SIE practice questionhardReporting regulatory fines
A firm receives a regulatory fine of $10,000. What must be done?
- ANo reporting is required
- BNotify only the SEC
- CReport to the Federal Reserve
- DReport the fine to FINRA under Rule 4530✓ Correct answer
Explanation
Why D — Report the fine to FINRA under Rule 4530
Material regulatory fines must be reported to FINRA under Rule 4530.
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