100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
FINRA Rules Exam Study Guide with Complete Solutions $11.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Sie
  4.  
  5. Sie

Exam (elaborations)

FINRA Rules Exam Study Guide with Complete Solutions
 8 views  0 purchase
  • Course
  • Sie
  • Institution
  • Sie

FINRA Rules Exam Study Guide with Complete Solutions Enforcement Bodies - Answer️️ -Securities and Exchange Commission, FINRA Federal Reserve determines - Answer️️ -which securities are marginable. Enforcement is performed by FINRA. - Answer️️ -MSRB writes rules for municipal marke...

[Show more]

Preview 3 out of 28  pages

Document information

  • September 25, 2024
  • 28
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • finra rules exam study guide with complete solutio

Written for

  • Sie
  • Sie

Seller

avatar-seller
EmillyCharlotte

Reviews received

Content preview

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

FINRA Rules Exam Study Guide with
Complete Solutions
Enforcement Bodies - Answer✔️✔️-Securities and Exchange Commission, FINRA

Federal Reserve determines - Answer✔️✔️-which securities are marginable.

Enforcement is performed by FINRA. - Answer✔️✔️-MSRB writes rules for municipal

market participants

FINRA is the regulator for all of the securities markets - Answer✔️✔️-Primary Market

(new issues); the First Market (trades on exchanges); the Second Market (OTC trades

of non-exchange listed securities); the Third Market (OTC trades of exchange listed

issues) and the Fourth Market (direct trading between institutions on ECNs and ATSs)

FINRA does not regulate - Answer✔️✔️-CBOE options trading floor. There, the CBOE is

the regulator

"RR") may be compensated only by - Answer✔️✔️-brokerage firm for which the RR

works, based on trading commissions, salary, or asset based fees.

Customers may not pay compensation - Answer✔️✔️-directly to registered

representatives.

To take a second job - Answer✔️✔️-each registered person gives written notice to the

employing member firm and must follow instructions of the employing member firm.




1/28

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
no requirement to notify, or get the approval of, FINRA

FINRA requires that associated persons give written notice to their employer and

receive employer approval to - Answer✔️✔️-serve as an officer, director, or partner of

another business organization

any outside business activities must be disclosed - Answer✔️✔️-individual's U-4 filing, so

the U-4 must be amended promptly if the employer approves and outside work is taken.

any outside business activities are shown on - Answer✔️✔️-registered representative's

BrokerCheck report.

FINRA limits gifts related to one's employment in the securities business, either given or

received, - Answer✔️✔️-$100 in value per person per year.

Business entertainment does not fall under the $100 gift limit. - Answer✔️✔️-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 - Answer✔️✔️-representative and the customer are

together at some type of event.

Registered representatives can only shares commissions and fees with - Answer✔️✔️-

other registered persons at the same broker-dealer



prohibited from sharing in commissions or paying fees to registered persons at other

brokerage firms and to any unregistered individual.


2/28

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Continuing Education - Firm Element - Answer✔️✔️-each member firm must deliver a

Continuing Education program to each registered person that covers relevant

compliance issues, regulatory issues, and product features and issues



must document each person's participation and completion of the annual Firm Element

Continuing Education program

Continuing Education - Regulatory Element - Answer✔️✔️-Regulatory Element

Continuing Education program must be completed. This is administered by FINRA on

the PROCTOR system

Regulatory Element Continuing Education program must be completed. - Answer✔️✔️-

each registered person's 2nd anniversary of registration and every 3rd year thereafter,

Regulatory Element - Answer✔️✔️-training session that must be completed within 120

days of notification , Not completed, that person's license is suspended until completion

occurs.

Failure to Complete Regulatory Element - Answer✔️✔️-Not completed, that person's

license is suspended until completion occurs.

Parking Licenses - Answer✔️✔️-prohibited practice; person cannot arrange to have a

member firm hold his or her license during the period when he or she is not employed at

a member firm.




3/28

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller EmillyCharlotte. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
  Add to cart