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

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Within how many days may FINRA make a subsequent request for information after receiving additional documentation from the applicant?

15 days
30 days
60 days
45 days

The correct answer is: 30 days

The correct time frame for FINRA to make a subsequent request for information after receiving additional documentation from the applicant is 30 days. This period is outlined in the rules and ensures that the review process remains timely and organized. The 30-day window allows FINRA sufficient time to evaluate the additional information provided before deciding if further clarification or documentation is necessary. This timeframe is essential for maintaining the integrity of the application review process, as it enables both the regulatory body and the applicant to manage expectations and streamline communications. Understanding this time frame is important for applicants as they navigate the regulatory landscape, ensuring they can respond appropriately to any requests made by FINRA.