CDPPM-002 Exam Questions and Answers

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NEW QUESTION: 1
After three warnings, Honest Investments was forced to terminate Sly Conman, one of its representatives,
for making inaccurate statements when offering its mutual fund products to customers. Given this
scenario:
A. Honest must provide FINRA with an electronic notification of the termination within 48 hours and
provide a written copy of the submitted form to Mr. Conman within 30 days of the filing.
B. Honest must provide FINRA with an electronic notification of the termination within 48 hours and mail a
written copy of the submitted form to both FINRA and Mr. Conman within 14 days.
C. Honest must provide FINRA with an electronic notification of the termination within 48 hours and
provide a written copy of the submitted form to Mr. Conman within 10 business days.
D. Honest must provide FINRA with an electronic notification of the termination within 30 days and provide
a written copy of the submitted form to Mr. Conman within that same period of time.
Answer: D
Explanation:
When Honest Investments terminates Mr. Conman, the firm must provide FINRA with an
electronic notification of the termination within 30 days and provide a written copy of the submitted form to
Mr. Conman within that same period of time.


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