TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
SIE- FINRA Exam Study Guide with
Complete Solutions
FINRA - Answer✔️✔️-Financial Industry Regulatory Authority. product of NYSE and
NASD merging.
Formed in mid 2007
REGISTERED REPRESENTATIVE - Answer✔️✔️-any person who accepts or solicits
orders to buy or sell.
any individual that makes a recommendation to a customer or who performs a suitability
determination for a customer.
who must be registered - Answer✔️✔️-sales personnel
operating officers of the broker-dealer
securities traders
client-facing back office personnel.
U4 form - Answer✔️✔️-Must be filed to register with any SRO and be filed with the
Central Registration Depository.
Disqualified from U4 if any of these apply to you:
1. False reports.
2. Bribery
1/5
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
3. Perjury
4. ANY other felony. Banned for 10 years and needs waiver to be hired
All this info is entered into the Central Registration Depository (CRD) database run by
FINRA.
continuing education requirements - Answer✔️✔️-training session reviewing regulations
be completed on 2nd anniversary of registration and every 3 year thereafter. If
incomplete, license is inactive without pay.
Annual training needed.
Annual compliance review must be attended by all registered persons.
broker check website - Answer✔️✔️-P rovides info on broker's employment history
brokers licenses
broker's complaint and disciplinary record
Broker's outside business activities
options transaction costs - Answer✔️✔️-are significantly higher than for other
investments. costs associated can significantly reduce or eliminate gain on an options
contract, sometime even a loss.
if member firm is publicly traded, cannot recommend - Answer✔️✔️-representative
cannot solicit order to buy that member firm's stock. however unsolicited customer
orders may be taken.
2/5
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
SIE- FINRA Exam Study Guide with
Complete Solutions
FINRA - Answer✔️✔️-Financial Industry Regulatory Authority. product of NYSE and
NASD merging.
Formed in mid 2007
REGISTERED REPRESENTATIVE - Answer✔️✔️-any person who accepts or solicits
orders to buy or sell.
any individual that makes a recommendation to a customer or who performs a suitability
determination for a customer.
who must be registered - Answer✔️✔️-sales personnel
operating officers of the broker-dealer
securities traders
client-facing back office personnel.
U4 form - Answer✔️✔️-Must be filed to register with any SRO and be filed with the
Central Registration Depository.
Disqualified from U4 if any of these apply to you:
1. False reports.
2. Bribery
1/5
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
3. Perjury
4. ANY other felony. Banned for 10 years and needs waiver to be hired
All this info is entered into the Central Registration Depository (CRD) database run by
FINRA.
continuing education requirements - Answer✔️✔️-training session reviewing regulations
be completed on 2nd anniversary of registration and every 3 year thereafter. If
incomplete, license is inactive without pay.
Annual training needed.
Annual compliance review must be attended by all registered persons.
broker check website - Answer✔️✔️-P rovides info on broker's employment history
brokers licenses
broker's complaint and disciplinary record
Broker's outside business activities
options transaction costs - Answer✔️✔️-are significantly higher than for other
investments. costs associated can significantly reduce or eliminate gain on an options
contract, sometime even a loss.
if member firm is publicly traded, cannot recommend - Answer✔️✔️-representative
cannot solicit order to buy that member firm's stock. however unsolicited customer
orders may be taken.
2/5
