SIE practice questionmediumSEC/FINRA - Reporting Requirements
Failure to file required suspicious activity reports (SARs) regarding potential insider trading would be:
- AA violation of SEC and FINRA rules✓ Correct answer
- BA permitted omission
- CBest execution
- DA margin violation
Explanation
Why A — A violation of SEC and FINRA rules
SARs are federally required; failing to file them when required is a serious violation. Best execution and margin are unrelated, and omission is never permitted.
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