Series 7 Exam Question 156: Answer and Explanation

Question: 156

According to FINRA rules, complaints must be maintained on records of brokerage firms for at least

• A. 2 years
• B. 3 years
• C. 4 years
• D. 6 years

Correct Answer: C

Explanation:

C. According to FINRA rules, complaints must be maintained by brokerage firms on their records for at least four years. Under MSRB rules, complaints must be kept for a minimum of six years.