SIE FINAL 1

Question 1

1 of 85
A registered representative persuades a customer to purchase a security by assuring her that, should it fall in value, the representative will make up the difference in the account. This practice is:
QID:
1809041

A.Permitted if the arrangement is in writing and preapproved by the firm

B.Permitted if the customer maintains an outside business relationship with the representative

C.Permitted if the customer is an immediate family member

D.Not permitted

Answer 1

D. Not permitted

Question 2

2 of 85
As it relates to the sale of variable contracts, which of the following is NOT considered non-cash compensation under FINRA rules?

A. A gift
B. A meal
C. Commissions
D.Lodging expenses

Answer 2

C. Commissions