FINRA SERIES 26 EXAM QUESTIONS AND ANSWERS | 2026 | GUARANTEED SUCCESS

FINRA SERIES 26 EXAM QUESTIONS AND ANSWERS | 2026 | GUARANTEED SUCCESS FINRA Rule 3010 - answer-Rule that states each member must: I. Establish written supervisory procedures II. A registered principal is responsible for reviewing procedures III. Each rep is assigned to a principal in charge of supervising their activities, review of communication, & correspondence bw reps & the public FINRA Rule 8000 - answer-Investigations & Sanctions. Must keep and maintain a current copy of the manual in a readily accessible place and provide it at a customer's request. FINRA Rule 9000 - answer-Covers handling of securities violations and complaints. Think what happens after an investigation (Rule 8000) District Business Conduct Committee - answer-Has initial jurisdiction in handling of complaints. Penalties the DBCC & Board of Governors can impose - answer-Censure, fine, suspend, expel, bar FINRA Rule IM-3110 - answer-Defines complaint, says each OSJ must maintain a record of complaints and any action taken. Complaint - answer-Any written statement of a customer or any person acting on behalf of the customer alleging a grievance Code of Procedure - answer-Deals with rules that cover actions by FINRA against member firms and their associated peopleCode of Arbitration - answer-requires disputes be submitted for arbitration. Includes member and customer and/or associated person Director of Mediation - answer-Person appointed by FINRA to administer proceedings FINRA Rule 3020 - answer-Blanket fidelity bond. Minimum coverage amount is $25,000. Think 2=$25,000. FINRA Rule 3030 - answer-Outside business activities. Must be written notification. FINRA Rule 3040 - answer-Private securities transactions. Written notice must include: 1. proposed transaction 2. proposed role 3. compensation conditons Selling away - answer-transaction affected outside the normal business of an associated person's employment. Not recorded on books or records. Is a violation of conduct rules. FINRA Rule 3050 - answer-Transactions for or by associated people. Must have duplicate copies of confirms, statements, and other documentation. Must notify employer in writing prior to certain transactions. FINRA Rule 3060 - answer-Penalty for bribing a foreign official is $100,000 fine & 5 yrs or both for a person, $2mil for a business. FINRA Rule 3070 - answer-Must promptly report suspension, barring, fines over $2500, named as a defendant or respondent, associating with someone subject to statutory disqualification. Information required in a prospectus - answer-Investment objectives, policies, and restrictions, sales loads & fees, expense table, breakpoints, rights of accumulations, LOI's, exchange privileges, per share income & capital charges, methods of sale, methods of redemption, investment & withdrawal plans, financial statmentsSEC Rule 134 - answer-Tombstone ads. Not considered advertising SEC Rule 156 - answer-Sales literature. Any communication used by any person to offer or sell or induce the sale of securities Rule 34b-1 (Act of '40) - answer-Sales literature deemed to be misleading