Discuss Finra Series-6 Exam Topic 3 Question 57

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.

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.

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16 comments · newest first

Jennie 12 months ago

I think both B and C can't be true at the same time.

Thersa 1 year ago

Six years to submit? That's a long time!

Alex 1 year ago

Wait, can he really sue after arbitration? That seems off.

Mindy 1 year ago

Totally agree, arbitration is the way to go here.

Shizue 1 year ago

Ari can only go to arbitration, not civil court.

Susana 1 year 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.

Tesha 1 year 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.

Yolando 1 year 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.

Willis 1 year ago

I remember something about arbitration being mandatory in certain cases, but I’m not sure if Ari can go to court after arbitration.

Mica 1 year 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?

Lemuel 1 year 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.

Pearly 1 year 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.

Lelia 1 year 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.

Fidelia 1 year 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.

Alaine 1 year 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.

Tom 1 year 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.

Finra Series-6 Exam - Topic 3 Question 57 Discussion