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FINRA General Securities Representative SIE Question # 12 Topic 2 Discussion

SIE Exam Topic 2 Question 12 Discussion:
Question #: 12
Topic #: 2

A registered representative (RR) has a referral relationship with a family friend who is not affiliated with the financial industry. In the absence of a formal agreement, which of the following ways is the RR permitted to compensate the family friend for referrals?
A.

The RR is permitted to split commissions with the family friend.

B.

The RR is permitted to pay a flat-rate referral fee to the family friend.

C.

The RR is permitted to take the family friend out to dinner as a way to say thank you.

D.

The RR is permitted to give the family friend prepaid credit cards equal to 50% of the commissions earned on the referrals.

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Actual exam question for FINRA SIE exam by Blaise5763 at May 1, 2026, 8:32:28 PM

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