Unleash Your Product Knowledge With Suzy Rhoades: 33 Essential SIE Exam Questions Revealed!

Welcome to PassMasters’ Questions of the Week with Suzy Rhoades, our expert securities exam prep instructor.
If you are studying for the Securities Industry Essentials (SIE) Exam, this video is for you! In this video, Suzy will cover 33 questions the come from the topics covered in FINRA's SIE content outline in Section 2 - Understanding Products and Their Risks. This is a very broad topic! Suzy will present questions that come directly from our SIE exam prep licensing course.
To learn more about Suzy's SIE course -
passmasters.com/securities/sie/
To check out all of Suzy's securities course offering -
passmasters.com/securities-ex...
We will be posting questions of the week type videos frequently so please make sure to subscribe to our page and activate notifications.
Do you have questions about anything covered in this video? Or about any of the securities exams in general? Post a comment and we will respond asap. Thanks for viewing and happy studies!
#sieexam #sieexamprep #FINRAexams #suzyrhoades #passmasters
Contents of this video
0:00 - Welcome
1:12 - Practice Question 1 - ADRs
2:20 - Practice Question 2 - Importer's risk
3:04 - Practice Question 3 - Taxability of munis long-term capital gain
3:58 - Practice Question 4 - Account that can only be opened for a minor
4:30 - Practice Question 5 - Treasury stock
5:16 - Practice Question 6 - Secured bond backed by rolling stock
5:42 - Practice Question 7 - Mutual fund's income
6:59 - Practice Question 8 - Risk related to owning 1 stock
7:40 - Practice Question 9 - Interest rate risk
9:12 - Practice Question 10 - Risk related to equities
9:40 - Practice Question 11 - Units of a LP
10:08 - Practice Question 12 - What covers a call
11:17 - Practice Question 13 - How to reduce business risk
12:10 - Practice Question 14 - Municipal interest
12:57 - Practice Question 15 - Expenses of the separate account
13:41 - Practice Question 16 - FDIC coverage
14:16 - Practice Question 17 - Taxation of stock dividends
15:05 - Practice Question 18 - DPPs
15:39 - Practice Question 19 - Types of preferred stock
16:08 - Practice Question 20 - Private funds
16:32 - Practice Question 21 - UGMAs
17:27 - Practice Question 22 - Equity REITs
18:15 - Practice Question 23 - Limited partners
18:38 - Practice Question 24 - UTMAs
19:32 - Practice Question 25 - Measurement of market risk
20:14 - Practice Question 26 - Voting rights
20:47 - Practice Question 27 - Bank CD's risk
22:01 - Practice Question 28 - Investment company with investment manager
22:37 - Practice Question 29 - treasury note interest payments
22:55 - Practice Question 30 - Long a stock, long a put
25:08 - Practice Question 31 - Taxation of qualified annuity's death benefit
26:22 - Practice Question 32 - Time period to expiration of rights
26:46 - Practice Question 33 - Systematic risk
27:37 - Recap

[@thanewharton7593]

did really well on this, taking the exam tomorrow and pretty nervous!

[@PassMasters]

Sending all good thoughts your way Thane! YOU GOT THIS!😀

[@lovasent]

How did you do

[@Daniel-rr2jm]

Got my exam this Saturday. Been using these videos along with others to prepare. LOVE these practice questions. Best of luck to anyone planning to take the exam!

[@PassMasters]

Thank you! Keep up the hard work, we're looking forward to hearing how you nailed it.

[@anthonypuccio5828]

Your teaching skills and presentation are top notch. Thank you.

[@PassMasters]

Thank you 😀I feel lucky to get to do what I love.

[@colleenhessah2497]

Thank you great info

[@PassMasters]

Thanks for watching and glad to help! 😀

[@mattk9504]

Did not get a 100% but had 5 mistakes still learning thank you for this practice exam questions.

[@PassMasters]

So happy to help! Keep up the good work! 😀

[@kixuh6314]

Might be the prettiest teacher of all time

[@KINGMYSTIC]

Amazing

[@PassMasters]

Thanks for watching! 😀

[@martellreed934]

Thank u so much! Can you do a video of the call and put type questions?

[@PassMasters]

Thank you for watching! Yes, I will put together a video of the call and put type questions. I do have a options playlist you can use for now: kzbin.info/aero/PLwJTm2ZT1L2WI5fMBKM3uXEv4lXpHpWAL Keep up the good work! 😀I think you will like this video in particular: kzbin.info/www/bejne/paDEi2h9Zr6Ip8k

[@martellreed934]

@@PassMasters thank you so much! I’m prepping for my SIE Thank u for every bit of help ! You are amazing!

[@PassMasters]

So happy to help!@@martellreed934

[@wolfgordon1]

question i have my exam in 2days these videos are helping alot i will be watching them till its test time but when i am taking the practice exams i get lost in the sauce lol. what is the best course of action to transition this into the actual practice exams and hopefully to the real exam in 2days. im stressing, but confidence is higher knowing i have this to follow. ill be watching this a section 3 mostly since that will get me over that 70% hump

[@PassMasters]

Focus on what the words mean and the concepts, not just the right answer! We are rooting for you. 😀Be sure to take FINRA's free SIE practice exam too, it's on the FINRA website.

