A RR has been called into active military service. All of the following statements are true.
- the RR continues to receive commissions on the book during deployment
- the regulatory element of CE will be waived
- the firm element of CE will be waived
The RR’s license may not remain active.
An outside independent bookkeeper has been contracted to perform monthly trail balances for a FINRA member firm. Which of the below is true with regard to the bookkeeper?
The bookkeeper must be fingerprinted.
Does not need to be registered, qualify by exam, or be a US citizen.
Which if the below would be deemed a violation of the FINRA rules?
Parking a license
Registering a noncitizen rep, submitting fingerprint cards for a non-reg receptionist, and registering a rep with more than 1 regulatory body are not a violation.
An associated person with the firm has failed a qualification exam 4 times. How long must the AP wait before attempting the test again?
180 days
A year following the departure of a RR from the firm, a serious infraction of FINRA rules was uncovered. What must the firm do?
File an amended Form U-5
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Unit 1 Supervision of Registration of the BD and Personnel Management Activities53
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Unit 2 Supervision of General BD Activities119
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Unit 3 Supervision of Retail and Inst Customer-Related Activities41
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Unit 4 Supervision of Trading and Market Making123
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Unit 5 Supervision of Investment Banking and Research80
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Series 24 Warm-Up Test15
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Unit 1 - Test Prep5
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Unit 2 - Test Prep14
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Unit 3 - Test Prep5
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Unit 4 - Test Prep9
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Unit 5 - Test Prep8
