Finra Exam Series-7 Topic 3 Question 91 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 91
Topic #: 3

According to FINRA Conduct Rules, a party judged guilty of a rule infraction by the District Business Conduct Committee may then appeal to:

Athe SEC

Bthe FINRA Board of Governors

Cthe public court system

Dthe FINRA Board of Arbitration

Show Suggested Answer

Suggested Answer: D

a fundamental analyst. These analysts are guided by computations about a company's performance using data in annual reports.

by Lashandra at Jun 30, 2024, 05:56 PM

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Virgie

1 months ago

I'm just glad the answer isn't 'all of the above'. That would be like playing legal Twister.

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Dawne

9 days ago

B) the FINRA Board of Governors

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Sommer

26 days ago

A) the SEC

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Dorothy

1 months ago

A, the SEC? That would be like appealing to your boss's boss's boss. Talk about a long shot!

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Halina

1 months 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.

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Lore

1 months ago

Hmm, I was leaning towards C, the public court system. But I guess FINRA likes to keep things in-house.

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Marcelle

18 days ago

D) the FINRA Board of Arbitration

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Almeta

19 days ago

B) the FINRA Board of Governors

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Tashia

26 days ago

A) the SEC

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Roy

2 months ago

I'm not sure, but I think the answer might be A) the SEC.

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Jacki

2 months ago

I'm pretty sure the answer is B, the FINRA Board of Governors. That's the standard appeals process, right?

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Leonida

28 days ago

That's right, the FINRA Board of Governors is the next step in the appeals process.

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Jennifer

1 months ago

Yes, you're correct. The FINRA Board of Governors is where the appeal would go.

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Adolph

2 months ago

I agree with Margarita. The FINRA Board of Arbitration is the correct choice for appeal.

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Margarita

2 months ago

I think the answer is D) the FINRA Board of Arbitration.

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Adria

2 months 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.

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Alaine

2 months ago

I agree with Viola, because the FINRA Board of Governors is the next level of appeal after the District Business Conduct Committee.

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Viola

2 months ago

I think the answer is B) the FINRA Board of Governors.

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