Question 1
A registered representative is charged with a felony. Within how many days must his Form U4 be updated?
SIE section 4: Overview of the Regulatory Framework
Seven questions on the rules for the people who work in the industry: registering, reporting and behaving.
| Questions | 7 of 75 (9%) |
|---|---|
| Main topics | Registration and continuing education, employee conduct, reportable events |
What comes up
- Form U4 to register, kept current within 30 days; Form U5 when a person leaves
- Fingerprinting, background checks and statutory disqualification
- The annual Regulatory Element of continuing education
- Outside business activities, private securities transactions, gifts ($300 under FINRA Rule 3220) and political contributions
Try 3 questions
Question 2
A registered representative wants a paid weekend job selling insurance for an unaffiliated insurance agency. What must he do under FINRA's outside activity rules?
Question 3
Under FINRA Rule 3220, what is the most a representative may give in gifts to a person at another firm in a year, in connection with business?
Next step
Questions people ask
What is the FINRA gift limit?
$300 per person per year under FINRA Rule 3220. The MSRB raised its Rule G-20 limit to $300 for FINRA member dealers from 1 June 2026.
How often is continuing education due?
The Regulatory Element is due every year by December 31 for registered persons.