Finra rules exam - Study guides, Class notes & Summaries

SIE Exam- Unit 1 (Knowledge of Capital Markets) Questions and Answers 100% Pass What is the primary regulatory body for the securities industry? The Securities and Exchange Commission (SEC) serves as the principal regulatory authority overseeing the securities industry. Which legislation established the SEC? The Securities Exchange Act of 1934 was the legislation that established the SEC. Why is it necessary to register with the SEC? If you engage in securities transactions with cust...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...

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 market participants FINRA is the regulator for all of the securities markets - Answer️️ -Primary Market (new issues); the First Market (trades on exchanges); the Second Market (OTC trades of non-exch...

FINRA Rules Exam Questions and Answers | 100% Pass Which of the following is an SRO? A MSRB B SEC C SIPC D FDIC - Answer️️ -A. Both FINRA and the MSRB are SROs - self-regulatory organizations under SEC oversight. The MSRB write rules for municipal market participants, but it does not enforce those rules. Enforcement of MSRB rules is performed by FINRA for broker- dealers. SIPC is the Securities Investor Protection Corporation, which insures customer accounts at broker-dealers...

FINRA RULES EXAM QUESTIONS AND ANSWERS | 100% PASS All of the following statements are true regarding the U.S. securities markets EXCEPT: A FINRA has regulatory authority over the markets and market participants in the trading of all non-exempt securities B the Federal Reserve Board decides securities can be traded on margin C the Securities and Exchange Commission has regulatory authority over the securities markets and its participants D the MSRB has regulatory authority over the m...

Regulations: FINRA Rules Exam Questions and Answers | 100% Pass FINRA enforces regulations in which of the following markets? I. first market II. second market III. third market IV. fourth market - Answer️️ -All of them To take a second job, under FINRA rules, a registered rep must obtain prior written approval from (the): a. FINRA b. SEC c. branch manager d. financial and operations principal - Answer️️ -branch manager Under FINRA rules, a registered rep: a. may borrow mon...

Regulations: FINRA Rules Exam Questions and Answers | 100% Pass FINRA enforces regulations in which of the following markets? I. first market II. second market III. third market IV. fourth market - Answer️️ -All of them To take a second job, under FINRA rules, a registered rep must obtain prior written approval from (the): a. FINRA b. SEC c. branch manager d. financial and operations principal - Answer️️ -branch manager Under FINRA rules, a registered rep: a. may borrow mon...

SIE REGULATIONS (FINRA RULES) EXAM STUDY QUESTIONS AND ANSWERS GRADED A+

U-5 Form correct answers Under FINRA rules, if a new employer requests a copy of Form U-5 from a new employee, he must provide it within 2 business days When a registered principal terminates his employment at a FINRA member firm.... correct answers The terminating firm must notify FINRA within 30 days And the terminating firm must provide a Form U-5 to FINRA What is NOT considered a security? correct answers Index Annuities U-4 changes correct answers Must be amended for changes to ...

SIE REGULATIONS (FINRA RULES) EXAM SOLUTIONS QUESTIONS AND ANSWERS A+ VERIFIED