SIE Exam FREE Kaplan Practice Test 4 EXPLICATED. Hit pause, answer, hit play to reveal answer.

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  • Опубліковано 13 лип 2024
  • • SIE Exam Prep Investme... 33 questions on the SIE!!
    Time stamps:
    00:00 Intro
    01:00 Option contracts are issued by the OCC NOT the corporation
    01:34 Calculate current yield
    03:38 MSRB rule G 37 $250
    04:38 Closing sale
    05:30 Earned income
    06:08 Call risk
    07:07 OCC receives exercise notice
    08:10 Determine suitability
    09:15 DERP
    10:48 U-5
    11:40 Tenants in common
    13:00 Cash settlement
    13:30 IRA contributions by April 15
    13:52 Customers receive the bid price when selling
    15:28 Closed end funds and ETFs trade in the secondary market
    16:37 FINRA is the Self Regulatory Organization (SRO) for the securities industry
    17:40 Buyer, owner, holder long of an option contract that expires lose the premium
    18:20 Customer account statements are quarterly UNLESS penny stock then monthly
    18:56 Fee based trading accounts versus commission based trading accounts
    20:47 Open end versus closed end funds
    22:50 Principals train associated persons
    23:15 Closed end funds versus open end funds
    23:44 Option contract expires worthless holder loses premium
    24:36 Yield relationships off a bond at par
    27:00 DPPs
    27:37 Buy stop at 39
    28:11 U-4
    29:22 RMDs begin at 72
    29:38 Business continuity plan
    30:08 Legislative risk
    30:34 Limited liability in common stock
    31:02 Voting of stock held in street name
    31:40 Class A shares
    31:49 Current assets
    32:00 Unsecured debt securities
    32:19 Commercially illogical trades are a AML red flag
    33:24 Suspicious Activity Reports
    33:54 Inflation risk
    34:09 Continuing commissions
    35:07 Breakpoints
    35:31 Common stock limited liability
    35:51 MSRB has no authority over municipal issuers
    36:23 Cost basis and realized capital gain
    37:08 Transfer on death (TOD)
    37:53 Legislative risk
    34:47 Statement of Additional Information
    39:04 Selling away
    39:50 Lagging indicators
    40:12 Sharing in a customer account
    40:58 Penny stock disclosure not required for established customer
    41:20 Stagnation
    41:40 All or none underwriting
    42:08 Short sale
    42:34 Business cycle
    42:56 Moving from one B/D to another
    43:43 Nominal yield AKA coupon AKA fixed or stated rate of return
    43:55 Lifetime records of a broker/dealer
    44:23 GNMA has the full faith and credit of the US Treasury
    44:43 Nonn exempt securities that must be registered with the SEC under '33 Act
    45:19 Currency risk
    45:47 GDP
    46:04 Presentations fair and balanced
    47:19 Prospectus delivery
    47:32 Rule 144 control person
    48:00 Systematic risk
    48:53 Lifetime records of a broker/dealer
    49:23 Secondary transactions
    49:53 Interest rates
    50:39 Interest rate risk
    50:49 Class B shares
    51:00 Regulatory authorities
    51:26 Investment Company Act of 1940
    51:45 Participating preferred
    51:58 IPO allocation

КОМЕНТАРІ • 54

  • @Series7Guru
    @Series7Guru  2 роки тому

    ua-cam.com/video/KegLDJJKMbc/v-deo.html. 33 questions on your SIE!!!

  • @SuperJ1337
    @SuperJ1337 2 роки тому +8

    I just took and passed my SIE exam today. No paid programs or textbooks for me, just the brilliant and generous minds of Dean Tinney and Ken Finnen (aka Capital Advantage Tutoring).
    Just wanted to thank you both for being willing to share your incredible expertise on the subject for free. You guys rock!

