What is TRUE about filing a registration application with FINRA?

Filing a registration application with FINRA requires that all information provided must be complete and accurate. When applying for registration, any misleading or incomplete information can be deemed a violation of FINRA's rules. This maintains the integrity of the financial services industry and ensures that all registered individuals meet the necessary qualifications without misrepresentation.

The requirement for accuracy is rooted in the need for FINRA to have reliable information for regulatory oversight, protecting both the markets and investors. Any omission or distortion of the truth can result in serious consequences, including disciplinary actions against the registrant.

The other statements either misrepresent the policies or fail to capture the full requirements expected of individuals applying for registration with FINRA. Keeping the application transparent and truthful is vital for maintaining trust and compliance within the financial industry.