TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Lesson 13: FINRA Registration Exam
Practice Questions and Answers
Regulatory Overview - Answer✔️✔️-
RR Registration Process - Answer✔️✔️-
If a rep is associated with broker-dealer A and leaves and begins to work for Broker-
Dealer B what regulatory filings must be completed? - Answer✔️✔️-Form U5 then Form
U4
(Form U5 = to leave and Form U4 = to associate)
How much time may elapse when an individual is not affiliated with a member firm
before a securities industry essential credential will lapse? - Answer✔️✔️-4 years
How much time may elapse when an individual is not affiliated with a member firm
before a top-off series exam credential will lapse - Answer✔️✔️-2 years
BrokerCheck Disclosure - Answer✔️✔️-Brokercheck discloses the background of
brokers, advisers, and investment firms to the public
-employment history
-licensing information & regulatory action
-arbitrations
-complaints
1/6
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
ANNUAL notification to customers
-FINRA brokercheck hotline
-FINRA website address
-Investor brochure
Statutory Disqualification - Answer✔️✔️-Statutory Disqualification prevents a person or
firm from becoming registered
10 year ban for:
-felony conviction (any type)
-misdemeanor conviction involving securities, investments, fraud, or other unethical
activities
-explusion from other SROs
-violations of federal securities laws
Q: a rep convicted of securities fraud 12 years ago is subject to SD?
-FALSE > 10 years
Q: a rep convicted of felony assault fraud 8 years ago is subject to a SD?
A: true, felony < 10 years ago
a rep convicted of securities fraud 12 years ago is subject to SD? - Answer✔️✔️--FALSE
> 10 years
2/6
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Lesson 13: FINRA Registration Exam
Practice Questions and Answers
Regulatory Overview - Answer✔️✔️-
RR Registration Process - Answer✔️✔️-
If a rep is associated with broker-dealer A and leaves and begins to work for Broker-
Dealer B what regulatory filings must be completed? - Answer✔️✔️-Form U5 then Form
U4
(Form U5 = to leave and Form U4 = to associate)
How much time may elapse when an individual is not affiliated with a member firm
before a securities industry essential credential will lapse? - Answer✔️✔️-4 years
How much time may elapse when an individual is not affiliated with a member firm
before a top-off series exam credential will lapse - Answer✔️✔️-2 years
BrokerCheck Disclosure - Answer✔️✔️-Brokercheck discloses the background of
brokers, advisers, and investment firms to the public
-employment history
-licensing information & regulatory action
-arbitrations
-complaints
1/6
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
ANNUAL notification to customers
-FINRA brokercheck hotline
-FINRA website address
-Investor brochure
Statutory Disqualification - Answer✔️✔️-Statutory Disqualification prevents a person or
firm from becoming registered
10 year ban for:
-felony conviction (any type)
-misdemeanor conviction involving securities, investments, fraud, or other unethical
activities
-explusion from other SROs
-violations of federal securities laws
Q: a rep convicted of securities fraud 12 years ago is subject to SD?
-FALSE > 10 years
Q: a rep convicted of felony assault fraud 8 years ago is subject to a SD?
A: true, felony < 10 years ago
a rep convicted of securities fraud 12 years ago is subject to SD? - Answer✔️✔️--FALSE
> 10 years
2/6
