Financial Industry Regulatory Authority (FINRA) Practice Exam 2025 - Free FINRA Practice Questions and Study Guide

In the context of rules regarding restricted persons, immediate family typically includes individuals who have a close, established relationship with the person in question. This generally encompasses parents, siblings, spouses, and children.

The distinction lies in the classification of 'immediate family' versus more extended relations. Parents, brothers, sisters, and in-laws clearly fall under the definition of immediate family due to their direct connections. Conversely, aunts and uncles, while they are relatives, do not meet the criteria for immediate family under these rules. This is why the correct option is an aunt or an uncle, as they are not considered immediate family members within the restricted persons framework applicable in financial regulations.

Therefore, recognizing the boundaries of immediate family helps in understanding which relationships are relevant when discussing restrictions on trading or participating in certain securities transactions.