FINRA Series 99 Operations Professional Exam

Question 1

Which of the following best describes a mandatory corporate action?

A tender offer requiring shareholder election A rights offering where shareholders choose to subscribe A stock split that automatically affects all shareholders A dividend reinvestment plan opted into by shareholders

Correct Answer:

A stock split that automatically affects all shareholders

Question 2

What is the 'record date' in the context of a corporate action?

The date the corporate action is announced to the public The date by which an investor must own shares to be entitled to the benefit The date on which payment or distribution actually occurs The date trading in the security is halted pending the action

Correct Answer:

The date by which an investor must own shares to be entitled to the benefit

Question 3

In a 3-for-1 stock split, an investor holding 150 shares at $90 each would have after the split:

50 shares at $270 each 450 shares at $30 each 150 shares at $30 each 300 shares at $45 each

Correct Answer:

450 shares at $30 each

Question 4

What is the 'ex-dividend date'?

The date on which the dividend payment is made to shareholders The date after which buyers of the stock will not receive the declared dividend The date on which the company announces its dividend The date the dividend is recorded in the company's books

Correct Answer:

The date after which buyers of the stock will not receive the declared dividend

Question 5

A reverse stock split is most likely used by a company to:

Increase the number of outstanding shares to raise capital Reduce the share price to attract more retail investors Raise the share price to meet exchange listing requirements Pay dividends to shareholders without using cash

Correct Answer:

Raise the share price to meet exchange listing requirements

Question 1

Exam overview

About this Exam

Prepare with the FINRA Series 99 Operations Professional Exam practice quiz. This question bank includes 50 questions covering professional, operations, series, risk, and corporate. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

More details

Additional Information

FINRA Series 99 Operations Professional Exam

This practice set contains 50 questions from the matching question bank and focuses on professional, operations, series, risk, and corporate. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

Quiz information

Frequently Asked Questions

The complete question count is available after full access is unlocked.

No fixed duration is currently configured for this quiz.

Question explanations are included where they are available in the quiz content, helping you review the reasoning after answering.

Yes. You can retake the practice test again as you continue studying during your available access period.

After your access is confirmed, you can continue into the complete practice exam from this quiz flow.

Unless explicitly stated otherwise, this page provides independent practice material for study and exam preparation and is not the official examination itself.

Keep studying

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

About this Exam

Additional Information

FINRA Series 99 Operations Professional Exam

Frequently Asked Questions

Related Questions

340B Program Operations Certificate Practice Exam

Certified Professional Public Buyer (CPPB) Practice Exam

Certified Supplier Quality Professional (CSQP) Practice Exam

Certified Supply Chain Professional (CSCP) Practice Exam

Certified Third-Party Risk Professional (CTPRP) Practice Exam

Certified Treasury Professional Practice Exam