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
Financial Industry Regulatory Authority (FINRA) Exam Questions and Answers $9.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Sie
  4.  
  5. Sie

Exam (elaborations)

Financial Industry Regulatory Authority (FINRA) Exam Questions and Answers
 7 views  0 purchase
  • Course
  • Sie
  • Institution
  • Sie

Financial Industry Regulatory Authority (FINRA) Exam Questions and Answers A registered representative with ABC Securities, a FINRA member broker/dealer, terminates his registration and affiliates with XYZ Securities, another FINRA member broker/dealer. Which of the following statements is CORR...

[Show more]

Preview 2 out of 15  pages

Document information

  • September 25, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • financial industry regulatory authority finra ex

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

Financial Industry Regulatory Authority
(FINRA) Exam Questions and Answers

A registered representative with ABC Securities, a FINRA member broker/dealer,

terminates his registration and affiliates with XYZ Securities, another FINRA member

broker/dealer. Which of the following statements is CORRECT? - Answer✔️✔️-

Continuing commissions on clients remaining with ABC can be paid to the registered

representative if it is in the representative's contract.

As long as the new affiliation takes place within two years of the termination, there

would not be a requirement to re-qualify by examination.

Continuing commissions may be paid on business that "continues" to accrue at the

initial B/D as long as it is in the employee's contract. There is a two-year limit on re-

registering without need to re-take the exam. It would be a prohibited practice to remove

files from the office and there is nothing to stop the representative's clients from

changing their B/D of record to the new firm

FINRA was established to - Answer✔️✔️-encourage just and equitable principles of trade.

adopt and enforce its Conduct Rules among brokers and dealers.

Which of the following statements about FINRA are TRUE? - Answer✔️✔️-It has authority

to regulate the OTC market in nonexempt securities.

All branch offices of a member broker/dealer must be registered with FINRA.



1/15

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Firms transacting business in the over-the-counter market and/or members of the New

York Stock Exchange must register with the SEC and are eligible for membership in

FINRA. If a broker/dealer is a member, each branch office of the broker/dealer must be

registered with FINRA. Not all broker/dealers are required to be FINRA members, and

they may also hold membership in other exchanges.

Which of the following changes to a U-4 form must be communicated to the registered

representative's broker/dealer and to FINRA? - Answer✔️✔️-Bankruptcy

The broker/dealer and FINRA must be notified if a registered representative files for

bankruptcy; the other occurrences listed do not require FINRA notification

If a FINRA member firm suspends a registered representative, the firm must report the

suspension to: - Answer✔️✔️-FINRA.

The firm must report the suspension to its designated examining authority (DEA), in this

case, the Financial Industry Regulatory Authority (FINRA).

A change to which of the following items requires amending the Form U-4? -

Answer✔️✔️-A home address change requires an amendment to Form U-4. A change to

the member firm's address requires the firm to amend its Form BD, but not the

representative's Form U-4. Marital status and vacation home address are not items of

information on Form U-4.

FINRA fees paid by a member firm are based on which of the following - Answer✔️✔️-

FINRA fees are determined by the number of registered representatives, principals, and

branch offices registered with FINRA.

2/15

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 $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 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
$9.99
  • (0)
  Add to cart