SIE Exam Question 482: Answer and Explanation

Question: 482

You are the owner of a restaurant and you would like to have a guitarist play in the lounge on Saturday evenings. You have known your representative for 15 years and know her to be a great jazz guitarist. You think she would like to play and ask her if she is available to do so. She would have to notify which of the following before accepting your offer?

• A. NYSE.
• B. Her firm.
• C. FINRA.
• D. No one, because it is not securities related and she is on her own time.

Correct Answer: A

Explanation:

A: The Securities Exchange Act of 1934 regulates the secondary market.