Series 63 practice questionmediumRegulatory Element Continuing Education
A registered person becomes inactive because the person did not complete the FINRA Regulatory Element by the required deadline. What is the consequence while the person remains inactive?
- AThe person may continue all registered activities for 30 days
- BThe person may not perform or receive compensation for activities requiring registration until the requirement is satisfied✓ Correct answer
- CThe person's securities licenses are permanently revoked
- DThe person must automatically retake every qualification examination
Explanation
Why B — The person may not perform or receive compensation for activities requiring registration until the requirement is satisfied
A person who is inactive for failing to complete the Regulatory Element may not perform, or receive compensation for, activities requiring registration until the continuing-education requirement is satisfied. Inactive status does not itself permanently revoke registrations or automatically require every exam to be retaken.
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