Finra Series-6 Exam - Topic 3 Question 57 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 57
Topic #: 3

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 Delmy at Mar 19, 2023, 10:16 PM

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Jennie

4 months ago

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

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Thersa

4 months ago

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

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Alex

4 months ago

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

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Mindy

4 months ago

Totally agree, arbitration is the way to go here.

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Shizue

4 months ago

Ari can only go to arbitration, not civil court.

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Susana

5 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.

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Tesha

5 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.

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Yolando

5 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.

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Willis

5 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.

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Mica

5 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?

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Lemuel

5 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.

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Pearly

5 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.

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Lelia

5 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.

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Fidelia

5 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.

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Alaine

5 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.

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Tom

5 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.

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