SIE (Securities Industry Essentials) Practice Exam

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Which event results in a statutory disqualification?

  1. A misdemeanor conviction unrelated to financial matters

  2. A felony conviction for a driving under the influence (DUI) charge

  3. A temporary suspension from a non-financial profession

  4. Failing to disclose a personal bankruptcy

The correct answer is: A felony conviction for a driving under the influence (DUI) charge

A felony conviction for a driving under the influence (DUI) charge results in a statutory disqualification because it is considered a financial crime. Option A is incorrect because misdemeanor convictions unrelated to financial matters do not result in a statutory disqualification. Option C is incorrect because a temporary suspension from a non-financial profession does not necessarily result in a statutory disqualification. Option D is incorrect because while failing to disclose a personal bankruptcy may result in consequences, it does not necessarily result in a statutory disqualification.

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