SIE practice questionmediumQuarterly FOCUS report
What is the primary purpose of the FOCUS report filed by broker-dealers?
- ATo register new accounts
- BTo disclose insider trading
- CTo report political contributions
- DTo report financial and operational condition✓ Correct answer
Explanation
Why D — To report financial and operational condition
The FOCUS report provides regulators with periodic information about a broker-dealer's financial and operational status.
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