Khung pháp lýCâu 397 / 398
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:
a.A private securities transaction requiring firm approval
b.A reportable gift under the $100 limit
c.A political contribution subject to MSRB G-37
d.An outside business activity requiring prior written notice to the firm
Giải thích
Serving as a director of an outside company for compensation is an outside business activity under FINRA Rule 3270, requiring prior written notice to the employing member firm. The firm then evaluates whether the activity raises conflicts or must be limited. This is different from a private securities transaction, which involves effecting securities transactions away from the firm.
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:
- 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:
- Which of the following registration categories would a person most likely need to sell general securities, including stocks and bonds, to retail customers?
- FINRA's BrokerCheck tool is best described as:
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