Free FINRA SIE Practice Exam Questions and Answers 2026

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Total 166 Questions | Updated On: Apr 02, 2026

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Question 1

At a prospecting event, a registered representative (RR) provides cards for attendees to write down their contact information if they want to have a follow-up meeting with her. Which of the following actions should the RR take in this situation to comply with telemarketing rules?

A : Obtain the broker-dealer-s approval before making a call

B : Limit contact with prospects to between 9 a.m. and 9 p.m.

C : Contact the prospects at will since they provided express written consent

D : Prior to contacting the prospects, check all of the names on the cards to make sure they are not on the National Do Not Call Registry

Answer: D

Question 2

The process in which the buying firm must pay for the securities and the selling firm must deliver the securities is known as:

A : A corporate action

B : Clearing the trade

C : The settlement of the transaction

D : A delivery versus payment (DVP) transaction

Answer: C

Question 3

Executing trades using the delivery versus payment (DVP) settlement process requires the buyer to make a cash payment by which of the following deadlines?

A : On the 5th business day after execution

B : Before or at the same time as securities being delivered

C : No later than 3 days after the securities are delivered

D : By the agreed-upon settlement date with the issuer

Answer: B

Question 4

The civil penalty for an individual who is convicted of an insider trading violation is permitted to be an amount up to how many times the profit gained or loss avoided?

A : 1 time

B : 3 times

C : 6 times

D : 10 times

Answer: B

Question 5

An investor wants to purchase mutual fund shares, but she is concerned about the tax efficiency of the fund. Which of the following disclosures required under industry regulations will help the investor make an informed decision?

A : The fund-s turnover ratio

B : Sales charges and breakpoint discount opportunities

C : The commissions that the fund pays on each transaction

D : Projections of future dividend and capital gains distributions

Answer: A

Page: 1 / 34

Total 166 Questions | Updated On: Apr 02, 2026

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