SIE Exam Question 76: Answer and Explanation

Question: 76

Within how many days must a member report to FINRA if the member or an associated person of the member is the subject of a written customer complaint involving allegations of theft or misappropriation of funds?

• A. 10 business days
• B. 15 calendar days
• C. 20 business days
• D. 30 calendar days

Correct Answer: D

Explanation:

A member shall promptly report the complaint, no later than 30 calendar days after the member knows or should have known of the existence of the written complaint.