What is a true statement regarding the filing of a registration application with FINRA?

A true statement regarding the filing of a registration application with FINRA is that it is a violation for an application to be incomplete or misleading. FINRA requires that all applications be thoroughly completed and contain accurate information. This is crucial to maintain the integrity of the regulatory process and ensure that the involved parties are fit for their roles in the securities industry. Providing incomplete or misleading information can undermine the objective of the review process, which is to assess the qualifications and suitability of individuals or firms applying for registration. Such violations can lead to disciplinary actions or rejections of the applications, making it clear that adhering to the requirements is essential for compliance with FINRA’s regulations.