[@everettjones7556]

How'd your exam go?

[@kc9872]

How about long-term gain on federal bonds? Both state and federal tax also? Also, for question #31. What if it’s “unqualified” annuity? How the tax issue for the beneficiary? Thank you

[@PassMasters]

Capital gains are taxable at the state and federal level always, even when the asset sold is a muni or US government security. "They tax themselves but not each other" is the rule for interest income only. A TSA (403b) is the only annuity funded with pre-tax dollars, it is a qualified annuity. The rest of the annuities sold are not qualified, funded with after tax dollars. I think your question is about the tax issues for the beneficiary on a non-qualified annuity. They assume the original party's basis, meaning if it's not qualified then the money put in is not taxable, but the earnings are taxable as ordinary income. On a qualified annuity there is a zero cost basis, so 100% taxable as ordinary income to the beneficiary. Today there is the potential for a Roth 403b, but we will assume the 403b is pre-tax dollars going in unless the test says otherwise. Keep up the good work. Great questions!

[@jeremycharles3688]

29/33 Correct

[@PassMasters]

Nice work Jeremy 😀

[@1nvd]

I keep getting a 69 percent it’s driving me nuts. I’m using STC but I passed my 6 with them. I need to do better.

[@PassMasters]

Keep studying. YOU GOT THIS. Ask me anything! 😀

[@vargas218]

Does anyone have a good study method for this ???? It’s been a year of me with this I still can’t explain to you 1 single thing about this book. I’ve read this book 4 times. I’ve spent $4000 in personnel tutoring. I’ve seen all these videos on Kaplan and I’m still clueless. I’ve made 0% progress in 12 months. Can anyone help ? I need a study method cause I was a “D” student all through High School so I’m paying for it now. Thanks for any positive responses

[@PassMasters]

Johny, You are right the SIE is a LOT to know. Our course is designed for people to learn all they need to know to pass the test. We are here to help! 😃

[@everettjones7556]

Maybe take a step back and reevaluate this. It may not be right for you, or too complicated material. If you've spent over $4k and made "0%" progress in 12 months, it might just be time to move on. You are the only one that knows if you feel it is a (realistic) passion you want to pursue.

[@dengelmaryam8346]

If you are passionate about it, don't give up. Start by asking yourself, why are you doing it? Carrier, money, love advising? 2nd, see what makes you happy in life. Is the stress worth it? I would also sadjust trying Finance school. While still doing this on the side. Good luck hone.❤

[@maestroharris]

Will I be able to just know the answers for these questions as the only preparation for the exam along with other videos from u abt the sie exam?

[@PassMasters]

Gosh, I would always recommend a full study course for the SIE exam, it is such a broad exam. But the videos I have here on YT are very helpful! There is even a final exam for SIE. Be sure to visit the FINRA website and take their practice exam, it's free. That will be a good indication of how you would do on the real exam. Thanks for watching. Keep up the good work. 😀

[@maestroharris]

Okay thank u 🙏🏽

[@bplain80]

I got 27 out of 33. So what do you mean by Must Know?

[@PassMasters]

Great job! This exam represents the largest of the sections on the SIE exam. It is 33 out of the 75 questions, representing 44% of the test. The content covered in these questions comes directly from the SIE Examination Outline published by FINRA, they are concepts you MUST KNOW! Thanks for watching.😀

[@giggachadbrain]

If UGMA accounts can hold securities, then why can't they be brokerage accounts?

[@PassMasters]

If you go back and review question 21, it isn't saying that they can't be brokerage accounts, you are right a UGMA/UTMA account MAY be a brokerage account....but this is question is asking what MUST they be! UGMA/UTMA accounts are accounts for the benefit of a minor, and a minor can not own an account, a UGMA/UTMA account MUST BE a joint account, with a minor AND a custodian. That's a tricky one! Great question. Keep up the good work. 😀

[@giggachadbrain]

Join account was my guess, but in your video it says the answer is that they MUST be a cash account. @@PassMasters

[@risheelm4472]

23/33 😬

[@PassMasters]

Getting close! Keep on reviewing the videos, you will get there! 😀

[@risheelm4472]

@@PassMasters Hopefully 🙏🙏

[@wangmeimei8980]

Thank you for this I got 10/33 🥹

[@PassMasters]

Thanks for watching! Let me know how I can help!

[@shreejithnair90]

Hello madam I am professionally finance manager. I would like to know more about SIE exam and new opportunities in my profession.

[@PassMasters]

Hi! We have some great videos about the SIE. Check these ones out: kzbin.info/www/bejne/qJSah5x8fZ6chNU kzbin.info/www/bejne/bYfVg3uHd99kjqM Thanks for watching. Let us know how else we can help 😀

[@shreejithnair90]

@@PassMasters How to apply for the exam. What is scope after getting pass the exam on my professional career. Where and which field should I apply for job.

[@PassMasters]

SIE is just the first exam for the securities industry.@@shreejithnair90 Anyone can take it. Once you pass the SIE, you need a firm to sponsor you to move forward with a product license, so depending on where you work you get either a mutual funds and variable products license (6) or stockbroker (7). We specialize in training you to pass the exam. There are lots of potential job opportunities.