Exercise

Answer the following questions

1. 1. Which of the following is required for both the original and renewal applications for registration of agent?
2. A. U4
3. B. U16
4. C. U5
5. D. U2
6. 2. John is a registered investment banker who leaves the industry and is subject to certain FINRA bylaws. A complaint is filed against John after his registration is cancelled. Which of the following is true?
7. A. A complaint may only be filed against John while he is registered.
8. B. A complaint may be filed against John for up to two years after his resignation.
9. C. A complaint may only be filed against John after he leaves the industry if his license was revoked due to a violation.
10. D. A complaint may be filed against John for up to one year after his resignation.
11. 3. Which of the following are true statements regarding an associated person’s application for registration?
12. I. Every application must be kept current with FINRA, thus making amendments to an original application sometimes necessary.
13. II. Amendments must be filed with FINRA no later than 20 days after learning the circumstances giving rise to such an amendment.
14. III. If an amendment involves statutory disqualification, such amendment must be filed with FINRA no later than 10 days after such disqualifying event occurs.
15. IV. All amendments, regardless of circumstances requiring such amendment to be made, must be filed with FINRA within five business days.
16. A. II and IV
17. B. III and IV
18. C. I and III
19. D. I and II
20. 4. Any applicant for registration has the responsibility to, upon request, provide a copy of his Form U5 to a requesting member within how many days?
21. A. 2 business days
22. B. 5 business days
23. C. 10 calendar days
24. D. 25 calendar days
25. 5. If you leave a registered firm, how soon must the firm supply you with a copy of Form U5?
26. A. P