Series 14 Practice Questions - Compliance Official Qualification Examination Exam

According to FINRA Rule 3120, what is the purpose of a Written Supervisory Procedures (WSP) manual?

To document all customer complaints for regulatory review To establish the firm's supervisory system and assign supervisory responsibility To record all trades executed by the firm To list all registered representatives and their account assignments

Correct Answer:

To establish the firm's supervisory system and assign supervisory responsibility

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