SIE Exam Question 13: Answer and Explanation

Question: 13

Which of the following written communications is considered a research report?

• A. An email that includes an analysis of equity securities of individual companies
• B. A discussion of broad-based indices
• C. A commentary on economic, political, or market conditions
• D. A technical analysis concerning the demand and supply for a sector, index, or industry based on trading volume and price

Correct Answer: A

Explanation:

An email that includes an analysis of equity securities of individual companies is considered a research report. Discussions of broad-based indices, commentaries on economic, political, or market conditions, and a technical analysis concerning the demand and supply for a sector, index, or industry based on trading volume and price are specifically excluded from the definition of a research report.