SIE practice questionhardSRO Fines and Penalties
If an SRO fines a member for a rule violation, where does the money go?
- ADirectly to harmed investors
- BBack to the SRO✓ Correct answer
- CTo FINRA’s political action committee
- DTo lower member dues
Explanation
Why B — Back to the SRO
SRO fines are typically retained by the SRO, not distributed to investors.
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