SIE (Securities Industry Essentials) Practice Exam

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Which of the following is NOT a potential sanction under FINRA's Code of Procedure?

An indefinite suspension of the registration of an associated person
Monetary fines
Censure
Revocation of license

The correct answer is: An indefinite suspension of the registration of an associated person

A is not a potential sanction under FINRA's Code of Procedure because an indefinite suspension of the registration of an associated person is not listed in the list of penalties under FINRA's code of procedure. The options B, C, and D are all possible sanctions that can be imposed under FINRA's code of procedure. This includes monetary fines, censure, and revocation of license. Therefore, A is the only option that is not a potential sanction under FINRA's code of procedure.