FINRA COMPLETE QUESTIONS WITH CORRECT ANSWERS

FINRA COMPLETE QUESTIONS WITH
CORRECT ANSWERS


SEC Rule 17a-5(d)(1)(i) - CORRECT ANSWER-
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requires every broker or dealer registered to file a certified annual
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kaudit no later than 60 calendar days from their designated fiscal y
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ear end k




A completed SEC form X-17A-5, Part III, - CORRECT ANSWER-
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Document used to identify annual audit reports & must accompan
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y the annual audit.
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The form contains space for a firm's name and address, the name
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and address of an accountant, the oath or affirmation, and a chec
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klist of items included in the report.
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Filing this report that they can receive confidential treatment for al
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l parts other than the statement of financial condition. Member fir
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ms desiring such confidential treatment should review the provisi
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ons of subparagraph (e)(3) of SEC Rule 17a-
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5. Any portion that you wish to be treated as confidential should b
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e bound separately from the statement of financial condition.
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2 copies of the audited report must be filed with the Principal Offic
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e of the SEC in Washington, DC, one copy to the appropriate Reg
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ional/District Office of the SEC, and one copy to FINRA submitted k k k k k k k k k k


kthrough the Firm Gateway annual audit electronic submission int
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erface. The audit must be submitted to FINRA in Portable Docum
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ent Format (PDF).
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Extension request need to be done in writing k k k k k k k

, Rule 4530 - CORRECT ANSWER- k k k k


requires firms to report to FINRA certain specified events and qua
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rterly statistical and summary information regarding written custo
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mer complaints. k




FINRA Rule 4530 was modeled after NASD Rule 3070 and NYS
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E Rule 351. Any matter that becomes subject to reporting or filing
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prior to July 1, 2011, must be reported or filed in accordance with t
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he requirements of NASD Rule 3070 and NYSE Rule 351, as app
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licable, including the reporting and filing deadlines of those rules.
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Any matter that becomes subject to reporting or filing on or after J
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uly 1, 2011, must be reported or filed in accordance with the requi
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rements of FINRA Rule 4530 k k k k




Report no later than 30 calendar days after the firm knows or sho
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uld have known of their existence.
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Must report within 30 calendar days after the firm has concluded,
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or reasonably should have concluded, on its own that the firm or a
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n associated person of the firm has violated any securities-
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, insurance-, commodities-, financial- or investment-
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related laws, rules, regulations or standards of conduct of any do
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mestic or foreign regulatory body or self-regulatory organization.
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The statistical and summary information regarding customer com
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plaints is due quarterly by the 15th calendar day from the end of th
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e quarter.
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Must be filed electronically via the Regulatory Filings Application
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on the FINRA Firm Gateway
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Short Interest Reporting - CORRECT ANSWER-
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New Exchange/Market Code for Reporting Short Interest Positio
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ns
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Effective December 15, 2011, FINRA's Web- k k k k k


based Regulation Filing Applications (RFA) will include a new exc
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