SIE Overview of the Regulatory Framework Question 21: Answer and Explanation

Question: 21

Which of the following may FINRA impose as a penalty named in Rule 8310 Sanctions for Violation of the Rules?

• A. Prison sentence in a state facility
• B. Prison sentence in a federal facility
• C. Loss of the right to vote in a national election
• D. Censure

Correct Answer: D

Explanation:

D: Choice D is correct because FINRA Rule 8310 allows any other appropriate penalty to be imposed. Choices A, B, and C are incorrect because they are not named in FINRA Rule 8310.