Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Finra Series-6 Exam - Topic 3 Question 57 Discussion

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:
C) Ari has six years to submit his claim to arbitration.
A) Ari 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
B) Savvy in a civil court of law.
D) both B and C are true statements.

Finra Series-6 Exam - Topic 3 Question 57 Discussion

Actual exam question for Finra's Series-6 exam
Question #: 57
Topic #: 3
[All Series-6 Questions]

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:

Show Suggested Answer Hide 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 Delmy at Mar 19, 2023, 10:16 PM

Limited Time Offer

25%

Off

Get Premium Series-6 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Jennie
10 months ago
I think both B and C can't be true at the same time.
upvoted 0 times
...
Thersa
10 months ago
Six years to submit? That's a long time!
upvoted 0 times
...
Alex
10 months ago
Wait, can he really sue after arbitration? That seems off.
upvoted 0 times
...
Mindy
11 months ago
Totally agree, arbitration is the way to go here.
upvoted 0 times
...
Shizue
11 months ago
Ari can only go to arbitration, not civil court.
upvoted 0 times
...
Susana
11 months ago
I believe option D could be correct since both B and C seem plausible, but I’m not entirely confident about the specifics of the arbitration process.
upvoted 0 times
...
Tesha
11 months ago
I’m a bit confused about whether he can sue after arbitration. I thought once you choose arbitration, you can’t go back to court.
upvoted 0 times
...
Yolando
11 months ago
I think I practiced a question similar to this where the timeframe for submitting claims was mentioned. I feel like six years sounds familiar for arbitration claims.
upvoted 0 times
...
Willis
11 months ago
I remember something about arbitration being mandatory in certain cases, but I’m not sure if Ari can go to court after arbitration.
upvoted 0 times
...
Mica
11 months ago
I recall that both B and C could be true in some contexts, but I’m not confident about the specifics. Maybe option D is the right choice?
upvoted 0 times
...
Lemuel
11 months ago
I'm not entirely sure, but I think if Ari goes to arbitration, he can't just switch to a civil court later. That makes me doubt option A.
upvoted 0 times
...
Pearly
11 months ago
I feel like there was a practice question about the time limits for arbitration claims. I think it was something like six years, which makes me lean towards option C.
upvoted 0 times
...
Lelia
11 months ago
I remember that under FINRA rules, once you choose arbitration, you usually can't go back to court if you're unhappy with the decision. So, I think option A might be tricky.
upvoted 0 times
...
Fidelia
11 months ago
This looks like a tricky deduplication question. I'll need to carefully read through the options and think about how the Oceanstor V3 file system handles deduplication and compression.
upvoted 0 times
...
Alaine
11 months ago
I'm pretty confident that the correct answer is Option D. The question specifically mentions the Oracle Solaris 11 environment, and in that version, updates are distributed as packages to an OS image, which are then installed using the pkg command.
upvoted 0 times
...
Tom
11 months ago
Okay, I think I've got it. The key is the "le 16" (less than or equal to 16) part of option A. That ensures the list covers the entire range from /1 to /16, which is what the question is asking for.
upvoted 0 times
...

Save Cancel