Khung pháp lýCâu 395 / 398
A firm discovers that one of its representatives opened a brokerage account at another member firm without notifying either firm. Under FINRA rules on accounts at other broker-dealers, the representative generally must:
a.Close the account immediately with no other obligation
b.Notify the executing firm of their association and notify their employer of the account
c.Report the account only to the SEC
d.Take no action because personal accounts are private
Giải thích
Under FINRA Rule 3210, an associated person who opens an account at another firm must generally notify their employing member firm and inform the executing firm of their association. The executing firm must, upon request, send duplicate confirmations and statements to the employer. This allows firms to monitor associated persons' personal trading.
Trích dẫn luật: FINRA RulesLuyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A representative wants to participate in a private securities transaction on behalf of a customer and will NOT receive any selling compensation. Under FINRA rules, the representative must at minimum:
- In a FINRA arbitration involving a public customer, which statement is generally TRUE about the outcome?
- The Securities Exchange Act of 1934 is best known for:
- Which of the following registration categories would a person most likely need to sell general securities, including stocks and bonds, to retail customers?
- A representative is offered, and wants to accept, an appointment to the board of directors of a private company in exchange for a fee. Under FINRA rules, this is best handled as:
- FINRA's BrokerCheck tool is best described as:
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