FINRA NEWEST 2026/2027 NEWEST EXAM WITH COMPLETE
QUESTIONS AND CORRECT ANSWERS |ALREADY GRADED
A+||BRAND NEW VERSION!
FINRA Rule 3010 - ANSWER Rule that states each member must:
I. Establish written supervisory procedures
II. A registered principal is responsible for reviewing 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 - ANSWER 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 - ANSWER Covers handling of securities violations and complaints. Think what
happens after an investigation (Rule 8000)
District Business Conduct Committee - ANSWER Has initial jurisdiction in handling of complaints.
Penalties the DBCC & Board of Governors can impose - ANSWER Censure, fine, suspend, expel, bar
FINRA Rule IM-3110 - ANSWER Defines complaint, says each OSJ must maintain a record of
complaints and any action taken.
Complaint - ANSWER Any written statement of a customer or any person acting on behalf of the
customer alleging a grievance
Code of Procedure - ANSWER Deals with rules that cover actions by FINRA against member firms and
their associated people
Code of Arbitration - ANSWER requires disputes be submitted for arbitration. Includes member and
customer and/or associated person
Director of Mediation - ANSWER Person appointed by FINRA to administer proceedings
, FINRA Rule 3020 - ANSWER Blanket fidelity bond. Minimum coverage amount is $25,000. Think
2=$25,000.
FINRA Rule 3030 - ANSWER Outside business activities. Must be written notification.
FINRA Rule 3040 - ANSWER Private securities transactions. Written notice must include:
1. proposed transaction
2. proposed role
3. compensation conditons
Selling away - ANSWER transaction affected outside the normal business of an associated person's
employment. Not recorded on books or records. Is a violation of conduct rules.
FINRA Rule 3050 - ANSWER Transactions for or by associated people. Must have duplicate copies of
confirms, statements, and other documentation. Must notify employer in writing prior to certain
transactions.
FINRA Rule 3060 - ANSWER Penalty for bribing a foreign official is $100,000 fine & 5 yrs or both for a
person, $2mil for a business.
FINRA Rule 3070 - ANSWER Must promptly report suspension, barring, fines over $2500, named as a
defendant or respondent, associating with someone subject to statutory disqualification.
Information required in a prospectus - ANSWER Investment objectives, policies, and restrictions,
sales loads & fees, expense table, breakpoints, rights of accumulations, LOI's, exchange privileges,
per share income & capital charges, methods of sale, methods of redemption, investment &
withdrawal plans, financial statments
SEC Rule 134 - ANSWER Tombstone ads. Not considered advertising
SEC Rule 156 - ANSWER Sales literature. Any communication used by any person to offer or sell or
induce the sale of securities
Rule 34b-1 (Act of '40) - ANSWER Sales literature deemed to be misleading
QUESTIONS AND CORRECT ANSWERS |ALREADY GRADED
A+||BRAND NEW VERSION!
FINRA Rule 3010 - ANSWER Rule that states each member must:
I. Establish written supervisory procedures
II. A registered principal is responsible for reviewing 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 - ANSWER 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 - ANSWER Covers handling of securities violations and complaints. Think what
happens after an investigation (Rule 8000)
District Business Conduct Committee - ANSWER Has initial jurisdiction in handling of complaints.
Penalties the DBCC & Board of Governors can impose - ANSWER Censure, fine, suspend, expel, bar
FINRA Rule IM-3110 - ANSWER Defines complaint, says each OSJ must maintain a record of
complaints and any action taken.
Complaint - ANSWER Any written statement of a customer or any person acting on behalf of the
customer alleging a grievance
Code of Procedure - ANSWER Deals with rules that cover actions by FINRA against member firms and
their associated people
Code of Arbitration - ANSWER requires disputes be submitted for arbitration. Includes member and
customer and/or associated person
Director of Mediation - ANSWER Person appointed by FINRA to administer proceedings
, FINRA Rule 3020 - ANSWER Blanket fidelity bond. Minimum coverage amount is $25,000. Think
2=$25,000.
FINRA Rule 3030 - ANSWER Outside business activities. Must be written notification.
FINRA Rule 3040 - ANSWER Private securities transactions. Written notice must include:
1. proposed transaction
2. proposed role
3. compensation conditons
Selling away - ANSWER transaction affected outside the normal business of an associated person's
employment. Not recorded on books or records. Is a violation of conduct rules.
FINRA Rule 3050 - ANSWER Transactions for or by associated people. Must have duplicate copies of
confirms, statements, and other documentation. Must notify employer in writing prior to certain
transactions.
FINRA Rule 3060 - ANSWER Penalty for bribing a foreign official is $100,000 fine & 5 yrs or both for a
person, $2mil for a business.
FINRA Rule 3070 - ANSWER Must promptly report suspension, barring, fines over $2500, named as a
defendant or respondent, associating with someone subject to statutory disqualification.
Information required in a prospectus - ANSWER Investment objectives, policies, and restrictions,
sales loads & fees, expense table, breakpoints, rights of accumulations, LOI's, exchange privileges,
per share income & capital charges, methods of sale, methods of redemption, investment &
withdrawal plans, financial statments
SEC Rule 134 - ANSWER Tombstone ads. Not considered advertising
SEC Rule 156 - ANSWER Sales literature. Any communication used by any person to offer or sell or
induce the sale of securities
Rule 34b-1 (Act of '40) - ANSWER Sales literature deemed to be misleading
