Timelines Question and answers correctly solved 2024/2025
0 view 0 purchase
Course
SERIES 24
Institution
SERIES 24
Timelines Question and answers correctly solved 2024/2025 Timelines (Series 24)
Following a pre-membership interview, how long does FINRA have to approve or deny an application? - correct answer 30
How long after the closing of a customer's account must a broker-dealer preserve records whi...
Timelines (Series 24)
Following a pre-membership interview, how long does FINRA have to approve
or deny an application? - correct answer ✔30
How long after the closing of a customer's account must a broker-dealer
preserve records which relate to the terms and conditions with respect to the
opening and maintenance of the account? - correct answer ✔6 Years
Blotters must be maintained for: - correct answer ✔6 Years
Most records must be kept easily accessible for: - correct answer ✔2 Years
Regarding internal inspections required by FINRA, each member shall inspect
each OSJ office and any branch office that supervises one or more non-
branch locations at least how often? - correct answer ✔Annually
For branch offices that do not supervise one or more branch locations, the
member shall inspect such branches at least - correct answer ✔3 Years
What is the earliest time that a newly-issued security can be sold to the
public? - correct answer ✔At least 20 days after its registration statement is
filed
An issuer of publicly offered securities must file X preliminary prospectuses X
days before sending to investors: - correct answer ✔Five copies of the
preliminary prospectus with the SEC no later than the date that it is first sent
to investors
, Firms must preserve customer account information that is subsequently
updated for at least ____ years after info is updated - correct answer ✔6
Years
Firms must preserve the most current customer account information for
______ years after the account is closed. - correct answer ✔6 Years
How often must security counts be conducted - correct answer ✔Quarterly
(2-4 months between counts)
Smith & Smith is in the process of registering as a broker-dealer. FINRA has
deemed the firm's application complete and has scheduled an interview with
the firm. After the interview, how long does FINRA have to accept or deny
Smith & Smith's registration? - correct answer ✔30 Days
Smith & Smith is in the process of registering as a broker-dealer. How long
does FINRA have to review the application for completeness? - correct
answer ✔30 Days
Smith & Smith is in the process of registering as a broker-dealer. They
received a request for additional information regarding their application. How
long does Smith & Smith have to respond to FINRA? - correct answer ✔60
Days
A respondent or the Department of Enforcement or the Department of Market
Regulation may file a written notice of appeal within X after service of a
decision issued pursuant to Rule 9268 or Rule 9269 to the National
Adjudicatory Council. - correct answer ✔25 days
Under FINRA's disciplinary procedures, how long after the Hearing Panel
makes its decision can the decision be appealed, and who would the appeal
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Academia199. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
