Finra Exam Series-6 Topic 9 Question 86 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 86
Topic #: 9

[All Series-6 Questions]

The fees that member firms must pay to FINRA are based on:

i. the total market value of its assets.

ii. the number of registered representatives it employs.

iii. the number of branch offices it has.

AI only

BI and III only

CII and III only

DI, II, and III

Show Suggested Answer

Suggested Answer: D

Upon receiving a complaint about one of its member firms, FINRA may require any person associated with the member firm to provide information and to testify under oath; it may inspect and copy the books, records, and accounts of the member firm; and it may share information obtained from its investigation of a member firm with a foreign regulatory agency. The foreign regulator must agree to treat the information confidentiality, and the agreement with the foreign regulator is predicated on two requirements: ''(A) the other regulator party to the agreement must have jurisdiction over common regulatory matters; and (B) the agreement must require the other regulator to reciprocate and share with FINRA information of regulatory interest or concern to FINRA.''

by Omer at Sep 12, 2024, 04:51 PM

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Chauncey

1 months ago

I'm just hoping I can pass this exam and never have to think about FINRA fees again. Eeny, meeny, miny, moe... D it is!

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Selma

1 days ago

Yes, D includes all the factors that determine the fees member firms must pay to FINRA.

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Ashlee

9 days ago

I agree, D is the correct answer.

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Celia

15 days ago

D it is!

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Shaun

16 days ago

I'm just hoping I can pass this exam and never have to think about FINRA fees again.

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Fidelia

1 months ago

This is like a trick question or something. I bet the real answer is that the fees are based on how many doughnuts the FINRA staff can eat in a day. Option D it is!

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Frederica

1 months ago

Wait, they charge us for having more branch offices? That's just wrong, man. I'm going with option B out of principle.

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Ming

1 months ago

Huh, I thought the fees were just based on the firm's total assets. Looks like I need to brush up on my FINRA knowledge. Option A seems a bit too simple, so I'll go with D just to be safe.

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Rebeca

3 days ago

I agree, I think it's based on more than just total assets.

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Dean

1 months ago

I'm pretty sure the fees are based on the number of registered reps and branch offices, but I'm not sure about the total asset value. I'll have to go with option C.

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Kina

9 days ago

User 3: Same here, I think that's the right choice.

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Viola

12 days ago

User 2: Yeah, I agree. I'm going with option C, II and III only.

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Theodora

13 days ago

User 1: I think the fees are based on the number of registered representatives and branch offices.

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King

2 months ago

The fees are definitely based on all three factors - the firm's total assets, the number of registered reps, and the number of branch offices. Option D is the correct answer.

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