SIE (Securities Industry Essentials) Practice Exam

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Under FINRA rules, noncash compensation connected with the sale of variable contracts includes all of the following items except:

gifts
prizes
commissions
trips

The correct answer is: commissions

Noncash compensation refers to any form of compensation that is not in the form of cash or cash equivalents. This includes items such as gifts, prizes, and trips. However, commissions are not considered noncash compensation under FINRA rules. Commissions are a form of cash compensation that an individual would receive as a result of selling variable contracts. Therefore, commissions would not fall under the category of noncash compensation in this context.