Series 79 practice questionmediumBusiness Continuity Planning
A firm is updating its business continuity plan. Which of the following must the plan specifically address according to FINRA Rule 4370?
- AThe firm’s marketing strategies during outages
- BA detailed list of all personnel home addresses
- CAlternate means of communication with customers and employees✓ Correct answer
- DA five-year financial forecast
Explanation
Why C — Alternate means of communication with customers and employees
FINRA Rule 4370 requires business continuity plans to include alternate communication methods for customers and employees. The trap is thinking unrelated business functions are required components.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 477+ Series 79 questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Related Section 4 questions
- Which of the following is a potential civil penalty the SEC may impose on individuals violating securities laws?
- Under the misappropriation theory of insider trading, which of the following individuals could be held liable?
- Which of the following is required to ensure research analyst independence under FINRA rules and the Global Settlement?
- An investment banking analyst learns about a pending acquisition while working on the deal and shares this information…