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After Three Warnings, Honest Broker-Dealer Was Forced to Terminate Sly

Question 118

Multiple Choice

After three warnings, Honest Broker-Dealer was forced to terminate Sly Conman, one of its representatives, for making inaccurate statements when offering its mutual fund products to customers. After his registration is terminated:


A) Mr. Conman can apply for reinstatement of his license after 12 months.
B) Mr. Conman remains under the jurisdiction of FINRA for a period of 1 year.
C) Mr. Conman remains under the jurisdiction of FINRA for a period of 2 years.
D) Mr. Conman can apply for reinstatement of his license after 6 months, but will have to pay any applicable fees and retake a test.

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