Step by Step Explanation:
Temporary Hold Period: Under FINRA Rule 2165, a firm can initially place a hold on disbursements for up to
10 business days if financial exploitation is suspected.
Additional Holds: The period may be extended by an additional 10 business days if warranted and allowed by state law.
Incorrect Options:
A & B: These are shorter than the permissible period.
D: The initial hold period is capped at 10 business days.
FINRA Rule 2165 (Financial Exploitation of Specified Adults): FINRA Rule 2165.