SIE Exam Question 524: Answer and Explanation

Question: 524

A FINRA member has failed to receive a stock certificate in good form from the selling FINRA firm. Which FINRA bylaw defines good delivery?

• A. Code of Procedure.
• B. Rules of Fair Practice.
• C. Uniform Practice Code.
• D. Code of Arbitration.

Correct Answer: C

Explanation:

C: The Uniform Practice Code regulates the way members conduct business with other members.