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Understanding a FINRA Exam, Part 1

Posted by Joel Beck | Dec 16, 2015 | 0 Comments

Some of the more common questions we receive from prospective clients focus on FINRA exams and include questions like: How are they started? What happens in them? What does it mean? How long does it take? What can happen? How do I deal with one? In this blog series, Understanding a FINRA Exam, we'll seek to answer several of these common questions.

In this first installment of the series, attorney Joel Beck addresses how FINRA exams come to be. As he shares with you in the video, they can be started for a variety of reasons: Form U4 and U5 disclosures, cycle (routine) exams of broker-dealers, regulatory tips, and more. In subsequent posts in this series, Joel will discuss common investigative steps that FINRA examiners use to gather information, discuss informal dispositions, as well as the formal disciplinary (enforcement) process.

Understand that these posts are designed to answer some basic questions, but they aren't a substitute for legal advice. If you are the subject of a FINRA exam, treat it seriously, as it can have a significant impact on your career. For more information on the exam process, download our e-book, A Stockbroker's Guide to Regulatory Investigations, at And if you'd like to speak with a lawyer about your FINRA exam matter, contact us at The Beck Law Firm, LLC at (678) 344-5342, or visit us online at

Learn more about FINRA exams in these related articles.

Understanding a FINRA Exam, Part 1

Understanding a FINRA Exam, Part 2

Understanding a FINRA Exam, Part 3 – Dispositions

Understanding a FINRA Exam, Part 4 – AWC

Understanding a FINRA Exam, Part 5 – The Wells Letter

About the Author

Joel Beck

Joel Beck founded The Beck Law Firm, LLC in 2007. His firm focused on business law and estate planning needs of clients, two areas that he was drawn to based upon personal and business experiences in his life, including a ten-year career at NASD (now known as FINRA).


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