Series 52: Exercise

Exercise

Fill in the blank

1. Broker-dealers must retain an associated person’s Form U-4 in its records for at least _____ after that person has stopped working for the firm.

2. Registered personnel must participate in continuing education programs, which include both a regulatory element and a _____ element.

3. The SEC and other governing regulatory agencies may censure or suspend a dealer for a period up to 12 months or revoke their registration for engaging in prohibited conduct if the regulators determine it is _____.