Investment Company and. Variable Contracts Products Principals (Series 26) Practice Exam

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How quickly must a member report to FINRA if an associated person commits various law infractions?

15 days
30 days
45 days
60 days

The correct answer is: 30 days

The requirement for a member to report to FINRA if an associated person commits law infractions is set at 30 days. This stipulation is part of the broader regulatory framework to ensure that firms maintain transparent communication regarding the conduct of their employees. By mandating a 30-day reporting window, FINRA allows sufficient time for firms to conduct internal investigations or inquiries about the incident while ensuring that the regulatory body is promptly informed about any potentially serious issues that could affect the integrity of the market. Timely reporting is essential for maintaining industry standards and protecting investors.