RegulationsPregunta 59 de 110
An institutional communication is one distributed exclusively to:
a.Any customer with an account balance over $250,000
b.Institutional investors such as banks, insurance companies, registered investment companies, and qualifying entities
c.Employees of the member firm
d.Prospective retail customers who have signed a suitability waiver
Explicación
The institutional category depends on the type of recipient, not on account size or paperwork, and covers entities such as banks, insurers, registered investment companies, and other qualifying institutions. A wealthy individual is still a retail investor. Suitability obligations cannot be waived by a customer signature.
Referencia Legal: FINRA Rule 2210 (Communications with the Public)Practica las 110 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- Which of the following would most likely be viewed as a prohibited practice by a registered representative?
- Under FINRA's communications rules, a written message distributed to more than 25 retail investors within any 30 calendar-day period is classified as:
- A representative emails an identical market update to 18 individual retail clients in one month. This communication is categorized as:
- Retail communications must generally be:
- How long must a member firm retain records of its communications with the public?
- A retail communication concerning a registered investment company that includes fund performance generally must be filed with FINRA:
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