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

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Investment Company and Variable Contracts Products Principals Exam with our interactive quiz. Master key concepts with multiple choice questions designed to enhance your understanding and boost your confidence for the Series 26.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

When must firms start complying with the Taping Rule after receiving FINRA notification?

15 days
30 days
60 days
90 days

The correct answer is: 30 days

Firms must comply with the Taping Rule within 30 days of receiving notification from FINRA. This rule is part of the regulatory oversight aimed at increasing monitoring and transparency in broker-dealer operations, specifically targeting firms that have been found to have inadequate supervision or compliance issues. The 30-day timeline sets a clear and specific expectation for firms to implement necessary changes and upgrades to their communication practices to ensure compliance with regulatory standards. Adhering to this timeframe is crucial for firms to avoid further penalties or negative scrutiny from regulatory bodies.