Practice Quiz

FINRA Series 6

Category - Series 6

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Which of the following is not one of the purposes of FINRA as stated in its articles of incorporation?
  1. maintain a fair and orderly securities market
  2. encourage members to uphold high ethical standards
  3. develop lines of communication between the securities industry and governmental agencies
  4. police members and assist with dispute settlements
Explanation
Answer: A - FINRA’s articles of incorporation does not state that one of FINRA’s purposes is to maintain a fair and orderly securities market. All the other selections are stated purposes. The articles of incorporation also state that FINRA has the power to write and enforce rules for its members to promote fair practices.
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