SIE practice questionhardFINRA Rules - Supervisory Procedures
A broker-dealer fails to supervise its registered representatives. This is a violation of:
- AMunicipal bond underwriting standards
- BRegulation S
- CFederal Reserve margin rules
- DFINRA rules requiring adequate supervisory procedures✓ Correct answer
Explanation
Why D — FINRA rules requiring adequate supervisory procedures
FINRA mandates supervision of reps. Reg S is unrelated, as are margin and muni underwriting rules.
Turn it into reps
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