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FINRA Rules Exam Questions and Answers | 100% Pass
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FINRA Rules Exam Questions and Answers | 100% Pass Regulation of the OTC Market - Answer️️ -FINRA and the SEC regulate the over-the- counter market The Federal Reserve Board decided which OTC securities are marginable FINRA-Market Regulation - Answer️️ -FINRA regulates all the securiti...

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  • September 25, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • finra rules exam questions and answers 100 pass

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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

FINRA Rules Exam Questions and
Answers | 100% Pass

Regulation of the OTC Market - Answer✔️✔️-FINRA and the SEC regulate the over-the-

counter market

The Federal Reserve Board decided which OTC securities are marginable

FINRA-Market Regulation - Answer✔️✔️-FINRA regulates all the securities markets: first,

second, third and fourth

FINRA associated persons who want to serve as an officer, director, partner or

employee of another business - Answer✔️✔️-FINRA requires that associated persons

give written notice to their employer and receive written approval from their employer

Business Entertainment - Answer✔️✔️-Business entertainment does not fall under the

$100 gift limit. Business entertainment is permitted as long as it is not too excessive or

too frequent and it must comply with the firm's policies and procedures. Business

entertainment means that the representative and the customer are together at some

type of event.

Referrals - Answer✔️✔️-Registered representatives can only share commissions or pay

referral fees to other registered persons at the same broker-dealer. Because these 2

representatives work for different firms, payment of the referral fee is prohibited.




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, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
The Regulatory Element of the Continuing Education Requirement - Answer✔️✔️-Must

be completed on the registrant's 2nd anniversary of registration and every 3 years after

the initial review



Failing to complete within 120 days means that the person's registration is suspended

Assistant Representative- Order Processor - Answer✔️✔️-Series 11 license

Can take new account information and accept an unsolicited order

Not Held Order - Answer✔️✔️-As long as an order states the number of shares and the

security to buy, the order can be accepted as given and performed without written

discretionary power of attorney from the customer

Customer complaints - Answer✔️✔️-All customer complaint letters must be reviewed and

handled by a principal. Internal documents of a brokerage firm do not have to be

reviewed by a principal.

FINRA 5% Policy on Mark Ups and Commissions - Answer✔️✔️-A customer's ability to

pay has no bearing on the amount of commission or mark-up that is charged. The dollar

amount of the transaction, level of service provided by the firm, and the type of security

involved are all considerations under the 5% Policy when determining a fair and

reasonable commission or mark-up.




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