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

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What type of investments does FINRA Rule 3210 primarily address in terms of associated persons' accounts?

Mutual funds
Exchange-traded funds
Stocks
All types of investments

The correct answer is: All types of investments

FINRA Rule 3210 is designed to address the requirements and restrictions regarding the securities accounts of associated persons at member firms. This rule primarily ensures that associated persons, who may influence or trade on behalf of the firm, disclose their outside accounts to their employers to prevent potential conflicts of interest or insider trading. The rule encompasses all types of investments including stocks, mutual funds, exchange-traded funds, and others, as it recognizes that associated persons may engage in various investment activities that could pose a risk to the integrity of the firm. By including all types of investments, the rule facilitates comprehensive monitoring and regulation of all securities-related activities by associated persons, ensuring adherence to ethical trading practices across the board.