Series 10 Exam Question 15: Answer and Explanation

Question: 15

As it relates to a member firm's annual compliance review, which of the following is NOT true?

• A. All branch offices must be directly inspected by the member.
• B. All registered representatives are subject to the review.
• C. All OSJs must be directly inspected by the member.
• D. All branch offices do not need to be directly inspected by the member.

Correct Answer: A

Explanation:

All branch offices are not required to be directly inspected by the firm. By inspecting the OSJ, the firm is inspecting the branch as well.