Series 24 Quicksheet
what is the 'grace period' for fees being paid to FINRA? - correct answer
✔21 days until membership revoked or suspended
how long do you need to notify FINRA before making a material change to the
firm? - correct answer ✔30 days
how long do you have to report an AP having a statutory disqualifying event? -
correct answer ✔promptly to FINRA, no more than 30 days
what leads to statutory DQ from FINRA? - correct answer ✔convicted of
money/securities misdemeanor or any felony within past 10 years
how often must firm element of Continuing Education be completed for
FINRA? - correct answer ✔annually
how often must the regulatory element of FINRA continuing ed be completed?
- correct answer ✔within 120 days of second registration anniversary, and
every 3 years after
what is FINRA rule 3110? - correct answer ✔office of supervisory jurisdiction
(OSJ) and supervising branches inspected annually; non supervisory
branches inspected at least once every three years
what is FINRA rule 3120? - correct answer ✔designated principles must
submit to the member's senior management annually a report detailing system
of supervisory controls, summary of test results, significant identified
exceptions
what is the 'grace period' for fees being paid to FINRA? - correct answer
✔21 days until membership revoked or suspended
how long do you need to notify FINRA before making a material change to the
firm? - correct answer ✔30 days
how long do you have to report an AP having a statutory disqualifying event? -
correct answer ✔promptly to FINRA, no more than 30 days
what leads to statutory DQ from FINRA? - correct answer ✔convicted of
money/securities misdemeanor or any felony within past 10 years
how often must firm element of Continuing Education be completed for
FINRA? - correct answer ✔annually
how often must the regulatory element of FINRA continuing ed be completed?
- correct answer ✔within 120 days of second registration anniversary, and
every 3 years after
what is FINRA rule 3110? - correct answer ✔office of supervisory jurisdiction
(OSJ) and supervising branches inspected annually; non supervisory
branches inspected at least once every three years
what is FINRA rule 3120? - correct answer ✔designated principles must
submit to the member's senior management annually a report detailing system
of supervisory controls, summary of test results, significant identified
exceptions
