Investment Company and. Variable Contracts Products Principals (Series 26) Practice Exam

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Requests for a 30-day extension of financial report deadlines must be submitted to which office?

FINRA Head Office
SEC Office
FINRA District Office
State Regulatory Office

The correct answer is: FINRA District Office

Requests for a 30-day extension of financial report deadlines must be submitted to the FINRA District Office. This is because FINRA (the Financial Industry Regulatory Authority) oversees brokerage firms and exchange markets, and they have established specific procedures for various regulatory matters, including the extension of financial reporting deadlines. When a firm seeks an extension, it is important to ensure that the request goes through the proper channels to maintain compliance and receive the necessary approval. The District Office is the designated entity that handles such requests, making it the correct choice in this scenario. Other offices, such as the SEC or state regulatory agencies, have different responsibilities and processes. The SEC deals with broader securities regulations and financial disclosures while state regulatory offices focus on local governance and licensing issues. Therefore, routing the request through the FINRA District Office helps streamline the process and allows for a more efficient review specific to the compliance requirements of broker-dealers and their financial reporting obligations.