A statutory disqualification occurs if an RR has been convicted of certain crimes, violated securities laws, or been barred by a regulatory authority. Under FINRA rules, the RR cannot associate with a member firm in any capacity unless they obtain a waiver from FINRA.
B is correctbecause the disqualified person must obtain a waiver to continue employment.
AandCare incorrect because the RR is not allowed to associate with the firm in any capacity without a waiver.
Dis incorrect because statutory disqualification directly affects the RR’s employment status.
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