    • @Series7Guru
      @Series7Guru  2 роки тому +2

      Kudos on your SIE testing victory! You are not the first who has used my SIE playlist as their primary study source and made their mark. Always very gratifying when my SIE playlist contributes to testing victories like yours.

  • @jaycebrown7747
    @jaycebrown7747 Рік тому +2

    Passed my SIE yesterday and can't help but thank you for these helpful videos. Couldn't have done it without your helpful explanations and stories in real life. You are a huge help to us test takers.

    • @Series7Guru
      @Series7Guru  Рік тому

      Kudos on your first testing victory! What's your next testing victory? Series 6? Series 7?

    • @jaycebrown7747
      @jaycebrown7747 Рік тому +1

      @@Series7Guru series 7 now. Going through your playlist.

  • @OneMidnightCat
    @OneMidnightCat 2 роки тому +2

    Just took my SIE today and passed!! Thanks Dean! All of the details in your lectures were super helpful. Onto the series 6 😁

    • @Series7Guru
      @Series7Guru  2 роки тому

      Kudos on your first testing victory!

  • @Usicky12
    @Usicky12 2 роки тому +2

    taking my SIE this thursday and series 7 next thursday! thank you so much for the videos. I passed this practice exam so thats a good sign! thank you Dean

    • @Series7Guru
      @Series7Guru  2 роки тому

      Very good sign. On Thursday be confident in your answers!

  • @afiabrown6073
    @afiabrown6073 2 роки тому +1

    Thank you so much!! This was awesome and informative!

  • @noobslearn
    @noobslearn 2 роки тому +1

    Just passed SIE! Thanks in about 90% to your content. The provider that I chose (I'll not mention them) was hot garbage at best. For those reading this and preparing for the exam, stick with Kaplan or others mentioned by Dean on this channel.

    • @Series7Guru
      @Series7Guru  2 роки тому +1

      Kudos on passing your SIE exam! Your first FINRA test taking victory. Always very gratifying when my content contributes to test taking victories like yours. I am very proud of my SIE exam playlist. What's next? 6? 7?

    • @noobslearn
      @noobslearn 2 роки тому +1

      @@Series7Guru I’m actually not 100% sure what’s next. I’m in the beginning phase of a career change and knew that SIE was needed either way.

    • @Series7Guru
      @Series7Guru  2 роки тому

      @@noobslearn welcome to the Securities Industry!

  • @gxex1
    @gxex1 2 роки тому +2

    Hello Mr. Tinney, wanted to thank you for your awesome content again and say that I find it super interesting that you used Disney's political subdivision ( Reedy Creek ) as an example for muni bond issuance and their tax implications. Apparently Disney is in hot water and the Florida gov is trying to strip away the special powers they have in Orlando. Pretty cool to get to understand the news reports about it thanks to you!

    • @Series7Guru
      @Series7Guru  2 роки тому +1

      "The past is never dead. It's not even past". Guess I will have to find a new story. Lol.

  • @kimolsson7145
    @kimolsson7145 2 роки тому +1

    Very helpful, thanks!

  • @nathanpeters7641
    @nathanpeters7641 Рік тому +1

    Hey Dean, I may have missed this in the video but how do I apply for the 10% discount on the Kaplan q bank?

  • @nathanpeters7641
    @nathanpeters7641 Рік тому +1

    And another question I have is, would you recommend the Kaplan securitiespro qbank or the practice and mastery exam package?

    • @Series7Guru
      @Series7Guru  Рік тому

      I recommend all in. Mastery package.

  • @user-gk4kb3kr4w
    @user-gk4kb3kr4w Рік тому +1

    How do you think Training Consultants practice exams compare to the actual SIE?
    Thank you for your videos they have been very helpful!

    • @Series7Guru
      @Series7Guru  Рік тому

      I don't know. Not familiar with their content.

  • @REAL7uminous
    @REAL7uminous 4 місяці тому +1

    number 25 ive never seen before, that question is on bond yields? how do i study up on this?

