SIE practice questionhardReporting regulatory complaints
If a regulatory agency files a complaint against a firm, what is the correct reporting procedure?
- ANo reporting is required
- BNotify only the SEC
- CWait until the complaint is resolved
- DReport to FINRA under Rule 4530 within 30 days✓ Correct answer
Explanation
Why D — Report to FINRA under Rule 4530 within 30 days
Rule 4530 requires firms to report regulatory complaints within 30 days.
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