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NEW QUESTION: 1
The compensation records that FINRA member firms are required to maintain must include which of the
following?
I. the names of the persons that have provided the compensation
II. names of the associated persons receiving the compensation
III. the amount of cash received
IV. the nature and value (if known) of any non-cash compensation received
A. II and III only
B. I, II, III, and IV
C. II, III, and IV only
D. I and III only
Answer: B
Explanation:
The compensation records that FINRA member firms are required to maintain must include
the names of the persons that have provided the compensation (the offerors), the names of the
associated persons receiving the compensation, the amount of cash received, and the nature and value
(if know) of any non-cash compensation received.


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