Finra Exam Series-6 Topic 9 Question 63 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 63
Topic #: 9

Ari Gaunt was affiliated with Savvy Investments and was terminated after some of the female representatives associated with Savvy filed sexual harassment complaints against him. Mr. Gaunt believes that he is still due money for some transactions he executed prior to his termination; Savvy believes otherwise. Under FINRA's Code of Arbitration:

AAri may either sue Savvy in a civil court of law or submit his claim to arbitration.if Ari submits his claim for arbitration and is unhappy with the panel's decision, he can then sue

BSavvy in a civil court of law.

CAri has six years to submit his claim to arbitration.

Dboth B and C are true statements.

Show Suggested Answer

Suggested Answer: C

If Mr. Gaunt believes he is still due money from Savvy, and Savvy disagrees, Ari has six years to submit his claim to arbitration under FINRA's Code of Arbitration. Ari cannot sue Savvy in a court of law, and the decision of the arbitration panel is final.

by Nelida at Aug 07, 2023, 10:55 AM

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