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According to FINRA Conduct Rules, a party judged guilty of a rule infraction by the District Business Conduct Committee may then appeal to:
Suggested Answer: D
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38 comments · newest first
FR
Freeman
11 months ago
No way, I thought public courts were involved in these cases!
EL
Eladia
11 months ago
I thought it was the Board of Arbitration.
BU
Buddy
12 months ago
Wait, can you really appeal to the SEC? That seems off.
WY
Wynell
12 months ago
Definitely B! Makes sense to appeal to them.
LA
Lashawn
1 year ago
It's the FINRA Board of Governors, right?
BI
Billy
1 year ago
I’m not confident, but I feel like the public court system isn’t the right answer here. It seems more like an internal FINRA process.
JA
Janey
1 year ago
I recall a practice question where we discussed the appeal process, and I think it was the FINRA Board of Governors. That sounds right to me.
JO
Josephine
1 year ago
I’m a bit confused. I thought appeals could go to the SEC, but I might be mixing it up with other regulatory processes.
TR
Trevor
1 year ago
I think the appeal goes to the FINRA Board of Governors, but I’m not entirely sure. I remember something about that from our review sessions.
LE
Leslie
1 year ago
Okay, I've got this. The question states that the party found guilty by the District Business Conduct Committee can then appeal. Based on my knowledge of FINRA's structure, I believe the correct answer is the FINRA Board of Governors.
GE
Gerry
1 year ago
Hmm, I'm a bit unsure about this one. I know FINRA has some kind of appeals process, but I can't remember the specifics off the top of my head. I'll need to re-read the question carefully and think through the options.
JA
Jarod
1 year ago
I'm pretty sure this is asking about the appeals process for FINRA rule infractions, so I'll focus on reviewing the FINRA Conduct Rules to determine the correct appeals body.
ME
Merrilee
1 year ago
I'm feeling a little lost on this one. FINRA rules and regulations can be tricky to navigate. I'll try to eliminate the options that don't seem right, but I'm not super confident in my final answer.
CH
Chaya
1 year ago
I'm confident I can nail this question. Fiber optics are way more secure than other options because the data is transmitted through light in a closed system, making it extremely difficult to tap into.
AL
Albina
1 year ago
Hmm, I'm not sure about this one. I know Excel can handle a variety of file formats, but I'm not totally familiar with the differences between them. I'll have to think this through carefully.
DO
Donte
1 year ago
This is a good test of my knowledge. I'll carefully consider each option and try to eliminate the ones that don't fit based on my understanding of production activity control.
VI
Virgie
2 years ago
I'm just glad the answer isn't 'all of the above'. That would be like playing legal Twister.
TO
Tomoko
1 year ago
D) the FINRA Board of Arbitration
RO
Rosendo
1 year ago
B) the FINRA Board of Governors
KA
Kayleigh
1 year ago
D) the FINRA Board of Arbitration
CU
Curtis
1 year ago
A) the SEC
DA
Dawne
1 year ago
B) the FINRA Board of Governors
SO
Sommer
2 years ago
A) the SEC
DO
Dorothy
2 years ago
A, the SEC? That would be like appealing to your boss's boss's boss. Talk about a long shot!
HA
Halina
2 years ago
D, the FINRA Board of Arbitration? Wait, I thought that was for resolving disputes, not appeals. Maybe I've been watching too many courtroom dramas.
LO
Lore
2 years ago
Hmm, I was leaning towards C, the public court system. But I guess FINRA likes to keep things in-house.
MA
Marcelle
1 year ago
D) the FINRA Board of Arbitration
AL
Almeta
1 year ago
B) the FINRA Board of Governors
TA
Tashia
2 years ago
A) the SEC
RO
Roy
2 years ago
I'm not sure, but I think the answer might be A) the SEC.
JA
Jacki
2 years ago
I'm pretty sure the answer is B, the FINRA Board of Governors. That's the standard appeals process, right?
LE
Leonida
2 years ago
That's right, the FINRA Board of Governors is the next step in the appeals process.
JE
Jennifer
2 years ago
Yes, you're correct. The FINRA Board of Governors is where the appeal would go.
AD
Adolph
2 years ago
I agree with Margarita. The FINRA Board of Arbitration is the correct choice for appeal.
MA
Margarita
2 years ago
I think the answer is D) the FINRA Board of Arbitration.
AD
Adria
2 years ago
I'm not sure, but I think it makes sense to appeal to the FINRA Board of Governors for a fair review of the judgment.
AL
Alaine
2 years ago
I agree with Viola, because the FINRA Board of Governors is the next level of appeal after the District Business Conduct Committee.
VI
Viola
2 years ago
I think the answer is B) the FINRA Board of Governors.