Free Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam Questions and Answers
Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam is part of FINRA qualification examinations from the Financial Industry Regulatory Authority. FINRA administers the qualification examinations for the US securities industry, including exams it delivers on behalf of other bodies — the Series 63, 65 and 66 are NASAA exams sat through the same system. Passing scores are set per exam rather than shared across the programme.
The first 10 questions on this page are free to read, answers included — no account and no card. A plan opens the rest of the bank, the full timed practice test and your weak-topic reporting.
Last updated: August 31, 2026
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Question #1
What is the primary role of an introducing broker-dealer?
Please select an optionIncorrectCorrect answer: A
Introducing brokers facilitate trades between clients and markets.
Was this answer correct?Question #2
In the context of FINRA regulations, what does "net capital" refer to?
Please select an optionIncorrectCorrect answer: B
Net capital refers to the amount of liquid assets available to meet obligations.
Was this answer correct?Question #3
Which document outlines the financial responsibilities of a broker-dealer?
Please select an optionIncorrectCorrect answer: B
The Statement of Financial Condition details the financial responsibilities.
Was this answer correct?Question #4
What must an introducing broker-dealer ensure before executing a trade?
Please select an optionIncorrectCorrect answer: A
They must ensure customer compliance with regulations before executing a trade.
Was this answer correct?Question #5
How often must a broker-dealer compute its net capital?
Please select an optionIncorrectCorrect answer: C
Broker-dealers are required to compute net capital at least monthly.
Was this answer correct?Question #6
What is the main objective of the Customer Protection Rule?
Please select an optionIncorrectCorrect answer: A
The Customer Protection Rule aims to ensure that client funds and securities are protected.
Was this answer correct?Question #7
Who is responsible for the supervision of trading activities in a firm?
Please select an optionIncorrectCorrect answer: B
The compliance officer is primarily responsible for supervising trading activities.
Was this answer correct?Question #8
Under which rule must a firm notify FINRA of any changes in control?
Please select an optionIncorrectCorrect answer: B
Rule 1010 requires firms to notify FINRA of changes in control.
Was this answer correct?Question #9
What is the purpose of maintaining a record of customer complaints?
Please select an optionIncorrectCorrect answer: B
Maintaining records of customer complaints is essential for regulatory compliance.
Was this answer correct?Question #10
What information must a broker-dealer provide to a customer before executing a trade?
Please select an optionIncorrectCorrect answer: A
A broker-dealer must provide risk disclosures to inform customers before trading.
Was this answer correct?
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FAQ
Learn More: https://www.finra.org/registration-exams-ce/qualification-exams
- Q1: What is the Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam exam?
- A: Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam is a FINRA certification exam. Judging by the questions in our bank, it concentrates on broker-dealer, broker-dealers, finra, securities and trading.
- Q2: What topics does the Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam exam cover?
- A: Questions in our Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam bank cluster around broker-dealer, broker-dealers, finra, securities, trading, trade, liquidity and rule. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam?
- A: Work through the Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam practice questions here, checking your answer on each one, then sit the practice test to rehearse the exam under timed conditions before the real thing.
- Q4: Are these real Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam exam questions?
- A: They are drawn from officially released past questions and from community members who have sat Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam. Answers are verified and updated weekly.
- Q5: Where do I register for the Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam exam?
- A: Register through FINRA directly at https://www.finra.org/registration-exams-ce/qualification-exams. Exampractice is not affiliated with FINRA and does not administer the exam.
- Q6: Is there a free Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam sample?
- A: Yes. Every Series 28 – Introducing Broker-Dealer Financial and Operations Principal Exam page shows a free sample of real questions. Upgrading opens the full bank and the practice test.
- Q7: What are FINRA Certification Exams?
- A: FINRA (Financial Industry Regulatory Authority) Certification Exams validate your expertise in the financial services industry. These exams assess your knowledge of securities regulations, investment products, ethics, and best practices for financial professionals. They are necessary for obtaining various licenses required to work in different roles within the financial industry.
- Q8: Why should I pursue FINRA Certification?
- A: FINRA Certification enhances your professional credibility, showcasing your understanding of securities laws and regulations. This can lead to better job opportunities, higher salaries, and career advancement in the financial services industry.
- Q9: What are the benefits of FINRA Certification?
- A: Benefits include recognition as a certified financial professional, compliance with industry regulations, improved job performance, access to exclusive resources, and staying current with the latest financial industry standards and practices.
- Q10: Who should take FINRA Certification Exams?
- A: Financial advisors, brokers, investment bankers, compliance officers, and anyone involved in the trading, advising, or managing of securities and investments should consider these certifications to validate their expertise and advance their careers.
- Q11: What types of FINRA Certification Exams are available?
- A: FINRA offers various certification exams, including:
- Q12: How do I prepare for FINRA Certification Exams?
- A: Preparation can include official FINRA study materials, preparatory courses, practice exams, online tutorials, and hands-on experience in the financial industry.
- Q13: Where can I take FINRA Certification Exams?
- A: FINRA Certification Exams can be taken at authorized testing centers nationwide, providing flexibility to fit your schedule and location.
- Q14: How do FINRA Certifications impact my career?
- A: FINRA Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in the financial services industry.
- Q15: Are there any prerequisites for FINRA Certification Exams?
- A: Some exams may have prerequisites, such as sponsorship by a FINRA member firm or prior completion of other specific exams. Check the specific requirements for each certification path on the FINRA website.
- Q16: How often do I need to recertify for FINRA Certifications?
- A: FINRA Certifications typically require continuing education and periodic renewal to ensure that certified professionals stay updated with the latest financial industry regulations and practices.