    • @Series7Guru
      @Series7Guru  4 місяці тому

      Watch my lectures on bonds

  • @fafishing3280
    @fafishing3280 Рік тому +3

    DO YOU THINK KAPLAN IS THE CLOSEST IT WILL GET TO THE ACTUAL EXAM? OR DO YOU BELIEVE THE FINRA PRACTICE EXAM IS MORE ACCURATE? THANKS FOR ALL YOU DO!

    • @Series7Guru
      @Series7Guru  Рік тому

      Think you should do more than one exam. FINRA practice exam is excellent and so id Kaplan and TestGeek.

  • @REAL7uminous
    @REAL7uminous 4 місяці тому +1

    on question 31, legislative and regulatory are the same thing i feel. i thought it was Regulatory so im wondering the differences.

    • @Series7Guru
      @Series7Guru  4 місяці тому

      Legislaive is congress. Regulatory is not congress but maybe like an agency like EPA

  • @dynastymaitland6083
    @dynastymaitland6083 Рік тому +1

    Are you able to do another SIE practice exam? Or are there anymore available to watch? Taking it on 8/1😬😩😥

    • @Series7Guru
      @Series7Guru  Рік тому

      Have you gone over all four already?

    • @kingames8889
      @kingames8889 5 місяців тому

      Did you pass??

    • @dynastymaitland6083
      @dynastymaitland6083 5 місяців тому

      @@kingames8889 yes 11/19/23 I think

    • @kingames8889
      @kingames8889 5 місяців тому

      Did u just remember these questions and try to apply later? I work for Fidelity I’m getting ready to schedule mines.

    • @dynastymaitland6083
      @dynastymaitland6083 5 місяців тому

      @@kingames8889 oh great. Which location do you work for? And this is not an exam you can memorize. You need to understand the concept and remember definitions

  • @rosemarini3623
    @rosemarini3623 2 роки тому +2

    Can you please explain question 27? I thought because the buy stop order was placed at 39 it would only be filled at 39 or higher, so 39, 40, 41 ...

    • @rosemarini3623
      @rosemarini3623 2 роки тому +1

      i.e. how could it be filled at 38?

    • @Series7Guru
      @Series7Guru  2 роки тому

      You are confusing a buy stop with a buy stop limit. This is a buy stop NOT a buy stop limit.
      In a buy stop if triggered or elected it becomes a market order.
      In a buy stop limit if triggered or elected becomes a limit order.

    • @rosemarini3623
      @rosemarini3623 2 роки тому

      @@Series7Guru But how would this buy stop be triggered in this case?

    • @Series7Guru
      @Series7Guru  2 роки тому

      @@rosemarini3623 that was not the question. The question was what would be acceptable if it was triggered.

    • @rosemarini3623
      @rosemarini3623 2 роки тому +1

      @@Series7Guru Ok so in this type of question you would assume the order was triggered?

  • @latina-wealthbuilder6880
    @latina-wealthbuilder6880 Рік тому +1

    The text is really small. Can you make it larger?

    • @Series7Guru
      @Series7Guru  Рік тому

      Moving forward from I have made it bigger. But unfortunately this one is as is

  • @JC-nh6ud
    @JC-nh6ud 9 місяців тому

    Sorry, but you talk too much. You talk for 5 minutes, and then you talk about the answer. It is confusing.

    • @Series7Guru
      @Series7Guru  9 місяців тому +3

      Well good news for you. There are other channels so just change the channel. Watch some different channel. If you are confused that's on you not me and indicates you are going to fail your exam.

    • @JC-nh6ud
      @JC-nh6ud 9 місяців тому

      Wow. Yes, I will watch other channels. But, second and most important, you are obviously a grumpy childish kid. An adult, says "let me see if I can do something to improve what I am doing." But, you threw a tantrum. And I will not fail the exam. I have two masters, I know how to take a test. Yahoo.