FINRA Series 26 Questions and Correct Answers/ Latest Update / Already Graded

Page |1


FINRA Series 26 Questions and Correct
Answers/ Latest Update / Already Graded
FINRA Rule 3010

Ans: Rule that states each member must:
I. Establish written supervisory procedures
II. A registered principal is responsible for revi ewing procedures
III. Each rep is assigned to a principal in charge of supervising
their activities, review of communication, & correspondence bw
reps & the public


FINRA Rule 8000

Ans: Investigations & Sanctions. Must keep and maintain a
current copy of the manual in a readily accessible place and
provide it at a customer's request.


FINRA Rule 9000

Ans: Covers handling of securities violations and complaints.
Think what happens after an investigation (Rule 8000)


District Business Conduct Committee

Ans: Has initial jurisdiction in handling of complaints.


All rights reserved © 2025/ 2026 |

, Page |2



Penalties the DBCC & Board of Governors can impose

Ans: Censure, fine, suspend, expel, bar


FINRA Rule IM-3110

Ans: Defines complaint, says each OSJ must maintain a record
of complaints and any action taken.


Complaint

Ans: Any written statement of a customer or any person acting
on behalf of the customer alleging a grievance


Code of Procedure

Ans: Deals with rules that cover actions by FINRA against
member firms and their associated people


Code of Arbitration

Ans: requires disputes be submitted for arbitration. Includes
member and customer and/or associated person




All rights reserved © 2025/ 2026 |