Practice Quiz

FINRA Series 6

Category - Series 6

Start a Study Session Sign up for Question of the Day
You have just become a licensed registered representative with Fine, Howard, Fine and Associates, a broker-dealer.(Congratulations!) You have had a brokerage account with Anon Brokerage for the past ten years. In this instance, you are required to:
  1. transfer the assets in your account with Anon to a Fine, Howard, Fine account and close your account with Anon.
  2. provide Fine, Howard, Fine with written notification of this fact.
  3. provide Anon Brokerage with written notification of your association with Fine, Howard, Fine.
  4. The actions described in both B and C are requirements.
Explanation
Answer: D - If you have an account with another member firm upon becoming associated with a member firm, you are required to provide both the firm with which you have your account and your new employer in writing of the fact.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz