SIE practice questionhardReporting regulatory investigations
A broker-dealer is under investigation by a state regulator. What must it do?
- ANo reporting is required
- BReport only to the state regulator
- CNotify SIPC
- DReport the investigation to FINRA per Rule 4530✓ Correct answer
Explanation
Why D — Report the investigation to FINRA per Rule 4530
FINRA must be notified of any regulatory investigation of a broker-dealer.
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