which of the following best describes the requirement for balance in customer communications?easy
  19. Which of the following is a key principle for all retail communications?easy
  20. A firm's website contains product brochures available to the general public. How is this communication classified?medium
  21. What is the responsibility of firms regarding supervision of customer communications?medium
  22. Under FINRA rules, which of the following is TRUE regarding communications that include comparisons?medium
  23. A registered representative speaks on a live television program about investment strategies. Which is TRUE?medium
  24. If a retail communication includes a testimonial, what must be disclosed?medium
  25. When must a firm file retail communications concerning mutual funds with FINRA?medium
  26. A registered representative posts investment tips on her public social media profile. This is classified as:medium
  27. Which of the following is TRUE about using performance data in retail communications?medium
  28. A broker sends a newsletter to 22 retail clients in a 30-day period. How is this classified?medium
  29. Which of the following is TRUE regarding future projections in retail communications?medium
  30. Which statement best describes a fair and balanced communication?medium
  31. If a retail communication uses investment company rankings, what must be disclosed?medium
  32. A communication claims an investment is 'guaranteed safe.' What is the regulatory issue?medium
  33. When must retail communications generally be approved by a principal?medium
  34. Which of the following is TRUE about the review of correspondence?medium
  35. Which is NOT required for public appearances?medium
  36. A registered representative tweets about a new investment product. This is considered:medium
  37. Which of the following is always required when using a testimonial in retail communications?medium
  38. FINRA rules require what for all customer communications?hard
  39. When using investment company rankings in retail communications, which of the following is required?hard
  40. Which of the following is strictly prohibited in any customer communication?hard
  41. What must a firm have in place for all customer communications?hard
  42. Which of the following is TRUE about supervision of public appearances?hard
  43. Which is required when a compensated testimonial is used in retail communication?hard
  44. A broker-dealer creates a retail communication for a new mutual fund with a self-created ranking. When must it be filed with FINRA?hard
  45. How often must broker-dealers file annual compliance reports with regulators?easy
  46. Which report must be filed if a broker-dealer's AML program is found to be deficient during an audit?medium
  47. A registered representative must report outside business activities to:medium
  48. Broker-dealers must maintain records and report gifts and entertainment exceeding:medium
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