Series 23 Practice Questions - Series 23 General Securities Principal - Sales Supervisor Module Exam - Series 23 Practice Questions - Series 23 General Securities Principal

Question 1

Under FINRA Rule 3110, every member firm must designate which of the following as its Office of Supervisory Jurisdiction (OSJ)?

Any branch office that processes transactions Each location at which one or more of the listed supervisory functions (such as final approval of new accounts or order execution) take place Only the firm's headquarters Any office where more than five registered representatives work

Correct Answer:

Each location at which one or more of the listed supervisory functions (such as final approval of new accounts or order execution) take place

Question 2

A general securities principal at a clearing firm must verify that the firm maintains minimum net capital of at least:

$$5,000 $$50,000 $$100,000 $$250,000

Correct Answer:

$$250,000

Question 3

Reg BI imposes four separate obligations on a broker-dealer recommending a securities transaction to a retail customer. Which of the following is NOT one of those obligations?

Disclosure Obligation Care Obligation Best Interest Pricing Obligation Conflict of Interest Obligation

Correct Answer:

Best Interest Pricing Obligation

Question 4

Under FINRA Rule 2210, retail communications that promote a registered investment company must generally be filed with FINRA's Advertising Regulation Department:

At least 10 business days before first use Within 10 business days of first use At least 30 days before first use Only upon request from FINRA staff

Correct Answer:

Within 10 business days of first use

Question 5

FINRA Rule 3220 limits gifts that a registered person may give to any person in connection with the business of the recipient's employer to no more than:

$$50 per individual per year $$100 per individual per year $$250 per individual per year $$500 per individual per year

Correct Answer:

$$100 per individual per year

Question 1

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Prepare with the Series 23 Practice Questions - Series 23 General Securities Principal - Sales Supervisor Module Exam practice quiz. This question bank includes 100 questions covering rule, finra, broker-dealer, customer, and firm. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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Series 23 Practice Questions - Series 23 General Securities Principal - Sales Supervisor Module Exam

This practice set contains 100 questions from the matching question bank and focuses on rule, finra, broker-dealer, customer, and firm. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Series 23 Practice Questions - Series 23 General Securities Principal - Sales Supervisor Module Exam

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