SIE (Securities Industry Essentials) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Ace your Securities Industry Essentials (SIE) Exam with Examzify! Our practice exam features flashcards, multiple-choice questions with detailed explanations, and insightful tips to ensure your success.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

By when should Michael expect the next financial report after receiving one in December 2020?

June 2021
December 2021
March 2021
June 2022

The correct answer is: June 2021

The next financial report after December 2020 can be expected in June 2021. Option B (December 2021) is incorrect because it is a full year after the previous report, and it does not align with a common timeline for financial reporting. Option C (March 2021) is incorrect because it is only three months after the previous report, which is unlikely for a company's financial reporting schedule. Option D (June 2022) is incorrect because it is a full two years after the previous report, which is again an uncommon timeline for financial reporting. Therefore, option A (June 2021) is the only correct and logical answer based on the given information.