A member firm suspects that financial exploitation of a senior customer has occurred. Under FINRA rules, the member firm should do all the following except:

Prior to submitting a new registration application to FINRA, member firms are required to thoroughly investigate the prospective registered representative. Which of the following is a way the firm can accomplish this requirement?

The registration application that registered representatives submit to FINRA is known as the:

Which of the following scenarios is most likely to result in a statutory disqualification from FINRA registration?

I. A felony conviction for forgery from 3 years ago

II. A misdemeanor for driving with a suspended license from 2 years ago

III. A felony conviction for accounting fraud from 9 years ago

IV. A misdemeanor for insider trading from 5 years ago

Registered representative candidates are tested on their knowledge of blue-sky laws during which exam?

Registered representatives are required to complete FINRA continuing education (also known as Regulatory Element continuing education):

Which of the following is most likely to occur after a registered representative files for bankruptcy?

A broker-dealer reports false information on Form U5. All the following are possible consequences except:

Which of the following is true about a registered representative who wishes to create a new LLC to provide financial modeling services?

I. The registered representative must provide written notice to their member firm immediately after starting the new outside business activity

I. The registered representative must provide written notice to their member firm prior to starting the new outside business activity

III. The registered representative must receive approval from their member firm prior to starting the new outside business activity

IV. The registered representative must amend their Form U4 to disclose the new outside business activity

A registered representative notifies their member firm about a new private securities transaction for which they will receive compensation. If approved, the member firm must:

I. Provide written approval for the transaction to the registered representative

II. Supervise the transaction as if it were being executed on their behalf

III. Take a percentage of the registered representative’s compensation

IV. Record the transaction on the firm’s books and records